Aurignac Finance is pleased to present the Aerospace & Defense market review covering the 3rd quarter of 2026.
We are pleased to share with you our A&D market report covering Q3 2026. This 14th includes analyses of topics we have been particularly exposed to over the past several months in our day-to-day involvement on M&A transactions in the A&D sector.
First, we are seeing increasing interest from financial investors in this sector, which offers attractive characteristics in terms of value creation potential—particularly strong growth and a need for consolidation. The availability of financing in Defense from private equity funds in France has become well-established over the past two years (In-depth #1) and is contributing to consolidate the industry on a national and pan-European levels. The last A&D transaction we have advised is a perfect example of this current trend.
Among the sectors that have become particularly attractive to investors is precision engineering, where we can identify four distinct consolidation models in the market (In-depth #3), mostly supported by private equity funds.
Finally, in recent months we have observed strong interest from Indian industrial players in expanding or strengthening their presence in the aerospace and defense sectors. We have conducted a brief analysis of the valuation levels of listed Indian groups specializing in A&D or with a strong presence in these sectors (In-depth #2).
To receive the full version, send a mail to Raphaël Brenier at r.brenier@aurfi.com
