Kratos Defense (KTOS) announced that it has signed a definitive agreement to acquire 100% of the ordinary shares of Orbit Technologies for $356.3M, which is expected to be funded via cash on Kratos’ balance sheet. Once the acquisition is consummated, Orbit will report through Kratos’ microwave electronics division, which is headquartered in Jerusalem, Israel. The acquisition of Orbit is expected to be immediately accretive across virtually every financial metric for Kratos.
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