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    Aerospace, Defense & Government Contracting Q2 2020

    Q2 2020 Aerospace Defense Government

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Dynetics, Inc.
    • United Technologies Corporate
    • $93,157.47
    • Meggitt Training Systems, Inc.
    • Pine Island Capital Partners
    • $146.00
    • Chemring Ordnance, Inc.
    • Nammo AS
    • $17.00

     

    Source S&P Capital IQ as of 7/6/2020 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. Alderman, L., “Airbus, Expecting Long Slump in Air Travel, Will Slash 15,000 Jobs,” The New York Times, June 30, 2020.
    2. Sider, A., Sebastian, D., “Delta to Retire Boeing 777 Fleet to Cut Costs Amid Coronavirus,” The Wall Street Journal, May 14,  2020.
    3. Pasztor, A., “Elon Musk’s SpaceX Readies First Astronaut Launch by Private Firm,” The Wall Street Journal, May 23, 2020.
    4. Cameron, D., Grya, T., “Raytheon Technologies to Cut $2 Billion in Costs, Furlough Staff,” The Wall Street Journal, May 7, 2020.
    5. Gould, J., “Lockheed paid suppliers $1.1 billion, added 8,300 jobs since pandemic,” Defense News, June 27, 2020.
    6. Mehta, A., “Nearly all defense companies have reopened from COVID-19,” Defense News, June 22, 2020.

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