sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Mergers and Acquisitions »
 How investor confidence, other factors are leading the Indian deals landscape
 M&A deals steady in Indian auto sector
 CCI launches online guidance system for merger & acquisitions
  Deals Of The Day-Mergers And Acquisitions July 16, 2018
  Deals Of The Day-Mergers And Acquisitions July 16, 2018
 Deals Of The Day-Mergers And Acquisitions July 16, 2018
 Deals Of The Day-Mergers And Acquisitions July 13, 2018
 Deals Of The Day-Mergers And Acquisitions July 11, 2018
 Deals Of The Day-Mergers And Acquisitions July 5, 2018
 CCI launches online guidance system for merger and acquisitions
 Vodafone-Idea merger: No delay from government’s side, says Manoj Sinha

Firms rein back spending on M&A
February, 22nd 2010

MERGER and acquisition activity in the aerospace and defence sectors remained at near-record levels in 2009, though the value of completed deals plummeted as firms reined in their acquisition budgets, new research from accountancy firm PricewaterhouseCoopers has shown.

The value of deals in the sector more than halved over the past year to $10bn (6.5bn), its lowest level of the decade. Among larger mergers and acquisitions worth above $50m, the average deal value fell from $519m in 2008 to just $379m in 2009, reflecting increased worries around programme cost delays and overruns, lower orders for large military platforms and reduced passenger and freight travel.

Around 90 per cent of the total M&A value was generated in the US, Asia and Oceania, due to the dominance of American companies in the sector and the growing influence of emerging economies.

Neil Hampson, PwCs global aerospace and defence leader, said: As we look ahead into the new decade, small and strategic is likely to remain the name of the game in the short term, but major restructuring forces are likely to be felt increasingly strongly in the long term with consequent implications for deal strategies and values.

With cash-rich balance sheets and improved fundamentals, businesses are likely to continue using the M&A market as a means to fill gaps in existing portfolios, expand and maintain market share and address the shift in defence priorities.

The largest aerospace and defence deal to be completed last year was the sale of defence contractor Northrop Grummans TASC advisory services business to an investor group led by General Atlantic, for $1.65bn. The second largest was Boeings $1bn purchase of a production facility from Vought Aircraft Industries.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions