By Mike Stone and Richard Tekneci in New York
Published: February 8 2008 21:58 | Last updated: February 8 2008 21:58
This article may be of interest to owners and operators. Of special note, Microsoft, Pleasant Valley, Kipps Desanto and Commerce Bank will be cohosting an evening on this topic on Feb 28th at the Tower Club – ideally suited for CEOs of Government Contractors business with revenues of $50M or more. For more information contact firstname.lastname@example.org
Article excerpt follows:
Defense companies are expected to undergo consolidation once the market finds a new price equilibrium, where sellers and buyers agree on new valuation levels, industry bankers and consultants told mergermarket. The looming prospect of a democratic president and questions surrounding US Department of Defense supplemental budget requests are making investors pause as defense company valuations could slip to lower levels in coming years. At the same time defense contractors are looking at exit strategies to preserve current valuations in the face of a presidential election and a potential down-sizing of defense procurement budgets in 2010 and beyond, industry sources said.