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Defense and Government Services
Q3 2018 Public Market Valuations: EV/EBITDA
12
Aerospace
Defense Prime Index
Defense Systems Index
Diversified Gov. Services
Middle Market Index
Large Cap Aerospace Index
Mid Cap Aerospace Index
Small Cap Aerospace Index
International Aerospace Index
18.6x
18.1x
16.0x
15.8x
15.8x
BA
NOC
LMT
GD
RTN
20.4x
18.6x
18.4x
17.5x
14.0x
12.2x
COL
BA
AME
TDG
TXT
UTX
33.2x
19.0x
14.0x
9.2x
6.8x
KTOS
KEYW
ICFI
VEC
VSEC
18.9x
15.1x
15.0x
14.0x
12.4x
12.0x
MANT
CACI
BAH
SAIC
LDOS
EGL
30.4x
15.2x
14.6x
14.4x
12.0x
10.1x
8.5x
HEI
CW
HXL
SPR
MOG.A
ESL
DGI
21.8x
21.7x
20.0x
16.6x
15.3x
TDY
FLIR
CUB
HRS
LLL
18.0x
17.9x
12.6x
12.4x
10.6x
9.8x
6.4x
6.0x
BBD.B
SAF
NYSE:AIR
HO
MGGT
RR.
EMBR3
LDO
53.2x
17.7x
14.5x
12.6x
10.8x
10.8x
8.6x
AVAV
ATRO
WAIR
AIR
I
AJRD
TGI