Kratos to Acquire Orbit Technologies for $356.3 Million, Funded by Cash on Balance Sheet.

Kratos Defense & Security Solutions has signed a definitive agreement to acquire Israel-based Orbit Technologies Ltd for $356.3 million. Orbit is a leading provider of satellite-based communication systems for various military and defense applications. The acquisition is expected to be funded via cash on Kratos' balance sheet, expanding its presence in the global defense and space markets.