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Business/Financial

Kratos Plans To Transform, Disrupt Small Jet Engine Market With Deal For Florida Turbine Technologies

By Cal Biesecker

Thursday, February 28th, 2019

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Kratos Plans To Transform, Disrupt Small Jet Engine Market With Deal For Florida Turbine Technologies

Kratos' new engine company makes small jet engines for unmanned aircraft and cruise missiles. Photo: Kratos

In a deal that will give it an organic small jet engine capability with affordable, leading edge capabilities, Kratos Defense & Security Solutions [KTOS] has acquired a majority stake in Florida Turbine Technologies, Inc. (FTT) for $60 million. Kratos sees FTT’s design, development and manufacturing capabilities in small turbofan and turbojet engines as a market disruptor and plans to grow and expand the business onto a range of platforms that include tactical missiles and tactical unmanned aircraft systems (UAS). FTT…

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