Kratos Defense & Security Solutions, Inc.
Kratos Defense Completes Acquisition of Orbit Technologies
Summary
Kratos Defense & Security Solutions, Inc. completed the acquisition of Orbit Technologies Ltd., a company organized under the laws of the State of Israel, for approximately $352.7 million in cash. The purchase price was determined at $13.725 per Orbit ordinary share. Following the merger, Orbit will become an indirect wholly-owned subsidiary of Kratos Defense & Security Solutions, Inc. and a direct subsidiary of Kratos Holdings U K Limited, a wholly-owned subsidiary of Kratos Defense & Security Solutions, Inc.
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About Kratos Defense & Security Solutions, Inc.
Kratos Defense & Security Solutions, Inc. is a leading provider of innovative technology for national security and commercial markets. The company's primary function is to deliver advanced systems for defense, communications, information technology, and cybersecurity operations. Kratos' diverse offerings include unmanned aerial systems, missile defense capabilities, satellite communications, and electronic warfare technologies. By focusing on high-performance and affordable solutions, Kratos serves a variety of sectors such as the U.S. Department of Defense, other government agencies, and commercial aerospace industries. The firm has carved out a unique niche in deploying cost-effective technology solutions that support critical national security and defense missions. Headquartered in San Diego, California, Kratos plays a significant role in shaping defense capabilities with its forward-looking strategies and commitment to innovation, addressing evolving threats and challenges in the modern geopolitical landscape.
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