KBR, Inc. [KBR] on Monday said it has completed its $827 million cash acquisition of Centauri from Arlington Capital Partners, expanding its space business for military and intelligence customers.
“Centauri adds an enormous benefit to KBR, as a result of its highly technical, differentiated portfolio, creating opportunities for substantial growth and putting KBR at the forefront of the government solutions sector,” Stuart Bradie, KBR’s president and CEO, said in a statement.
KBR first announced the deal in August saying it includes tax benefits that bring the net value to $800 million. Centauri’s sales in 2021 are expected to exceed $700 million. The company has 1,750 employees located at 22 offices throughout the U.S.
Centauri’s sales are evenly split between the Defense Department and intelligence community. The company’s work is in space superiority and missile defense, space and intelligence, surveillance and reconnaissance engineering, and intelligence, electronic warfare and cyber.