Aerospace and Defense Update: Third Quarter 2011Deloitte Corporate Finance LLC |
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This quarter’s Aerospace & Defense Update, produced by Deloitte Corporate Finance LLC (DCF), summarizes the most recent transactions within this industry along with information on the most active buyers, current transaction valuation multiples and an overview of the public market’s perception of the industry.
Highlights include:
- A&D YTD 2011 announced deals decreased by 15%, compared to the same timeframe in 2010. However, total deal value increased by 66%, largely driven by the United Technologies-Goodrich deal.
- Commercial aircraft orders appear to be returning to similar levels experienced prior to the economic downturn.
- With Brazil’s rapidly growing economy and increasing global recognition, the Brazilian A&D industry is undergoing rapid growth and expansion, as evidenced by the government’s announced plans to modernize and upgrade its armed forces, as well as stimulate the expansion of Brazil’s domestic commercial aerospace market. Additionally, given the rise in the Brazilian government’s defense investment and spending, joint ventures are likely to accelerate with control transactions coming increasingly into play.
Download the Aerospace & Defense Update below.
Aerospace & Defense update: Q3 2011
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