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Investment Banking

Aerospace & Defense

The Aerospace & Defense Group has the Street's most experienced team of highly trained professionals focusing exclusively on the commercial and military aerospace and defense industries worldwide.

Our Aerospace & Defense Group is a recognized leader on Wall Street in all product categories, from M&A advisory to all forms of capital-raising. The group has strong relationships with the leading companies in the aerospace and defense sector globally, and has advised on most of the industry-shaping landmark M&A transactions of the past three decades, including:

  • Boeing's $16.3 billion Merger with McDonnell Douglas.
  • TRW's $11.9 billion Sale to Northrop Grumman.
  • Raytheon's $9.5 billion Acquisition of Hughes Aircraft.
  • Smiths' Aerospace $4.8 billion Sale to General Electric.
  • Raytheon Aircraft's $3.3 billion Sale to ONEX / GS Capital.
  • Newport News' $2.6 billion Sale to Northrop Grumman.
  • Booz Allen Hamilton’s $2.5 billion Sale of its Government Business to The Carlyle Group.
  • Aviall's $2.2 billion Sale to Boeing.
  • BAE Systems' $2.2 billion Acquisition of Lockheed Martin AES/Controls.
  • Thales' (formerly Thomson-CSF) $2.2 billion Acquisition of Racal.
  • Northrop Grumman’s $1.65 billion Sale of TASC to KKR/General Atlantic.
  • Veridian's $1.6 billion Sale to General Dynamics.
  • B/E Aerospace’s $1.0 billion Acquisition of Honeywell’s Consumables Solutions business.

Credit Suisse, the leading equity underwriter in aerospace & defense, has consistently played the pivotal lead role in the industry's most significant financings, including:

  • Joint bookrunner of SNECMA's EUR1.45 billion IPO, the largest IPO in aerospace / defense history.
  • Joint bookrunner of Spirit Aerosystems' $1.65 billion IPO, the largest non-privatization. aerospace/defense IPO in history and the largest aerospace / defense IPO in U.S. history, as well as its $1.1 billion follow-on equity offering.
  • Joint bookrunner of Raytheon's 1.1 billion and $1.2 billion equity offerings.
  • Joint bookrunner of Qinetiq's £618 million IPO.
  • Joint bookrunner of Hexcel's three follow-on equity offerings totaling over $800 million.
  • Joint bookrunner of B/E Aerospace's three follow-on equity offerings totaling $785 million.
  • Joint bookrunner of TransDigm's $375 million IPO and $350 million follow-on equity. offering.
  • Joint bookrunner of DynCorp's $375 million IPO and $165 million follow-on equity offering.
  • Sole bookrunner of Veridian's $250 million IPO.

Credit Suisse has long been the leader in high-yield finance for the aerospace/defense industry globally including:

  • Joint bookrunner of Hawker Beechcraft's $1.1 billion multi-tranche offering.
  • Sole bookrunner of TransDigm’s $425 million subordinated notes offering.
  • Joint bookrunner of Spirit’s $300 million senior notes offering.
  • Joint bookrunner of TransDigm's $300 million senior subordinated notes offering and sole bookrunner of $400 million senior subordinated notes offering.
  • Joint bookrunner of Hexcel's $225 million senior subordinated notes offering.
  • Sole bookrunner of B/E Aerospace's $175 million senior subordinated notes offering.

Credit Suisse's dedication to the aerospace/defense industry began in the late 1970's with the industry's first LBO- Congoleum (Bath Iron Works). Since then, Credit Suisse has succeeded with its Aerospace & Defense industry focus - longer than any other firm - a tradition that grows stronger every year.

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