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New Deal


Announced

Completed

Kratos Defense & Security Solutions completed the acquisition of Sierra Technical Services for $27.3m.

Financials

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Transaction Value£22m
Consideration TypeOrdinary Shares, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Defense

Majority

Private

Domestic

Completed

Friendly

aerospace and defense

digital engineering

Acquisition

Single Bidder

United States

Concept Design

Synopsis

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Kratos Defense & Security Solutions, a company that specializes in directed-energy weapons, unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems, completed the acquisition of Sierra Technical Services, a company that provides the aerospace and defense industry concept design, digital engineering, manufacturing, and test capability, for $27.3m. “Kratos and Sierra have worked successfully together for years. The agility, speed, and affordability traits inherent at Sierra perfectly align with the Kratos mantra," Steve Fendley, Kratos Defense & Security Solutions President.

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