Sequester squeezing defense valuations

Defense firms' valuations are dropping as sequestration casts a shadow over the industry, leaving companies that were seeking sales in a difficult position. "What we have seen is a real retraction in defense [mergers and acquisitions] since the threat of sequestration first emerged in August 2011," said Scott Thompson, head of the aerospace and defense practice at PricewaterhouseCoopers. Defense company valuations have fallen from a peak of 14.8 times EBITDA to as low as a multiple of 8.7.

View Full Article in:

Wall Street Journal (tiered subscription model), The

Published in Brief:

SmartBrief Job Listings for Government & Nonprofit

Job Title Company Location
Business Development Advisor, Nicaragua
Cuso International
Managua
Manager, Corporate Events
Aerospace Industries Association
Arlington, VA
Liaison Engineer
Aerospace Quality Research and Development
Columbus, OH
Press Secretary
Aerospace Industries Association
Arlington, VA
Executive Director
FreeState Legal Project
Baltimore, MD