Kratos to Acquire Satellite Antenna Manufacturer ASC Signal for $35 Million
Broadens Kratos’ Solutions Across the Space Ground Segment and Brings Market-Leading Products to Anchor Kratos’ Existing Antenna Systems Solutions
High-Performance Products and Manufacturing Capability Will Enable Kratos to Expand its Support for
The products, business and North American manufacturing operations that Kratos is acquiring bring 60 years of innovation in high performance antenna products used in a variety of mission-critical space applications ranging from Telemetry, Tracking & Command (TT&C) to
Earth station antennas are in high and growing demand, especially as satellite capacity increases with the launch of more and more High-Throughput Satellites (HTS) and small satellite mega-constellations that require a substantial ground infrastructure to operate. In particular, they are a critical part of government strategic and tactical missions, especially for defense and intelligence operations, and are also used widely in the commercial world.
The acquisition brings numerous synergies to Kratos’ core space business. To date, the part of Kratos focused on antennas has specialized in planning and implementing full-scale large, complex systems for which the antennas are just a part, and often employing antennas from multiple manufacturers. The ASC antennas will help expand that business, especially among
“The addition of ASC provides an important building block for Kratos’ continued growth as the industry’s broadest supplier of advanced products across the ground segment,” commented
“Kratos has an extremely exciting vision for the future of dynamic ground systems, and we are inspired to become a part of it,” said
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended
Source: Kratos Defense & Security Solutions, Inc.