Publications

• Mission control 2011 annual and fourth-quarter review
  Mission control 2011 annual and fourth-quarter review

  Global aerospace and defence merger and acquisition value reached a record $43.7 billion supported by 341 deals in 2011. Defence contractors will move into the civil market and there will be more supplier consolidations and emerging markets will continue to develop domestic aerospace industries.

  3.19 MB PDF file | Free download
• Cyber Security M&A: Decoding deals in the global Cyber Security industry
  Cyber Security M&A: Decoding deals in the global Cyber Security industry

  Global Cyber Security industry merger and acquisition activity totalled $22 billion over the past 3 years and is attracting investment from IT companies, defence contractors, technology businesses, professional services firms, telecommunications firms and financial investors.

  645 KB PDF file | Free download
• Mission Control: Q3 2011
  Mission Control: Q3 2011

  A review and analysis of Global aerospace & defence merger & acquisition activity in Q3 2011.

  1.51 MB PDF file | Free download
• Aerospace Top 100 – Growing season
  Aerospace Top 100 – Growing season

  The 14th annual edition of the Top 100, ranking Aerospace companies globally according to their financial results--as analysed by PwC. The report finds that 2010 was a year of buoyant rebound for Aerospace with industry revenue growth of 2% and profits up 16%.

  1.23 MB PDF file | Free download
• Emergence of new examination approach - joint audits
  Emergence of new examination approach - joint audits

  Industrial companies with multinational operations need to take into account the potential risks and cost-saving rewards with respect to all taxing jurisdictions involved. PwC tax specialists discuss the key points in deciding whether to pursue a joint audit.

  288 KB PDF file | Free download
• A&D Industry insights: Gaining technological advantage
  A&D Industry insights: Gaining technological advantage

  Global aerospace & defence companies must innovate to maintain technological advantage. A&D leaders should leverage research & development and capitalise on technology advances to grow market share and stay competitive.

  2.13 MB PDF file | Free download
• Spares forecasting: A commercial aviation perspective on value chain maturity and best practices
  Spares forecasting: A commercial aviation perspective on value chain maturity and best practices

  Commercial airlines and aerospace & defence companies need to develop usable demand forecast information to reduce lead times on aircraft parts and turnaround times, improve spares reduction, and define future demand for repairs and spares.

  802 KB PDF file | Free download
• Mission control: Q1 2011
  Mission control: Q1 2011

  The pace of M&A activity in the aerospace and defense (A&D) sector increased significantly this quarter compared to 2009 and 2010 levels, and will likely continue due to competition in commercial aerospace, budget headwinds in defense spending, and availability of capital.

  1.43 MB PDF file | Free download
• Aerospace & Defence 2010 year in review and 2011 forecast
  Aerospace & Defence 2010 year in review and 2011 forecast

  The Aerospace & Defence 2010 year in review and 2011 forecast analyses the path the aerospace and defence (A&D) industry took through the recent global recession and presents an outlook on this year's performance

  1.31 M PDF file | Free download
• Global industrial products tax alert - Green paper on the future of EU VAT
  Global industrial products tax alert - Green paper on the future of EU VAT

  On Dec 1, 2010, the EC issued a “Green Paper on the future of EU VAT – Towards a simpler, more robust and efficient VAT system”. This Green Paper provides a once-in-a-lifetime opportunity for Industrial Products companies to submit comments to help shape future reforms.

  2.34 M PDF file | Free download
• Mission control: 2010 annual and fourth-quarter review
  Mission control: 2010 annual and fourth-quarter review

  The "Mission control" series provides a quarterly window on A&D deal activity and this annual edition combines fourth-quarter data with a review of the whole of 2010.

  1.3 M PDF file | Free download
• Emerging conversations: Global Industrial Products tax alert. Changes to the OECD transfer pricing guidelines chapters I-III
  Emerging conversations: Global Industrial Products tax alert. Changes to the OECD transfer pricing guidelines chapters I-III

  In the first of a new series of global tax alerts, we help you to understand the changes to chapters I-III and the impacts we think they will have on global businesses in the industrial sectors.

