Despite predictions that 2014 would see a boost in merger and acquisition (M&A) activity, aerospace and defense (A&D) companies have seemingly ramped up divestitures or consolidation of business units. This was the year that strategic M&A activity was supposed to pick up in earnest after being pushed off by the 2008 financial crisis, slow recovery and drawdown of U.S. wars. With a $5 billion union of Orbital Sciences and roughly half of Alliant Techsystems, B/E Aerospace’s ...

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