Deal activity by volume related to cybersecurity increased by 21% year-on-year in 2023 in the aerospace & defence industry

A​​​​​​​nalysis of the key themes driving deal activity reveals that cybersecurity accounted for 171 aerospace & defence deals between 2019 and 2023, worth a total value of $29,987m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships.  

The, $1,000m asset transaction by Safran to acquire Raytheon Technologies -Collins Aerospace Business Unit – US, while the $6,400m private equity investment in Maxar Technologies by Advent International was the largest disclosed deal in 2022.  

In volume terms, cybersecurity related deal activity increased by 21% year-on-year in 2023 and remained flat year-on-year in 2022. 

Acquisition accounted for the highest number of deals in the last five years, with 67 deals, followed by Venture Financing (34 deals), Equity Offering (23 deals), Partnership (18 deals), Private Equity (14 deals), and Asset Transaction (11 deals).

The top financial advisors supporting deals related to cybersecurity in the aerospace & defence industry in the last five years in terms of value were Goldman Sachs & Co, Evercore, J.P. Morgan Securities, Morgan Stanley & Co, Citigroup, Jefferies, PJT Partners, KPMG International Coop, Grant Thornton, and Robert W Baird & Co.

The top legal advisors supporting deals related to cybersecurity in the aerospace & defence industry in the last five years in terms of value were Sullivan & Cromwell, Cravath Swaine & Moore, Blake, Cassels & Graydon, Hogan Lovells US, McGuire Woods, Wachtell, Lipton, Rosen & Katz, Fried, Frank, Harris, Shriver & Jacobson, Weil, Gotshal & Manges, Milbank, and Covington & Burling.