In the global aerospace & defence industry, there were 46 M&A deals announced in Q1 2024, worth a total value of $1bn, according to GlobalData’s Deals Database. The $600m acquisition of Terran Orbital by Lockheed Martin was the industry’s largest disclosed deal. GlobalData’s Aerospace, Defense and Security Industry Mergers and Acquisitions Deals by Top Themes in Q1 2024 report helps understand the transformative themes fueling M&A activity in the industry. Buy the report here.

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In value terms, M&A activity decreased by 74% in Q1 2024 compared with the previous quarter’s total of $3.9bn and fell by 69% as compared to Q1 2023. Related deal volume increased by 12% in Q1 2024 versus the previous quarter and was 19% lower than in Q1 2023.

Notably, robotics-related deals accounted for a 20% share of the global aerospace & defence industry’s M&A activity in Q1 2024, up 29% over the previous quarter.

The top-ranked financial advisors supporting these M&A deals in Q1 2024 were Jefferies Financial Group; Clairfield International; G Squared Capital Partners with 2, 1, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q1 2024 were Cuatrecasas, Goncalves Pereira; Gibson, Dunn & Crutcher; Holland & Knight with 1, 1, 1 deals respectively.

For further understanding of GlobalData's Aerospace, Defense and Security Industry Mergers and Acquisitions Deals by Top Themes in Q1 2024 – Thematic Intelligence, buy the report here.

This content was updated on 23 April 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.