As Paris Air Show Opens, Worldwide Defense/Aerospace M&A in 2007 Reaches Record $33.2 Billion Level

June 19 - PRNewswire - Going into the Paris Air Show, M&A activity for the year is already running at record rates, with $33.2 billion in transactions announced or completed, according to Defense Mergers & Acquisitions (DM&A), the industry's premiere online news and analysis service focused on M&A activity in the defense, aerospace, and government technology sectors.

Of the 225 deals completed or in progress, 20 are by U.S. companies abroad (including the year's largest deal, GE's $4.8 billion acquisition of Smiths Aerospace). An even larger number of deals, 26, feature international buyers moving into the U.S. market. This total is dominated by the U.K. (with 14 deals), but also includes Canada (with 6), Scandinavia (3), the Netherlands (2), and the UAE (1). In terms of value, foreign buyers in the U.S. had the upper hand, with $12.8 billion worth of transactions, more than twice the $5.5 billion which American buyers spent outside the U.S. Read More.