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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 2022 edition delves into the details and strategic drivers behind L3Harris Technologies’ acquisition of Aerojet Rocketdyne (NYSE:ARJD).
Executive Summary
There were 91 A&D deals announced in Q4 2022, which was a decrease from the number of deals announced during Q3 2022.
Year-over-year quarterly transaction volume decreased by 40.9% compared to the 154 deals announced during Q4 2021.
Average disclosed deal size during the quarter increased to $891 million compared to $679 million during Q3 2022.
The most active segments in terms of number of M&A deals were:
- Government Services, IT Services, and Software (18 deals)
- Machined & Cast Parts (11 deals)
- Cybersecurity, Intelligence Services and Homeland Defense (10 deals)
- MRO & Logistics (10 deals)
- Defense Electronics (9 deals)
The top 3 segments in terms of disclosed transaction values were:
- Satellite, Satellite Services & Space Systems ($6,462 million)
- Engines & Engine Systems ($4,784 million)
- Cybersecurity, Intelligence Services and Homeland Defense ($2,484 million)