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    Aerospace, Defense & Government Contracting Q3 2021

    Q3-2021-Aerospace Defense Government Q3 2021

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Apollo Fusion, Inc.
    • Astra Space, Inc.
    • $135.00
    • GlobalParts Group, Inc.
    • VSE Corporation
    • $38.00

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Forrest Machining, Inc.
    • DVSM, LLC
    • n/a
    • Air Comm Corporation
    • Arcline Investment Management LP
    • n/a
    • Capco, Inc.
    • Chumash Capital Investments, LLC
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Kemco Tool And Machine Company, Inc.
    • L-3 Communications Crestview Aerospace Corporation
    • n/a
    • SkyWarrior Flight Training INC.
    • CAE USA, Inc.
    • n/a
    • BEI Precision Systems & Space Company, Inc.
    • Quantic
    • n/a
    • Global Jet Services, Incorporated
    • CAE Inc.
    • n/a
    • Sehlke Consulting, LLC
    • Artlin Consulting, LLC
    • n/a
    • Systima Technologies, Inc.
    • Karman Missile & Space Systems
    • n/a
    • Aircraft Hardware West, Inc.
    • Clarendon Specialty Fasteners Limited
    • n/a
    • Trace Aviation, Inc.
    • Precision Aviation Group, Inc.
    • n/a
    • Swarm Technologies, Inc.
    • Space Exploration Technologies Corp.
    • n/a
    • redUAS, LLC
    • AVIAN INC
    • n/a
    • Wilco, Inc.
    • Aero-Mach Labs, Inc.
    • n/a

     

    Source S&P Capital IQ as of 10/6/2021 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. Clevenger, Andrew and Satter, Mark. "House passes major defense policy bill." Roll Call, CQ Roll Call, 23 Sept. 2021.
    2. Pickrell, Ryan. "The U.S. military successfully flight-tested new hypersonic weapon technology.” Business Insider, Microsoft, Sept. 28, 2021.
    3. Ford, Georgina. “Boeing forecasts $9 trillion aerospace market opportunities in commercial, defense and services over next decade.” avationbusinessme.com, ITP Media Group, 17 Sept. 2021.
    4. Hetzner, Christiaan. "Air taxis are coming sooner than you think, aerospace giant Airbus says." FORTUNE, Fortune Media I.P. Limited, 22 Sept. 2021.
    5. Megerian, Chris. “U.S. will share nuclear submarine technology with Australia in new defense partnership.” Los Angeles Times, Microsoft, 15 Sept. 2021.
    6. Harwood, William. “SpaceX launches all-civilian crew on Inspiration4 mission.” CBS News, CBS Interactive Inc, 16 Sept. 2021.
    7. Hyun-bin, Kim. “Private companies spearhead global space race.” The Korea Times, koreatimes.co.kr., 30 Aug. 2021.
    8. Genovese, Daniella. “Airline flight bookings jump after U.S. eases transatlantic travel restrictions.” Fox Business, Microsoft, 21 Sept. 2021.

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