Top 10 Financial Advisors in the Aerospace and Defense Industry in the World in 2021 by Deal Value

Morgan Stanley, Rothschild & Co SCA, Bank of America Corp, JPMorgan Chase & Co, and The Goldman Sachs Group Inc are among the top 5 financial advisors in the aerospace and defense industry in 2021 by deal value. In terms of the geographic split, 6 out of 10 of the world’s top 10 financial advisors in the aerospace and defense industry are headquartered in North America and whereas the remaining 4 are based in Europe. They employed a total of 973,748 people in 2021. The Amentum Services-PAE deal was one of the major deals in the aerospace and defense sector in 2021. Cravath, Swaine & Moore LLP served as financial advisor to Amentum Services Inc, while Morgan Stanley & Co. LLC served as exclusive financial advisor to PAE’s in the Amentum Services Inc- PAE Inc deal. Amentum Services Inc, a government services contractor, has acquired Pacific Architects and Engineers Inc. (PAE Incorporated), a defense and government services contractor, in an all-cash transaction valued at approximately $1.9 billion, including the assumption of debt and certain fees. The deal was completed in Q1 2022. Parker Hannifin-Meggitt deal was another major deal in the aerospace and defense sector in 2021. Citigroup Global Markets Limited served as financial advisor to Parker, while Rothschild & Co, Morgan Stanley & Co. International plc, and BofA Securities served as the exclusive financial advisor to Meggitt. Parker Hannifin Corp, a US-based motion and control technologies, has acquired the entire issued and to-be-issued ordinary share capital of Meggitt PLC, an aerospace & defense motion and control technology company. Under the terms of the transaction, each scheme shareholder will receive GBP8 for each Meggitt share in cash. valuing Meggitt's existing issued and to be issued ordinary share capital at approximately GBP6.3 billion on a fully diluted basis. The implied IFRS enterprise value for Meggitt of GBP7.3 billion incorporates the US GAAP enterprise value of GBP7.1 billion, plus total lease liabilities of GBP163.9 million. The deal was completed in Q3 2022.