Europe’s Aerospace & Defense M&A cycle is entering a new phase

Aerospace & Defense newsletter

Investors are actively looking for opportunities in aerospace, defense, security and dual-use technologies

Europe’s aerospace and defense sector is entering a structurally stronger investment and M&A phase, driven by geopolitical uncertainty, rising defense budgets and the push for strategic autonomy.

Buyers are increasingly focused on securing mission-critical technologies, resilient supply chains, domestic industrial capacity and capabilities that support European sovereignty.

Recent deal activity reflects demand for areas such as cyber, autonomous systems, sensors, secure communications, propulsion, ammunition and space infrastructure. Public market valuations also show growing momentum, with European A&D multiples converging toward US levels. Space situational awareness is emerging as a key growth segment at the intersection of space, defense and advanced technology.

The next wave of Aerospace & Defense M&A will be driven by the need to secure critical technologies, retain strategic innovation within Europe, strengthen supply chains and expand industrial capacity rather than simply gaining scale. JAN-PIETER VAN DOORN, HEAD OF AEROSPACE AND DEFENSE AND TECHNOLOGY SECTOR SPECIALIST

The newsletter includes:

  • A market summary of European A&D fundamentals and M&A activity
  • Recent transaction trends and consolidator strategies
  • Valuation developments across European and US A&D companies
  • An interview with Kirsten Drost, CCO of S[&]T
  • A spotlight on space situational awareness as strategic infrastructure

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Jan-Pieter van Doorn Amsterdam, The Netherlands
Director

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