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Kratos Acquires Aerial Target Company Sierra Technical Services

Cal Biesecker By
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Kratos Acquires Aerial Target Company Sierra Technical Services
Sierra Technical Services' 5GAT aerial target drone. Photo: STS

Kratos Defense & Security Solutions [KTOS] this week said it has acquired the aerial target drone company Sierrea Technical Services, Inc. (STS), which is developing a next-generation aerial target for the Defense Department. Kratos, in an Oct. 3 filing with the Securities and Exchange Commission, said it is issuing more than 1.8 million shares of its stock for the STS deal. Jefferies aerospace and defense analyst Sheila Kahyaoglu said Oct. 5 in a note to clients that the deal price…

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