Aerospace / Defense & Government Services 2023 M&A Survey

This past year was another strong year for mergers and acquisitions activity in the Aerospace, Defense Products and Technology, and Government Services sectors. While the total number of announced deals in 2022 decreased compared to the record number of deals in 2021, this activity reflected a reversion back to more historical norms of M&A activity established over the past several years. This return to historic norms in 2022, the protraction of the Russia / Ukraine conflict and continuation of broader macroeconomic influences, drives our curiosity to understand dealmakers’ views on M&A activity and valuations for 2023.