M&A Deal Summary

Kratos Acquires Orbit

On November 4, 2025, Kratos acquired defense company Orbit from FIMI Opportunity Funds for 356M USD

Acquisition Highlights
  • This is Kratos’ 4th transaction in the Defense sector.
  • This is Kratos’ largest (disclosed) transaction.
  • This is Kratos’ 1st transaction in Israel.

M&A Deal Summary

Date 2025-11-04
Target Orbit
Sector Defense
Buyer(s) Kratos
Sellers(s) FIMI Opportunity Funds
Deal Type Add-on Acquisition
Deal Value 356M USD
Advisor(s) Stifel (Financial)

Target

Orbit

Netanya, Israel
Orbit is a provider of airborne communications and satellite-tracking maritime and ground-station solutions that is helping to expand and redefine how we connect. deliver innovative, cost-effective, and highly reliable solutions to commercial operators, major air forces and navies, space agencies, and emerging New Space companies. Orbit was founded in 1950 and is based in Netanya, Israel.

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Buyer(S) 1

Buyer

Kratos

San Diego, California, United States

Category Company
Founded 1994
Sector Defense
Employees4,000
Revenue 1.1B USD (2024)
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 14 of 14
Sector: Defense M&A 4 of 4
Type: Add-on Acquisition M&A Deals 12 of 12
Country: Israel M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-24 Southern Research - Engineering Division

Birmingham, Alabama, United States

Southern Research's Engineering Division is a provider in assisting customers in the development, modeling and deployment of advanced materials for extreme environments, including hypersonic, space, missile, missile defense, strategic deterrence, propulsion systems, and energy applications.

Buy $80M

Seller(S) 1

SELLER

FIMI Opportunity Funds

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FIMI Opportunity Funds is a private equity firm that usually looks for Israeli and Israeli-related companies that are mature, have significant revenue and run a profitable operation. FIMI invests in companies with significant growth potential and tangible growth engines. FIMI seeks companies with a solid and highly motivated management team in place. FIMI Opportunity Funds was formed in 1996 and is headquartered in Tel Aviv.


DEAL STATS #
Overall 5 of 5
Sector: Defense M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Israel M&A 5 of 5
Year: 2025 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-24 Kamada

Rehovot, Israel

Kamada is a biopharmaceutical company engaged in developing, producing and marketing of specialty life-saving therapeutics, using a unique protein purification technology. Kamada was founded in 1990 and is based in Rehovot, Israel.

Buy -