CSP is pleased to announce three transactions that highlight the trends we are seeing in the aerospace, defense and government markets. As we noted in our June 2012 update, the level of commercial aviation M&A activity remains high among both strategic and financial buyers, and correlates with continued order demand and rising build rates in the commercial transport segment.
Despite the risk of defense budget sequestration, contractors positioned on selected military aircraft and tactical weapons programs – notably including platforms with international customer exposure – are seeing solid bookings and a relatively favorable outlook. The government technical services sector faces increased uncertainty as customer budget constraints, reduced overseas operating tempo and the threat of sequestration slow the pace of contract awards – placing a premium on contractors who are positioned to perform well in this challenging environment.
