The second quarter of 2019 was most significantly marked by the $52 billion mega-merger. This transaction will create a roughly $74 billion revenue company, the second largest aerospace player in the US. With minimal exposure to overlapping product offerings, we would not expect significant divestitures coming out of the deal, but the combination may spur additional activity as competitors seek to gain size. Outside of this highly notable transaction, deal making recovered nicely from a slower first quarter and was relatively consistent with the broader historical trend.
“While one megadeal is the highlight for the quarter, we believe it is equally important to appreciate the underlying ‘normal’ deal flow and the lack of its recovery from a slower first quarter of the year.”
Aerospace and Defense Deals Leader, PwC US
Aerospace and Defense Leader, PwC US