Airbus SE and Boeing Co.’s record output of jetliners is spurring a blistering pace of mergers among aerospace suppliers as companies seek growth to keep up with demand, according to a Lazard Ltd. investment banker.
The market for deals, which reached an all-time high of $120 billion last year, is “extremely robust,” Michael Richter, head of aerospace and defense, said in an interview. As an indication of the high level of interest, he said he met more than 40 prospective buyers and sellers at last month’s Paris Air Show.
