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Kratos Defense & Security Solutions [KTOS] on Tuesday said it has acquired the Engineering Division of Southern Research for $80 million, adding a new research and development campus and capabilities in developing, modeling and deploying advanced materials for extreme environments. Kratos said that 25 percent of the purchase price is going toward a 54-acre campus in Birmingham, Ala., that includes 102,000 square feet of laboratory, material assessment, technology, prototype development, and other facilities. The campus also includes the machinery and…
