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KippsDeSanto MarketView Spring 2023
KippsDeSanto, an investment bank specializing in defense and government technology, has published a report on M&A trends for the first quarter of 2023. Defense deal volume declined slightly in 1Q23 from 4Q22; however, the outlook for 2023 remains positive as global defense spending has remained strong. Government Technology Services deals increased in 1Q23, driven by next generation capabilities and companies prioritizing scalability through M&A.