:

Ultra Electronics To Acquire Kratos’ U.S. And U.K. Electronic Products Division Units

Friday, June 5th, 2015

SHARE:

Kratos Defense & Security Systems [KTOS] on June 1 said it has agreed to sell its United States and United Kingdom operations of its Electronic Products Division to Britain’s Ultra Electronics Holdings for $260 million in cash.Terms of the deal include reimbursement of up to $5 million for taxes incurred as part of the transaction, for a total transaction consideration of $265 million.Kratos’ Microwave and Products business will retain operations and manufacturing facilities in Israel, which support the Iron Dome,…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]