Aerospace, Defense & Government Contracting Q1 2020

Q1 2020 Aerospace Defense Government

M&A Transaction Trends

 

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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Contacts

David Jasmund

Orlando Office

407-621-2111

Michael Poole

Orlando Office

407-621-2112

David Jasmund

 

David Jasmund

Investment Banking | ESOP

Orlando Office

407-621-2111 (direct)

djasmund@pcecompanies.com

Connect
407-621-2111 (direct)

407-621-2199 (fax)

Eric Zaleski

 

Eric Zaleski

Investment Banking | ESOP

Chicago Office

847-239-2466 (direct)

ezaleski@pcecompanies.com

Connect
847-239-2466 (direct)

407-621-2199 (fax)

Melissa Ritter

 

Melissa Ritter

Investment Banking

Orlando Office

407-621-2128 (direct)

mritter@pcecompanies.com

Connect
407-621-2128 (direct)

407-621-2199 (fax)

Michael Rosendahl

 

Michael Rosendahl

Investment Banking

New York Office

201-444-6280 Ext 1 (direct)

mrosendahl@pcecompanies.com

Connect
201-444-6280 Ext 1 (direct)

407-621-2199 (fax)

Will Stewart

 

Will Stewart

Investment Banking | ESOP

Orlando Office

407-621-2124 (direct)

wstewart@pcecompanies.com

Connect
407-621-2124 (direct)

407-621-2199 (fax)

whitcomb-woody

 

Woody Whitcomb

Investment Banking

Orlando Office

407-621-2113 (direct)

wwhitcomb@pcecompanies.com

Connect
407-621-2113 (direct)

407-621-2199 (fax)

poole_michael

 

Michael Poole

Investment Banking

Orlando Office

407-621-2112 (direct)

mpoole@pcecompanies.com

Connect
407-621-2112 (direct)

407-621-2199 (fax)

vogt-paul

 

Paul Vogt

Valuation

Atlanta Office

678-641-4760 (direct)

pvogt@pcecompanies.com

Connect
678-641-4760 (direct)

407-621-2199 (fax)

Mackenzie Moran

 

Mackenzie Moran

Investment Banking

New York Office

201-444-6280 Ext 3 (direct)

mmoran@pcecompanies.com

Connect
201-444-6280 Ext 3 (direct)

407-621-2199 (fax)

Isabel Carta

 

Isabel Carta

Investment Banking

Orlando Office

407-621-2149 (direct)

icarta@pcecompanies.com

Connect
407-621-2149 (direct)

407-621-2199 (fax)

Philipp Seubert

 

Philipp Seubert

Investment Banking

New York Office

201-444-6280 Ext 4 (direct)

pseubert@pcecompanies.com

Connect
201-444-6280 Ext 4 (direct)

407-621-2199 (fax)

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.

Glossary

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

Sources:

  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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