  239 KB PDF file | Free download
• Top 100: year of living dangerously
  Top 100: year of living dangerously

  The Aerospace and Defence Top 100 features insight and comprehensive analysis of the Top 100 marketplace. This report has been compiled by Neil Hampson, PwC’s Global Aerospace and Defence Leader, with support from Assistant Director Anna Sargeant and Senior Associate Rebecca Aitchison, who are both part of the UK A&D Strategy Group.

  651 KB PDF file | Free download
• Mission control: Q2 2010
  Mission control: Q2 2010

  This quarter, Mission control continues its special report series on making smarter deals in a changing environment with a look at merger integration and the ever-increasing importance of capturing synergies to maximise deal value.

  459 KB PDF file | Free download
• Different shades of green? Industrial Products climate change series
  Different shades of green? Industrial Products climate change series

  What are the implications for Industrial Products companies post Copenhagen and how are our Aerospace and Defence clients responding to these issues?

  349 KB PDF file | Free download
• Assessing tax: 2010 Tax rate benchmarking study for the aerospace and defence industry
  Assessing tax: 2010 Tax rate benchmarking study for the aerospace and defence industry

  Assessing tax is an annual benchmarking study that provides a detailed analysis of tax rate metrics and the drivers of these ratios for the aerospace & defence industry. This year's report also includes a special article that discusses several of the Obama administration’s tax proposals and their potential impact on the industries.

  531 KB PDF file | Free download
• A&D Insights: Accelerating global growth
  A&D Insights: Accelerating global growth

  A&D has turned a corner. Its customers and supply base are already international. The race towards true globalisation has begun. Globalisation may introduce new risks and more complexity into the supply chain, but as this report discusses, the strategies to meet these challenges are known.

  1.8 MB PDF file | Free download
• Mission control: Q1 2010
  Mission control: Q1 2010

  This quarter, the Mission control report takes a deeper look at performing better M&A due diligence in a recovering economy and the ever increasing importance of considering how cultures will mesh and function financially, technologically, and operationally. The discussion includes emerging and existing areas that might call for more careful attention in today’s due diligence process, such as healthcare, climate change, changing tax laws, information technology, and human resources.

  1.03 MB PDF file | Free download
• Mission control: 2009 Annual and fourth-quarter review
  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.

  488 KB PDF file | Free download
• How to fortify your supply chain through collaborative risk management
  How to fortify your supply chain through collaborative risk management

  This whitepaper shares PwC's point of view on the aerospace & defence (A&D) industry's challenges, and our framework for supply chain risk management. It draws on the knowledge and experience of our network of A&D industry professionals, who have extensive backgrounds in government contracting, program management, risk management, supplier management, and Lean and Six Sigma methodologies.

  1.9 MB PDF file | Free download
• Mission control: Aerospace and Defence M&A analysis - Third quarter 2009
  Mission control: Aerospace and Defence M&A analysis - Third quarter 2009

  This quarter, the Mission control report takes a deeper look at the impact prospective energy and climate policies may have on business transactions. Our special report highlights the role of cap-and-trade on climate change legislation, the deal market's response, company brand and reputation considerations, and the interests of the growing number of environmentally aware stakeholders.

  1.8 MB PDF file | Free download
• Simplifying Your Industrial Business
  Simplifying Your Industrial Business

  Many industrial products companies are diverse businesses, with multiple divisions operating in a number of different countries and regions. These businesses often have a wide-ranging, complicated structure of legal entities supporting them.

  2.4 MB PDF file | Free download
• What new accounting standards will mean for the aerospace and defense industry
  What new accounting standards will mean for the aerospace and defense industry

  International Financial Reporting Standards (IFRS) has been affecting US companies for some time, whether through their business dealings with non-US counterparties (particularly with customers and vendors), or through their non-US subsidiaries’ adoption of IFRS.

  252 KB PDF file | Free download
• Flight International Top 100 — 2009
  Flight International Top 100 — 2009

  We are pleased to announce Flight International's 'Aerospace and Defence Top 100' in association with PwC for 2009. This is the fourth year that PwC has collaborated with Flight international to produce this survey of the top 100 aerospace manufacturing companies.

