Defence and aerospace mergers & acquisitions highest for a decade

Mergers and acquisitions in the defence and aerospace sector have reached the highest level on record, with the aggregate global deal value topping $43.7bn, PwC has said. In 2002, there were only 173 deals, valued at $12.9bn (£7.6bn). Both the deal value and volume has broken all previous figures over the past ten years. Recently,…