M&A at Hogan Lovells

Aerospace, Defense, and Government Services

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ADG dealmaking over the course of 2019 consisted primarily of bolt-on transactions that underpinned broader growth strategies.

The total value of deals in the ADG sector increased significantly in 2019, largely as a result of the mega UTC-Raytheon transaction. Strategic acquirers continued to represent a majority of buyers in the sector, even as private equity sponsors played an increasingly important role in ADG transactions.

In 2019, our ADG sector group continued to publish our monthly Hogan Lovells ADG Insights publication, providing perspectives on key legal and political issues facing the sector, including supply chain management, cybersecurity, artificial intelligence, space
policy, antitrust and competition considerations, and False Claims Act developments in the United States.

We also partnered with the Information Technology Industry Council to host a Cybersecurity Maturity Model Certification briefing featuring representatives from the U.S. Department of Defense (DOD) and providing an update on the new framework and requirements for defense contractors to become certified by the DOD as cybersecurity compliant.

250+

Aerospace, Defense,
and Government Services
lawyers

Band 1

Public Procurement
Chambers UK, 2019

In 2019, Hogan Lovells advised on the following
ADG transactions, among others:

Airbus

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Airbus

We advised Airbus, an international pioneer in the aerospace industry, on its acquisition of MTM Robotics, a technology company that designs, manufactures, and installs automated assembly and control systems. The acquisition is of strategic importance to Airbus’s industrialization roadmap, aimed at leveraging the time and cost-saving benefits associated with using robotics in the manufacture and assembly of its commercial aircraft. A New York and Washington, D.C. team led this transaction, with support from our commercial, intellectual property, international trade, employee benefits, employment, real estate, and tax practices.

Groupe ADP

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Groupe ADP

We advised Groupe ADP, an airport developer and manager, on its acquisition of an equity stake in Innov'ATM, an air traffic management optimizer, and its acquisition of Merchant Aviation, a full-service aviation consulting firm focusing on airport development initiatives. The acquisitions align with Groupe ADP's strategy of strengthening the operational performance of its airports' aeronautical activities and its international expansion. Lawyers in our Paris and Washington, D.C. offices led these transactions, with support from our employee benefits, employment, intellectual property, and tax practices.

Luxaviation Group

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Luxaviation Group

We advised Luxaviation Group, one of the world’s largest private aircraft operators, on its sale of the worldwide maintenance activities of its affiliate ExecuJet to Dassault Aviation. The sale allows Luxaviation to refocus on its core aviation services and to further concentrate on innovation and investment worldwide. Lawyers in our London office led this transaction, with support from our Moscow, Beijing, Dubai, Luxembourg, Johannesburg, Paris, Perth, and Sydney offices and antitrust, commercial, intellectual property, and projects practices.

Norwegian Air Shuttle

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Norwegian Air Shuttle

We advised Norwegian Air Shuttle, one of the world's largest low-cost airlines, on its joint venture with CCB Leasing (International) Corporation DAC, a wholly-owned subsidiary of China Construction Bank Corporation. The joint venture, whose purpose is to finance, own, and lease up to 27 A320neo family aircraft that Norwegian has on order from Airbus, strengthens Norwegian's financial position, reducing both current and future capital expenditure and sharing risk. A team of lawyers in our London office led this transaction.

“Highly regarded multidisciplinary group … Counsels government contractors on complex business transactions, including M&A.”

Chambers USA, 2019

ADG market statistics as published in Hogan Lovells Deal Dynamics

14%

14%

Increase in global deal volume
(2019 vs. 2018)

534%

534%

Increase in global deal value
(2019 vs. 2018)

US$117.5bn

US$117.5bn

Aggregate global deal value
(2019)

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M&A Year in Review | 2019

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