Mission control: Third-quarter 2012 aerospace & defense industry mergers and acquisitions analysis
Mission control is a quarterly analysis of global merger and acquisition (M&A) activity in the aerospace & defense industry. Each edition includes a review of overall deal activity for the quarter and year-to-date, as well as a summary of large deals.
This quarter's analysis revealed:
- The quarter’s big news was the near merger between EADS and BAE Systems, which would have created a $100 billion revenue company.
- M&A activity remained restrained during the quarter, with overall deal volume declining. Deal value, however, increased.
- Deal activity in the United States increased, with acquirers focused on a variety of targets.
- Aerospace continues to be the major theme of sector M&A, with defense transactions restrained by uncertainty about the “fiscal cliff” and the future of defense spending.