Global defence mergers and acquisitions reached a record high in the first half of 2026, with new analysis from international law firm White and Case revealing a 56% surge in deal activity as governments accelerate rearmament and investors race to secure positions in the technologies reshaping modern warfare. According to the analysis, 42 transactions were completed globally in H1 2026, up from 27 in the same period last year. While deal volumes hit record levels, aggregate values remained broadly stable at £2.7 billion, compared with £2.8 billion in H1 2025, reflecting a market characterised by high transaction frequency rather than…
