Defense & Aerospace M&A Hit 370 Deals & $40B in 2006

InfoBase/DACIS’ “Defense Mergers & Acquisitions” reports that worldwide defense and aerospace companies completed M&A deals worth more than $40 billion in 2006, with a total of 370 transactions completed. The top 5 deals accounted for only 32% of the total value for the year. As a comparison, during the record year of 1999 the top 5 deals accounted for 77% of the year’s $65 billion. Editor Stuart McCutchan explains this by saying:

“Defense spending remains at historic highs, and the commercial aerospace marketplace is at full stride. Industry players are flush with cash, and private equity money is pouring into the marketplace. In 2007 we could see the 1999 record finally eclipsed. [173] Deals worth $25 billion have already been announced or completed — by far the fastest start we’ve seen this decade.”

See release. The full list of deals is available only to DACIS site memberships or trial evaluations… though DID readers can find a partial list in our M&A category.