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Aerospace And Defense M&A Activity Reached Seven-Year High In 2007, Report Says

By Calvin Biesecker Merger and acquisition (M&A) activity in the global aerospace and defense (A&D) market reached $30.8 billion in 2007, a seven-year high and $1.6 billion increase over 2006, with transactions in the United States accounting for nearly two-thirds of the deal value, according to a new report by the accounting firm PricewaterhouseCoopers. While the deal activity last year was still well below the $50 billion recorded in 2000, which was driven by large transactions such as Northrop Grumman's…

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