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.
Nine companies win spots on Navy unmanned systems contract Work covers design, testing, deployment and sustainment support Autonomous maritime platforms…
Anthropic reportedly explores massive new funding round Anthropic deepens focus on AI-driven cyber defense and national security Its growth highlights…
