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Business/Financial

CACI Agrees To Acquire RF Technology Firm Azure Summit For $1.3 Billion

By Cal Biesecker

Monday, September 16th, 2024

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CACI Agrees To Acquire RF Technology Firm Azure Summit For $1.3 Billion

Azure Summit's digital tuner and processor. Photo: Azure Summit

CACI International [CACI] on Monday said it has agreed to acquire Azure Summit Technology for $1.3 billion in a cash deal that adds to the company’s products and capabilities supporting intelligence, surveillance, reconnaissance, electronic warfare, and signals intelligence. The pending deal is subject to regulatory approvals and is expected to close in CACI’s second quarter of fiscal year 2025 that ends this December. CACI expects Azure Summit to generate about $440 million in sales and $110 million in operating income…

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