PwC: Aerospace and defence sector mergers break records in 2011
PwC revealed merger and acquisition activity in aerospace and defence broke records in 2011.
Negotiation consultants could have been in high demand in the global aerospace and defence sector during 2011.
This is because recent research from PwC, entitled Mission Control, revealed the value of merger and acquisition activity in the industry hit a record high in the year, reaching $43.7 billion (£27.58 billion) with 341 deals taking place.
In 2010, the total deal value reached $21.9 billion, supported by 332 transactions, while the previous record for the sector was $42 billion, recorded in 2007.
PwC global head of aerospace and defence Neil Hampson explained larger transactions became more commonplace during 2011.
"We anticipate an elevated level of [merger and acquisition] activity in the year ahead, particularly in aerospace," he remarked, highlighting "fleet expansion in Asia and strong replacement demand in western countries" as the reason for this forecast.
Boeing is the top performer in the industry, the 14th annual Flight International/PwC Aerospace Top 100 report recently revealed.
Posted by Ken Hayes
Source: PwC press release, February 8th