A quarterly report by PwC shows that global M&A activity in the aerospace and defense sector "rose from $10.9 billion in 2009 to $20.2 billion in 2010, nearly doubling year-over-year." An accompanying press release summarizes some main points, including interesting commentary about the continued trend toward international, less U.S.-centric deal activity:
"The fourth quarter Mission control report takes a closer look at how globalization is accelerating within the aerospace and defense (A&D) industry. With an established international customer base, the A&D industry is positioned to overcome globalization challenges and reap benefits in commercial markets in Asia-Pacific and defense markets in the Middle East and Asia. Additionally, A&D supply chain markets are opening up in India, Mexico, and Turkey, as well as China, for commercial aerospace, as most emerging country governments also view foreign investment as an important source of capital for their economies.
As military alliances evolve and create opportunities for North American and European companies outside their home markets, defense exports from Western Europe and North America have increased dramatically to Saudi Arabia, the United Arab Emirates, Turkey, Pakistan, Singapore, the Baltic States, Qatar, Malaysia, and Japan."