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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 2023 edition delves into the details and strategic drivers behind TransDigm’s acquisition of CPI’s Electron Device Business, an update on active A&D acquirer The Jordan Company, and a look into the latest information on the Bell V-280 Valor platform.
Executive Summary
There were 96 A&D deals announced in Q4 2023, which was an decrease from the number of deals announced during Q3 2023.
Year-over-year quarterly transaction volume increased by 3.2% compared to the 93 deals announced during Q4 2022.
Average disclosed deal size during the quarter increased to $988 million compared to $857 million during Q3 2023.
The most active segments in terms of number of M&A deals were:
- Government Services, IT Services, and Software (31 deals)
- Machined & Cast Parts (14 deals)
- Defense Electronics (8 deals)
- MRO & Logistics (8 deals)
- Components & Subsystems (6 deals)
The top 3 segments in terms of disclosed transaction values were:
- Government Services, IT Services, and Software ($17,473 million)
- Defense Electronics ($1,425 million)
- Specialty Defense Systems and Services ($1,052 million)