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    Aerospace, Defense & Government Contracting Q4 2021

    Q4 2021 Aerospace Defense Government

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Gryphon Technologies LC
    • ManTech International Corporation
    • $350.00
    • Avalex Technologies Corporation
    • Mercury Systems, Inc.
    • $155.00
    • Crew Training International, Inc.
    • Exchange Income Corporation
    • $45.00

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Mcfarlane Aviation, LLC
    • Vance Street Management LLC
    • n/a
    • Onboard Systems International Inc.
    • Arcline Investment Management LP
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • ASC International, Inc.
    • Wencor Group, LLC
    • n/a
    • Federal Resources Supply Company
    • Noble Sales Co., Inc.
    • n/a
    • Metalcraft Technologies, Inc.
    • ARCH Precision Components Corp.
    • n/a
    • SEAKR Engineering, Inc.
    • Raytheon Intelligence & Space
    • n/a
    • Techshot, Inc.
    • Redwire Corporation
    • n/a
    • Valley Tech Systems, Inc.
    • Voyager Space Holdings, Inc.
    • n/a
    • WorldWide Aviation Group, LLC
    • Million Air Interlink, Inc.
    • n/a

     

    Source S&P Capital IQ as of 1/11/2022 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. Wise, Lindsay. “House Approves $778 Billion Defense Bill.” The Wall Street Journal, Dow Jones & Company, Inc., 7 Dec. 2021.
    2. Ramonas, Andrew. “Biden Order Poses Climate Disclosure Challenges for Contractors.” Bloomberg Law, The Bureau of National Affairs, Inc., 14 Dec. 2021.
    3. Schwirtz, Michael. “Ukraine Commanders Say a Russian Invasion Would Overwhelm Them.” The New York Times, The New York Times Company, 9 Dec. 2021.
    4. Tangel, Andrew and FitzGerald, Drew. “AT&T, Verizon to Delay 5G Rollout Over FAA’s Airplane Safety Concerns.” The Wall Street Journal, Dow Jones & Company, Inc., 4 Nov. 2021.
    5. Cameron, Doug and Tangel, Andrew. “Boeing Loss Driven by Dreamliner, Space Problems.” The Wall Street Journal, Dow Jones & Company, Inc., 27 Oct. 2021.
    6. Contributor. “United And Virgin Australia In Partnership.” Nasdaq, Nasdaq Inc., 14 Dec. 2021.
    7. Labor and Employment at Foley & Lardner. “DOL Issues Final Rules for $15 Minimum Wage for Federal Government Contractors.” The National Law Review, National Law Forum, LLC, 14 Dec. 2021.
    8. Hitchens, Theresa. “Biden administration to propose new global norms for military space.” Breaking Defense, Breaking Media, Inc., Dec 1, 2021.

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