We are pleased to announce the launch of our latest A&D thought leadership Flying high
, a review of M&A activity and key trends within the global A&D sector by PwC transaction services.
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.
What is now beginning to emerge after the turmoil of the first half of the decade is a strengthened industry, growing with renewed vigour and with a truly global appetite for M&A activity.
Our clients within the A&D industry, governments and the financial community frequently seek our advice on the broad industry themes underpinning many of these recent transactions. In this document, we aim to give you a taster of some of the key trends we are identifying and where we feel the Aerospace and Defence M&A market is heading over the next few years.
The key observations that we explore in this paper are:
- Transatlantic money flows set to resume
- Outsourcing by the platform and engine primes
- Smart tier 2/3 suppliers using M&A to gain scale and scope
- Reacquisition of key technologies by leading companies
- Private equity participating actively