Q1 2024 Aerospace and Defense Industry Update

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GCG’s Q1 2024 A&D Industry Update provides an overview of the latest trends in the sector, including recent equity market performance, valuation multiples, and transaction activity.

Key findings include the following:

  • On Jan. 5, an Alaska Airlines Boeing 737 MAX 9 experienced a “plugged” emergency exit door flying off mid-flight, prompting a series of quality and process examinations
  • The US Army announced that it will halt the Future Attack and Reconnaissance Aircraft (FARA) program, redirecting funds to expedite the upgrade of Boeing Chinook CH-47s while maintaining plans to develop new attack helicopters and next-generation unmanned aircraft by 2030
  • Ethiopian Airlines signed an MOU for eight 777-9s, with the potential to expand this to 20 aircraft
  • The 2024 Defense budget was signed into law on March 25 at $825 billion of total funding, after months of operations under a continuing resolution
  • The Defense Department made an initial $850 billion request for fiscal 2025

Click here for the full update.


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