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Aerospace And Defense 2009 Merger Values Lowest In Decade, PWC Reports

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By Calvin Biesecker Deal prices for the global aerospace and defense sector in 2009 were the lowest in the past decade, with values last year down over 60 percent from 2008, PricewaterhouseCoopers LLP (PWC) says in a new report. PWC says that in 2009 the average size of deals $50 million and higher fell 27 percent to $379 million from $519 million in 2008. Moreover, the total value of deals in 2009 declined 62 percent to $7.9 billion from $20.8…

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