Huge M&A deals: 10 largest mergers in the defense industry in the last 5 years

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Here is a summary of some of the most significant mergers within the defense sector over the preceding five years:

1. Raytheon and United Technologies (2019)

- Companies Involved: Raytheon Company and United Technologies Corporation

- Value: Approximately $121 billion

- Outcome: The amalgamation resulted in the establishment of Raytheon Technologies, a formidable entity in the domains of aerospace and defense, thereby augmenting competencies in defense systems and commercial aerospace.

2. Northrop Grumman and Orbital ATK (2018)

- Companies Involved: Northrop Grumman Corporation and Orbital ATK

- Value: $9.2 billion

- Outcome: This merger fortified Northrop Grumman's standing in the realms of space and missile defense technologies.

3. L3 Technologies and Harris Corporation (2019)

- Companies Involved: L3 Technologies and Harris Corporation

- Value: $33.5 billion

- Outcome: The merger culminated in the formation of L3Harris Technologies, which concentrates on communications, electronic warfare, and avionics.

4. BAE Systems and Collins Aerospace (2020)

- Companies Involved: BAE Systems and Collins Aerospace (a subsidiary of Raytheon Technologies)

- Value: $1.9 billion

- Outcome: This partnership broadened BAE's capabilities in electronic systems.

5. Lockheed Martin and Aerojet Rocketdyne (2020)

- Companies Involved: Lockheed Martin and Aerojet Rocketdyne

- Value: $4.4 billion

- Outcome: The objective of this merger was to enhance Lockheed's propulsion systems pertaining to missiles and space vehicles.

These mergers have predominantly yielded positive outcomes in terms of capability enhancement and market expansion, although they have also encountered regulatory scrutiny and integration hurdles. The defense sector continues to experience consolidation, propelled by the necessity for technological innovations and competitive strategizing.

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