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    Aerospace, Defense & Government Contracting Q1 2020

    Q1 2020 Aerospace Defense Government


    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Dynetics, Inc.
    • Leidos, Inc.
    • $1,650.00
    • RSA Engineered Products, LLC
    • TriMas Corporation
    • $85.00
    • Prime Turbines, LLC
    • PTB Group Limited
    • $21.00


    Source S&P Capital IQ as of 4/13/2020 and PCE Proprietary Data

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    David Jasmund

    Orlando Office


    Michael Poole

    Orlando Office


    Data Assumptions

    This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.


    EBIT - Earnings Before Interest and Taxes
    EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
    LTM - Last Twelve Months
    TEV - Total Enterprise Value


    1. Karmin, Craig, Sayre, Katherine, Paris, Costas. "Coronavirus Sends Travel Business and Millions It Employs Into All-Out Crisis." The Wall Street Journal. March 17, 2020.
    2. Katz, Benjamin, Sider, Alison. "Airlines Slash Costs, Seek Cash as Virus Saps Demand." The Wall Street Journal. March 16, 2020.
    3. Reuters. “Airbus unveils 'blended wing body' plane design after secret flight tests.” Reuters. February 10, 2020.
    4. Volz, Dustin, Gordon Lubold. “Navy, Beset by Aging Tech, Pushes for Rapid Modernization.” The Wall Street Journal. February 19, 2020.
    5. Associated Press, Wire Service Content. “Aerospace and Defense Suppliers Woodward, Hexcel Combining.” U.S. News. January 13, 2020.
    6. Reuters. “Boeing suppliers Hexcel and Woodward to merge in $6.4 billion deal.” Reuters. January 12, 2020.
    7. The Associated Press. “New destroyers, including one built in Maine, will boost Navy's ballistic missile defense.” WGME. March 8, 2020.
    8. Clark, Colin. “Poles, Eyes On Russia, Sign $4.6B F-35 Deal.” Breaking Defense. January 31, 2020.
    9. Siminski, Jacek. “Poland Signs 4.6B USD Deal For The Purchase Of 32 F-35s.” The Aviationist. January 31, 2020.
    10. Pasztor, Andy. “FAA Moves Toward Certifying Specific Drones for Package Deliveries.” The Wall Street Journal. February 3, 2020.
    11. Mayfield, Mandy. “South Korea Seeks Industrial Partnership With U.S.” National Defense. February 10, 2020.

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