Author: Christine Thropp|| Date Published: September 13, 2024
ITT (NYSE: ITT) has completed its acquisition of kSARIA, a Behrman Capital portfolio company that manufactures and supplies connectivity offerings for the aerospace and defense end markets.
The Stamford, Connecticut-based company said Thursday its purchase of kSARIA will be funded with a ~$460 million term loan and cash on hand.
kSARIA is added to the connect and control technologies segment of ITT. The segment produces harsh environment connectors and control components used in critical aerospace, defense and industrial applications.
ITT’s existing connector portfolio now includes kSARIA’s cable assemblies for avionics, sensors, communications and networking applications.
BAE Systems has received a $117.7 million contract modification from the U.S. Navy to support depot-level modernization, maintenance and repair of USS…
Advanced wireless infrastructure is becoming as strategically important as artificial intelligence in modern defense operations 5G standalone enables network slicing,…
