Stephen Perry, a co-founder and managing director at aerospace and defense investment firm Janes Capital Partners, knows where he is looking for Boeing's next big aftermarket-related merger and acquisition (M&A)— and so far he has been right.A year ago when Boeing Global Services formally began operations, Perry named some appealing acquisition targets he thought Boeing could roll up as part of its goal of reaching $50 billion in annual aftermarket and services revenue by the early 2020s. High on his list was aerospace consumables and logistics services provider KLX.Sure enough, on April 30, Boeing announced its $3.2 billion takeover of KLX Aerospace. Now, Perry says, watch TransDigm Group-itself a serial aerospace and defense (A&D) acquirer, spending at least $660 million to date this year-as well as another active acquirer, Heico. Also keep an eye on MRO-leader AAR and training-specialist CAE.Time will tell if Perry is right about these being Boeing targets, but he has lots of company in the guessing game. Boeing's acquisition of KLX and its recent announcement of a roughly $3.8 billion offer for Embraer's commercial side are just the latest examples of eye-catching deals from different corners of A&D. Together they are forming a tsunami of M&A deal-making across A&D and the government information technology and services sectors that is reshaping the industrial landscape.Several annual reports from consultant companies and interviews with a half-dozen investment bankers indicate that this is the hottest M&A market in at least a decade, and deal-makers say it is the busiest perhaps in their careers. M&A is surging and may be on its way to new levels. From Ametek to Zodiac Aerospace; from aerostructures to the aftermarket to artificial intelligence (AI); and from small, founder-owned boutiques to publicly traded government primes such as Rockwell Collins or Orbital ATK. Like Perry, many advisors are wondering who is next?
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机译：航空航天和国防投资公司Janes Capital Partners的联合创始人兼董事总经理Stephen Perry知道他在寻找波音公司下一个大型的与售后市场相关的并购（M＆A），到目前为止，他是对的。当波音全球服务部正式开始运营时，佩里提出了一些颇具吸引力的收购目标，他认为波音公司有可能实现这一目标，作为其到2020年代初实现每年500亿美元的售后市场和服务收入目标的一部分。航空航天消耗品和物流服务提供商KLX排在他的榜首。果然，4月30日，波音公司宣布以32亿美元的价格收购KLX Aerospace。佩里说，现在，看着TransDigm Group本身就是一个连续的航空航天与国防（A＆D）收购方，今年迄今至少花费了6.6亿美元，还有另一个活跃的收购方Heico。还要注意MRO负责人AAR和培训专家CAE.Time会告诉佩里，这些作为波音目标是否正确，但他在猜谜游戏中有很多陪伴。波音公司对KLX的收购及其最近宣布以38亿美元收购巴西航空工业公司的交易，仅是A＆D各个角落引人注目的交易的最新例证。它们共同构成了A＆D与政府信息技术和服务部门之间的并购交易海啸，重塑了工业格局。咨询公司的几份年度报告以及对六家投资银行家的采访表明，这是最热门的并购市场至少有十年的时间，交易者说这可能是他们职业生涯中最繁忙的一天。并购风起云涌，并可能正在迈向新的高度。从Ametek到Zodiac Aerospace；从飞机结构到售后市场再到人工智能（AI）；从创办人拥有的小型精品店到罗克韦尔·柯林斯（Rockwell Collins）或Orbital ATK等公开交易的政府总理。像佩里一样，许多顾问都想知道下一个是谁？
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