KTOS · Kratos Defense & Security Solutions, Inc.

Summary

Kratos Defense & Security Solutions, Inc. completed the merger of its subsidiary Kratos Acquisition Ltd. with Orbit Technologies Ltd. on March 2, 2026, acquiring 100% of Orbit's ordinary shares for approximately $352.7 million in cash at $13.725 per share. Orbit, previously publicly traded on the Tel Aviv Stock Exchange, is now an indirect wholly owned subsidiary of the Company.

Key takeaways

• Merger completed on March 2, 2026
• Target: Orbit Technologies Ltd., State of Israel
• Purchase price: $352.7 million in cash
• Per share price: $13.725 for each ordinary share
• Funded via cash on Company's balance sheet
• Orbit ordinary shares previously traded on Tel Aviv Stock Exchange