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Business/Financial

KBR To Acquire Centauri, Adding Space Business For Military And Intelligence Customers

By Cal Biesecker

Wednesday, August 19th, 2020

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KBR To Acquire Centauri, Adding Space Business For Military And Intelligence Customers

Centauri's space-related capabilities include expertise in missile warning and defense. Photo: Centauri

KBR, Inc. [KBR] on Wednesday said it has agreed to acquire Centauri for $827 million in cash in a deal that complements its existing civil space business with work in the space domain for military and intelligence customers, much of it highly classified with a strong growth trajectory and margin performance. The transaction is expected to close early in the fourth quarter and includes tax benefits that bring the net value to $800 million, which KBR will cover with $300…

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