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Ultra acquires Kratos' EPD division

1st June 2015 - 12:50 GMT | by The Shephard News Team


Ultra Electronics has acquired Kratos Defense & Security Solutions' Electronic Products Division (EPD), a producer of RF and microwave subsystems and systems for electronic warfare (EW), simulation, radar and other applications. The acquisition was announced on 1 June.

EPD will be integrated into the tactical and sonar division of Ultra and renamed Ultra Electronics Herley Industries. Ultra will pay $260 million in cash at the closing of the transaction, and up to another $5 million in cash over the next 12 months.

EPD provides its proprietary technology for various defence platforms, including the EA-18G Growler, AMRAAM missile, P-8A Poseidon and Trident II D5 missile.

Its major customers include Raytheon, Boeing, Lockheed Martin, Northrop Grumman and Harris. Ultra believes that the division is well-positioned for opportunities on various next-generational national strategic security and defence programmes.

EW has been identified as a targeted growth area in core markets where Ultra is underrepresented. The company believes that EPD has an established position in the US EW market, which is forecast to grow over 3% year-on-year. The new division is also expected to strengthen Ultra's existing EW capabilities in Canada and Australia, and open up new markets and customers for the company.

The Shephard News Team


The Shephard News Team

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