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McKean Defense To Acquire Small Navy Contractor Mikros Systems

Cal Biesecker By
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McKean Defense To Acquire Small Navy Contractor Mikros Systems
Mikros Systems ADEPT Distance Support Sensor Suite for condition based maintenance. Photo: Mikros

McKean Defense Group last week said it has agreed to acquire Mikros Systems Corp. [MKRS], a small provider of advanced maintenance systems for the Navy and industrial and commercial applications. McKean said it will pay $4.6 million in cash and that the transaction is expected to close in the first quarter of 2021. The boards of both companies have already approved the deal. McKean, which is based in Philadelphia, said the acquisition will expand its work on the Navy’s Littoral…

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