Synopsis
• The report gives a snapshot of the deal activity trends in the defense industry in December 2011
• The report provides an overview of the deal activity across various deal types in the month of December 2011 in terms of deal type, segment and region.
• The report provides data on deal activity across various segments in the defense industry in the month of December 2011, in terms of deal size.
• The report gives an insight into the rationale for deal making during December 2011.
• The report details the main deals reported in December 2011.


Summary
This monthly report provides the reader with the top-line data necessary to quickly keep abreast of the deal activity in the defense market on a monthly basis.

Scope
The ‘December Monthly Deals Roundup - Defense’ report provides a review and understanding of mergers and acquisitions (M&A), capital-raising and partnering deals and agreements entered into by defense companies during December 2011.

Reasons To Buy
Using this report, dealmakers will effectively and efficiently gain an insight into the deal activity throughout the month. The report provides an overview of all the partnering, alliances and M&A deals announced worldwide.

Key Highlights
Deal volume decreased by 17% in the defense industry, from 47 transactions in November 2011 to 39 in December 2011.
Deal value declined from US$4.87 billion in November 2011 to US$1.1 billion in December 2011.
In December 2011, the aerospace products and parts manufacturing channel accounted for 44% of the total volume of deal activity, followed by the C4ISR electronics and IT channel which contributed 36%.
In terms of deal value, the C4ISR electronics and IT channel accounted for 45% of the total deal value in December 2011.
In December 2011, the North American region recorded the highest volume of deal activity, representing 67% of the total deal volume.
In value terms, the North American region dominated representing 87% of the total deal value reported in December 2011.
In December 2011, the majority of deal activity was below the US$100 million range.
In December 2011, deals in the defense industry were primarily undertaken with the objective of business expansion through inorganic growth, which was the rationale behind 69% of the total transactions.
 

1-Introduction
1.1-What is this Report About?
1.2-Definitions
1.3-Summary Methodology
2-Analysis
2.1-US M&A activity centered around domestic companies
2.2-Deal activity declined in December
3-Deal Volume and Value Analysis
3.1-By Deal Type
3.2-By Channel
3.3-By Region
3.4-Deals in Active Markets
3.5-Deal Size Analysis
3.6-Deal Rationale Analysis
3.7-Main Deals
4-Appendix
4.1-Methodology
4.2-Contact Us
4.3-About ICD Research
4.4-About Strategic Defence Intelligence
4.5-Disclaimer

List of Tables
Table 1: Active Regions, December 2011
Table 2: Deal Size Analysis, December 2011
Table 3: Main Deals, December 2011
Table 4: Main PE/VC Deals, December 2011
Table 5: Main Capital-Raising Deals, December 2011
Table 6: Main Cross-Border M&A Deals, December 2011
Table 7: Main Deals in Emerging Markets, December 2011
Table 8: Main Rumor Deals, December 2011

List of Figures
Figure 1: Deal Volume by Deal Type, December 2011
Figure 2: Deal Value by Deal Type (US$ Million), December 2011
Figure 3: Deal Volume by Channel, December 2011
Figure 4: Deal Value by Channel (US$ Million), December 2011
Figure 5: Deal Volume by Region, December 2011
Figure 6: Deal Value by Region (US$ Million), December 2011
Figure 7: Analysis of Deals by Deal Rationale (%), December 2011