Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), has announced it will acquire satellite antenna manufacturer CPI ASC Signal Division, Inc. (ASC) from Communications & Power Industries LLC (CPI) for USD 35 million in cash, the company said.
ASC is a manufacturer of high-performance, highly engineered antenna systems for satellite communications, radar, electronic warfare (EW), and high-frequency (HF) applications. The transaction is expected to close within the next 60 days, subject to normal and customary closing conditions and regulatory approvals.
The products, business and North American manufacturing operations that Kratos is acquiring bring 60 years of innovation in high performance antenna products used in a variety of mission-critical space applications ranging from Telemetry, Tracking & Command (TT&C) to Satellite Communications and Earth Sensing & Observation for military and commercial satellites in low (LEO), medium (MEO) and geostationary (GEO) orbits.
With an expanded portfolio that now includes transportable and fixed earth station antennas ranging from 2.4-meter to 18-meter in diameter, radar antennas for air traffic control and weather applications, and lines of High-Frequency (HF) and specialty antennas, Kratos is well positioned to meet the current and future needs of the combined Kratos and ASC customer base.
Kratos Defense & Security Solutions, Inc. develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises.