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Read the latest Aerospace & Defense Quarterly Report from Janes Capital Partners. The report provides topical coverage of the Aerospace & Defense industry, providing news briefs, developments of key platforms, analytics supporting M&A trends and an in-depth analysis of featured transactions and acquirers in the Aerospace & Defense industry. The Q3 2024 edition delves into the details and strategic drivers behind ITT's acquisition of kSARIA, an update on active A&D acquirer Loar Group, and a look into the latest information on the Collaborative Combat Aircraft platform.
Executive Summary
There were 91 A&D deals announced in Q3 2024, which was flat from the number of deals announced during Q2 2024.
Year-over-year quarterly transaction volume decreased by 7.1% compared to the 98 deals announced during Q3 2023.
Average disclosed deal size during the quarter increased to $831 million compared to $576 million during Q2 2024.
The most active segments in terms of number of M&A deals were:
- Government Services, IT Services, and Software (23 deals)
- MRO & Logistics (15 deals)
- Defense Electronics (11 deals)
- Machined & Cast Parts (9 deals)
- Satellite, Satellite Services & Space Systems (6 deals)
The top 3 segments in terms of disclosed transaction values were:
- Aerostructures ($8,382 million)
- Defense Electronics ($4,856 million)
- Components & Subsystems ($1,497 million)