Kratos to Buy CPI’s Satellite Antenna Business; Phil Carrai Quoted

Kratos to Buy CPI’s Satellite Antenna Business; Phil Carrai Quoted
Phil Carrai

Kratos Defense and Security Solutions (Nasdaq: KTOS) has agreed to acquire Communications & Power Industries’ ASC Signal Division subsidiary for $35M in cash as part of efforts to expand its antenna systems and other offerings across the space ground sector and expand support for defense missions and intelligence operations.

The transaction is expected to be finalized within the next two months, subject to regulatory approvals and other customary closing conditions, Kratos said Tuesday.

ASC has been producing for over six decades high-performance antenna systems for radar, electronic warfare, satellite communications and high-frequency applications.

Tony Russell, who led CPI’s ASC business, will join Kratos to oversee the antenna/RF operating unit.

“Beyond the strong product lines and North American manufacturing base, it brings the ability for us to advance our strategy of building important ground segment technologies directly into antennas and better integrating antennas into increasingly virtualized ground systems,” said Phil Carrai, president of space, training and cybersecurity division at Kratos.

Carrai added the transaction also brings a product platform and engineering expertise necessary to build up Kratos’ tech offerings in the V and Q band markets.

The transaction came after the Department of Justice asked CPI to divest ASC and related assets in order for it to advance its acquisition of General Dynamics’ (NYSE: GD) antenna systems business. CPI announced in early June that it completed its purchase of SATCOM Technologies from General Dynamics.

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