Aerospace & Defense Deals Draw PE Crowd

Companies that make rockets, airplanes and machine guns continue to be a draw for private equity firms. So far this year there have been 31 announced M&A deals in the U.S. aerospace and defense sector, worth about $2.4 billion. Through August 19, 2009, there were the same number of deals, 31, but the transactions were valued roughly $1.9 billion, according to data from Thomson Reuters. Of the 31 aerospace and defense mergers this year, seven have involved private equity firms and totaled $485 million. In the year-ago time period, only five deals involved buyout shops (for the same time period), raising a meager $20 million.

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