Kratos Defense & Security Solutions(US:KTOS) Yahoo Finance·2025-11-06 17:11Core Viewpoint - Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) experienced a significant decline in share prices following the announcement of its acquisition of Orbit Technologies for $356.3 million, with a drop of 14.20% to close at $77.41 [1][2]. Acquisition Details - Kratos signed a definitive agreement to acquire a 100-percent stake in Orbit Technologies, which will be fully funded through cash [2]. - Orbit is recognized as a global provider of mission-critical satellite-based communication systems, serving various military and defense sectors [3]. Strategic Fit - The acquisition is viewed positively by Kratos' leadership, highlighting Orbit's strong leadership, culture, and technology that align with Kratos' operational focus [4]. - Existing customer relationships between Kratos and Orbit are expected to enhance the transaction's success, benefiting shareholders [4]. Financial Performance - Kratos reported a strong third-quarter performance, with net income increasing by 172% to $8.7 million from $3.2 million year-on-year [5]. - Revenues rose by 26% to $347.6 million compared to $275.9 million in the same period last year [5].