  1.5 MB PDF file | Free download
• Mission control: Aerospace and Defense M&A analysis: Second quarter 2009
  Mission control: Aerospace and Defense M&A analysis: Second quarter 2009

  PwC is proud to present our inaugural edition of Mission control, our global aerospace & defense mergers and acquisitions analysis. Each edition will include a review of overall deal activity for the quarter and year-to-date and a summary of large deals.

  1.26 MB PDF file | Free download
• Aerospace & Defence Deals — 2008 Annual Review
  Aerospace & Defence Deals — 2008 Annual Review

  Looking ahead, we examine the effect of a more uncertain economic outlook on deal-making in the sector. We look at the imperatives that will continue to underpin activity as well as the factors that will inhibit deal-making. Our conclusion is that A&D deal activity will remain subdued and that companies are most likely to adopt a ‘wait and see’ attitude until key concerns about growth and financing have been addressed.

  1.6 MB PDF file | Free download
• 2008 US aerospace & defense M&A insights
  2008 US aerospace & defense M&A insights

  This report offers deep insights on the changing A&D industry and highlights the key trends likely to drive deal activity in the next six to 12 months.

  2.74 MB PDF file | Free download
• Industry supplement to the Global economic crime survey
  Aerospace & defense industry supplement to the Global economic crime survey

  This year, for the first time, we have supplemented the survey with an in-depth report of economic crime in the aerospace & defense (A&D) industry. Our A&D industry supplement is based on responses from 123 A&D companies across the globe including 77 North American respondents.

  Free download
• Flying High, a review of M&A activity and key trends within the global A&D sector
  Flying High, a review of M&A activity and key trends within the global A&D sector

  The second edition of Flying High, a review of M&A activity and key trends within the global A&D sector.

  2.83 MB PDF file | Free download
• The aerospace & defence sector in India
  The aerospace & defence sector in India

  This article investigates why A&D companies choose to do business in India, the characteristics of the Indian A&D sector and the co-operation to date with A&D Indian companies.

  609 KB PDF file | Free download
• Creating competitive advantage
  Creating competitive advantage

  This whitepaper shares PwC's point of view on the A&D industry's challenges and our framework for program management effectiveness.

  1.4 MB PDF file | Free download
• Flight International Top 100 August 2008
  Flight International Top 100 August 2008

  2008 marks the 100th year of publishing for Flight International and the third year of PwC association with the Top 100 list.

  1.6 MB PDF file | Free download
• Predicting the unpredictable
  Predicting the unpredictable: Protecting aerospace & defence companies against fraud, reputation and misconduct risk

  This white paper provides step-by-step guidance to aerospace and defence companies on how to develop an effective antifraud program, which goes beyond financial statement risk to cover such areas as reputation, operational, legal and strategic risks. While it may not be possible to eliminate the risk of fraud altogether, with proper planning, policies and procedures, a company can at least identify it early and minimise its damage.

  1.18 MB PDF file | Free download
• A&D technical alert: Contractor code of business ethics and conduct
  A&D technical alert: Contractor code of business ethics and conduct

  The risk assessment involves both legal (e.g., FCPA, Buy America Act, Procurement Integrity, Truth in Negotiations Act and Conflicts of Interest) as well as accounting (cost accounting, estimating, time charging, billing and indirect rates) areas. Our subject matter specialists can assist with conducting a risk assessment using our extensive resources including a data collection and risk reporting tool, as well as evaluating the effectiveness of compliance programs.

  1.18 MB PDF file | Free download
• Civil aerospace in the 21st century: Business as usual...or a fresh start?
  Civil aerospace in the 21st century: Business as usual...or a fresh start?

  In this paper, we take a closer look at Civil Aerospace. We discuss the factors that shaped the industry since its pioneering early days and assess the impact of the traumatic events at the end of the 20th century.

  1.45 MB PDF file | Free download
• Flying high: Aerospace and defence M&A
  Flying high: Aerospace and defence M&A

  The last couple of years have been exciting times to be involved in the A&D sector. The total value of disclosed transactions in the sector reached $33bn in 2006, comfortably the highest level since 2000.

  5.18 MB PDF file | Free download