As anyone who follows the industry can tell you, mergers and
acquisitions activity in the aerospace and defense industry has
remained robust over the past decade. In 2019 alone, there were 460
corporate acquisitions in this sector. And while a slowdown in 2020
deal activity is certainly expected as a result of the COVID-19
pandemic, results for at least the second quarter remained strong,
with 84 deal closings. Further, analysts project that activity in
certain subsegments of the industry, including defense, space
technology and cyber security, will remain vigorous for the
foreseeable future, at least partially offsetting any declines in
commercial aerospace transactions.
But much like the machines they produce, acquiring an A&D
company is complex and requires significant investment of both time
and money to be done properly. So just as a pilot would perform a
pre-flight check before takeoff, there are steps that a savvy buyer
or seller of an A&D company can take to
