Mission control: 2009 Annual and fourth-quarter review

The fast descent of deal values in A&D spurred by recession and the banking crisis of 2008 continued into 2009 with the first quarter of the year seeing a near-stalling of deal value. Since that time, deal values have revived but small deals continue to dominate the sector's activity. However, deal activity, as measured by the total number of deals, has stayed buoyant at near record levels as companies limit their acquisition budgets but continue to take advantage of opportunities to make small but strategic purchases.

  • A year of contrasts as sector health is balanced by caution
  • Small is the name of the game as deal values dive
  • Georgraphical footprint shifts away from Europe
  • Deal values begin to perk up