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    Aerospace, Defense & Government Contracting Q1 2021

    Q1 2021 Aerospace Defense Government

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Enginetics Corporation
    • Enjet Aero, LLC
    • $11.50
    • Mikros Systems Corporation
    • McKean Defense Group, LLC
    • $5.22

     

    Source S&P Capital IQ as of 4/12/2021 and PCE Proprietary Data

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    Contacts

    David Jasmund

    Orlando Office

    407-621-2111

    Michael Poole

    Orlando Office

    407-621-2112

    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. Sheetz, Michael. “Small-Launch Leader Rocket Lab Going Public via a SPAC, with Plans for Bigger Neutron Rocket.” CNBC, CNBC, 1 Mar. 2021.
    2. CAE. “CAE to Acquire L3Harris Technologies' Military Training Business for US$1.05 Billion.” Aviationpros.com, CAE, 2 Mar. 2021.
    3. Pasztor, Andy. “Rough Landing Expected for the Glut of New Small-Rocket Makers.” The Wall Street Journal, Dow Jones & Company, 7 Feb. 2021.
    4. Cameron, Doug. “Boeing-FAA Ties Still Flawed After 737 MAX Reforms.” Morningstar, Dow Jones, 25 Feb. 2021.
    5. Pasztor, Andy. “Forget Self-Driving Cars-the Pentagon Wants Autonomous Ships, Choppers and Jets.” The Wall Street Journal, Dow Jones & Company, 13 Feb. 2021.
    6. Chuter, Andrew. “Reaction Engines Chases the Elusive Prospect of a Hypersonic Fighter Jet.” Defense News, Defense News, 15 Mar. 2021.
    7. Eversden, Andrew. “DISA Director Favors Outsourcing I.T. Services to Contractors.” C4ISRNET, C4ISRNET, 12 Mar. 2021.

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