Sign In
Search
Business/Financial

Kratos Completes Sale Of Electronics Division Units To Ultra

Cal Biesecker By
SHARE:
Kratos Completes Sale Of Electronics Division Units To Ultra
Some of the work that Kratos retains following the sale of a portion of its electronics business include beam forming modules shown above. Photo: Kratos

Kratos Defense & Security Systems [KTOS] on Monday said it has completed the sale of its United States and United Kingdom operations of its Electronic Products Division to Britain’s Ultra Electronics Holdings plc for $260 million in cash.Terms of the deal include upward of an additional $5 million in consideration for taxes incurred as part of the transaction.Following transaction costs and federal and state tax payments, Kratos said it expects $232.4 million in net proceeds from the deal, which was…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

PDW Opens New Drone Factory In Huntsville, Aims To Build 60,000 UAS Annually

Business/Financial

Tax Benefit Boosts SAIC’s Income In Second Quarter But Sales Dip On Federal Contracting Challenges

Business/Financial

Hanwha Invests Another $5 Billion In Philly Shipyard

Business/Financial

Trump Administration Mulls Equity Stakes In Defense Industry, Raising Questions

Trending

Five Organizations Get Green Light on SLCM-N Prototype Designs
State Department OK’s $8.5 Billion IBCS-Enabled Patriot Sale To Denmark
BAE Nabs $1.7 Billion Contract For Up To 55,000 APKWS IIs
150 Companies Interested in RG-XX, U.S. Space Force Official Says
Space Solar Power Company Boosts Funding Round With Lockheed Martin Investment

Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…

Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583

Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…

Foster Miller doing business as QinetiQ North America (Waltham, Massachusetts) – $11,310,230

Foster Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,310,230 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Four for production, engineering support, and post-production support of the MK 2 Man…

EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

EnergySolutions Services Inc., Oak Ridge, Tennessee, is being awarded a $13,336,650 firm-fixed-price, indefinite-delivery/indefinite-quantity contract action (N42158-25-D-E001) for nuclear services for the processing, recycling and disposal of radiologic materials through disassembly, decontamination, metal melting, compaction, incineration, resin sluicing/dewater, bulk waste assay…

The Force Multipliers

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Force Multipliers

Chris Wilson – Qlik

Force Multipliers

Tim Solms – Slingshot Aerospace

Job Feed

Post a Job // Post a Resume