M&A Deal Summary

Kratos Acquires Herley Industries

On February 7, 2011, Kratos acquired defense company Herley Industries for 270M USD

Acquisition Highlights
  • This is Kratos’ 2nd transaction in the Defense sector.
  • This is Kratos’ largest (disclosed) transaction.
  • This is Kratos’ 7th transaction in the United States.
  • This is Kratos’ 3rd transaction in Pennsylvania.

M&A Deal Summary
Date 2011-02-07
Target Herley Industries
Sector Defense
Buyer(s) Kratos
Deal Type Add-on Acquisition
Deal Value 270M USD

Target

Herley Industries

Lancaster, Pennsylvania, United States
website
Herley Industries, Inc. is a provider of microwave based products and technologies for use in Command and Control Systems, Weapons Systems, Electronic Warfare Systems, and Radar and Communications Systems.

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Buyer(S) 1

Buyer

Kratos

San Diego, California, United States

website

Category Company
Founded 1994
Sector Defense
Employees3,600
Revenue 898M USD (2022)
DESCRIPTION
Kratos' corporate headquarters in San Diego, California.
Kratos' corporate headquarters in San Diego, California.

Kratos is a specialized technology focused security business providing mission critical products, solutions and services for domestic and international customers. The Company designs, engineers and manufactures specialized electronic products, components, subsystems and systems for intelligence, surveillance, and reconnaissance (ISR), electronic attack, electronic warfare, radar, and missile system platforms; integrated product, software and technology solutions for satellite communications; products and solutions for unmanned systems; products and services related to cybersecurity and cyberwarfare; products and solutions for ballistic missile defense; weapons systems trainers; advanced network engineering and information technology services; weapons systems lifecycle support and sustainment; military weapon range operations and technical services; and public safety, critical infrastructure security and surveillance systems. Kratos was formed in 1994 and is based in San Diego, California.

DEAL STATS #
Overall 7 of 13
Sector (Defense) 2 of 3
Type (Add-on Acquisition) 7 of 11
State (Pennsylvania) 3 of 3
Country (United States) 7 of 13
Year (2011) 1 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-15 Henry Bros. Electronics

Fair Lawn, New Jersey, United States

Henry Bros. Electronics, Inc. provides technology-based integrated electronic security systems, services and emergency preparedness consultation to commercial enterprises and government agencies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-28 Integral Systems

United States

Integral Systems, Inc. is a provider of software products for satellite command and control, telemetry and digital signal processing, data communications, enterprise network management and communications information assurance.

Buy -
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