Defense Mergers & Acquisitions Tallies $40 Billion in 2006 Deals; 2007 Sizzles with $25 Billion in Deals to Date
Chantilly, VA. April 17, 2007 -- Worldwide defense and aerospace companies completed M&A deals worth more than $40 billion in 2006, reports Defense Mergers & Acquisitions in its year-end review.
The year saw a total of 370 transactions completed.
Stuart McCutchan, editor of the DM&A newsletter, commented: "Deal activity reached a level not seen since 1999s all-time high. 2006 was a year in which a lot of factors came together. Defense spending remains at historic highs, and the commercial aerospace marketplace is at full stride. Industry players are flush with cash, and private equity money is pouring into the marketplace."
M&A activity in 2006 was exceptionally broad based. The top five deals accounted for only 32% of the total value for the year. For comparison, in the record year of 1999 the top five deals accounted for 77% of the years $65 billion in deals.
McCutchan concluded: "In 2007 we could see the 1999 record finally eclipsed. Deals worth $25 billion have already been announcedby far the fastest start weve seen this decade."
A dynamically generated detail of all of 2006's 370 worldwide defense/aerospace dealsand the 167 deals announced in 2007can be obtained at no charge from the DM&A website. Go to http://www.dacis.com/ and then click the "Trial Evaluation" button to set up a free one-week evaluation of the DM&A online service.
Defense Mergers and Acquisitions is a monthly newsletter and online daily-updated information and database service which has covered M&A activity in the defense, aerospace and government contracting markets since 1989.
(Source: InfoBase Publishers, Inc., April 17, 2006; web-posted April 13; Editorial Contact: Stuart McCutchan, 703-327-8470, sjmccu@dacis.com)
Apr 17, 2007