The report below gives a good overview of the fourth quarter M&A activity in the Aviation, Aerospace and Defense Industry Sector. M&A activity for North American target companies in the Aerospace and Defense sector Q3 2018 included 11 closed deals, according to Factset Research.
One of the notable middle market transactions was announced in September when Boeing acquired Millennium Space Systems, Inc. for an undisclosed amount. Following the transaction, Millennium Space Systems Inc will be rebranded as Millennium Space Systems, A Boeing Company. The acquisition expands Boeing’s satellite and space portfolio, talent and capabilities. Founded in 2001, Millennium Space Systems is located in El Segundo, CA and develops high-performance spacecraft parts. It has approximately 260 employees .Industry Update
- US corporate profits, which affect airline traffic and demand for new commercial aircraft, rose 7.7% in the second quarter of 2018 compared to the same period in 2017.
- US steel mill product prices, an indicator of commodity steel costs for aerospace products, rose 18.1% in September 2018 compared to the same month in 2017.
Posted by Daniel Sirvent.
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