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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 Q4 2021 edition delves into the details and strategic drivers behind Viasat’s acquisition of Inmarsat Global, an update on active A&D acquirer BAE Systems plc (LSE:BA), and a look into the latest information on the Northrop Grumman B-21 Raider program.
Executive Summary
There were 156 A&D deals announced in Q4 2021, which was a decrease from the number of deals announced during Q3 2021.
Year-over-year quarterly transaction volume increased by 33.3% compared to the 117 deals announced during Q4 2021.
Average disclosed deal size during the quarter decreased to $511 million compared to $701 million during Q3 2021.
The most active segments in terms of number of M&A deals were:
- Government Services, IT Services, and Software (34 deals)
- Cybersecurity, Intelligence Services, and Homeland Defense (16 deals)
- Defense Electronics (16 deals)
- Components & Subsystems (15 deals)
- Machined & Cast Parts (13 deals)
The top 3 segments in terms of disclosed transaction values were:
- Satellite, Satellite Services, & Space Systems ($7, 562 million)
- Government. Services, IT Services and Software ($5,719 million)
- Sensors & C4ISR ($1, 057 million)