Industry Update: Aerospace & Defense
VRC is proud to release its latest Industry Report. The report provides a concise, insightful update on the Aerospace & Defense industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
- On June 24, 2021, HEICO Corporation announced that its Flight Support Group acquired 80.1% of the operating assets of Camtronics LLC for cash at closing. Additional financial details were not disclosed. Camtronics is an FAA Part 145 repair station with extensive proprietary FAA-DER repairs. The company serves
a variety of domestic and international commercial and cargo airlines.
- On April 27, 2021, Spirit AeroSystems announced the acquisition (through a subsidiary) of the assets of Applied Aerodynamics, a high-quality composite maintenance, repair, and overhaul company based in Farmer Branch,
Texas. The acquisition expands Spirit’s existing MRO infrastructure in the region with the addition of Applied Aerodynamics’ expertise, workforce, defense scope of work, and 120,000-square-foot facility.
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