What We’re Reading

Harris Williams ADG Transaction Spotlight

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Harris Williams Advises Elliott Aviation, LLC on its Majority Recapitalization by Summit Park

Serving the business aviation industry nationally and internationally, Elliott Aviation offers a complete menu of high-quality products and services including aircraft sales, avionics service and installations, aircraft maintenance, accessory repair and overhaul, and paint and interiors.

View the full press release.

 
 

A Year of Opportunity and Challenges for MRO

“A word for the robust commercial aviation aftermarket—pegged at $82.5 billion in 2020 by Aviation Week Network forecasts—could be many things: opportunistic, constrained, innovative, challenging or optimized.”

Aviation Week

U.S. Bizav Flying Ends 2019 on a High Note

“Business aircraft flights in North America and the Caribbean soared 6.9 percent year-over-year in December as weekend activity surged by nearly 23 percent during the month, according to TraqPak data released yesterday by Argus. The company predicts that flying this month will increase 5.8 percent from a year ago.”

AIN Online

4 Areas Where the DoD Could Make Tech Development Easier

“In recent years, Silicon Valley technology companies and the like have sounded off about the challenges involved in working with the Pentagon ― from archaic approaches to software development to the snail’s pace of procurement. But even if sweeping reform is not in the cards anytime soon, what can the Department of Defense do in the immediate future?”

Defense News

Lines Blur Between Traditional and Non-Traditional Players

“Words such as ‘traditional’ and ‘non-traditional’ are evolving with respect to how companies pursue government market share and which areas they pursue, plus how agencies engage with industry.”

Washington Technology

Perspective on Public Marketsa,b,1

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Recent M&A Transactions2

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picture1_352.pngIndicates disclosed enterprise values in millions USD, unless denoted with “B” (billion)

a. Current stock prices in USD as of 1/31/20

b. Aircraft OEMs: BA, BBD.B, EADS, ERJ

         Aerospace Supply Chain & Aftermarket Support: AIR, ARNC, ATRO, B, DCO, HEI, HRX, HXL, KAMN, MAL, MGGT, MOG.A, ROLL,
         SAF, SIG, SNR, SPR, TDG, TGI, WWD

         Diversified Industrial: AME, CR, CW, ETN, GE, HON, PH, RR, TXT, UTX

         Defense Prime Contractors: BA, BAE, EADS, GD, HO, HII, LMT, NOC, RTN

         Defense Technologies: AVAV, CHG, CMTL, CUB, ESLT, FLIR, KTOS, LHX, MRCY, TDY, ULE

         Government Services: BAH, CACI, LDOS, MANT, SAIC, VEC

         Diversified Services: ACM, BAB, FLR, GIB, ICFI, J, KBR, SRP

 

1. CapitalIQ

2. Mergermarket

 

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