Total aerospace & defense industry deals in Q4 2018 worth $24.04bn were announced, according to GlobalData’s deals database.

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The value marked an increase of 1605% over the previous quarter and a rise of 288.4% when compared with the last four-quarter average of $6.19bn.

In terms of number of deals, the sector saw a rise of 28.33% over the last four-quarter average with 77 deals against the average of 60 deals.

In value terms, North America led the activity with deals worth $23.69bn.

Aerospace & defense industry deals in Q4 2018: Top deals

The top five aerospace & defense deals accounted for 94.99% of the overall value in the sector globally during Q4 2018.

The combined value of the top five aerospace & defense deals stood at $22.83bn, against the overall value of $24.04bn recorded for the quarter.

The top announced aerospace & defense deal tracked by GlobalData in Q4 2018 was the $17.82bn merger of Harris of L3 Technologies.

In second place was TransDigm Group’s acquisition of Esterline Technologies for $4.14bn and in third place was Baillie Gifford &’s $500m private equity deal with Space Exploration Technologies.

Longview Aviation Capital’s $228m asset transaction with Bombardier Inc and Accident Compensation Corporation, Bessemer Venture Partners, DCVC Management Co, Future Fund, Greenspring Associates, K1W1, Khosla Ventures, and Promus Ventures’ venture financing of Rocket Lab USA for $140m held fourth and fifth positions, respectively.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.