Kratos, continues to gain dominance in the field of highly specialized national security technology and providing a complete mission critical products/services envelope, reporting today successful nomination for two separate, influential awards in IT and middle marketing for the recent Herley Industries, Inc. acquisition at the 10th Annual M&A Advisor Awards Gala, held at the New York Athletic Club, NY this Dec. 13.
Senior Markets Desk Reporter for Bloomberg, Julie Hyman, hosted the event, where both award nominations were conferred upon KTOS simultaneously for the Herley deal, seen by many as a real masterstroke:
2012 Information Technology Award – $100M and over
2011 Middle Market Deal of the Year – $250-400M
Herley’s infrastructural competencies extend KTOS’s own striking distance beautifully, bringing the industry-leading design, development and manufacturing expertise in defense/aerospace microwave technology for which Herley is known, to the table alongside the Company’s own deep proficiencies in manufacturing and engineering related to National Security platforms/programs.
Herley already has solid footing in a variety of key US national security related programs/platforms and the acquisition of this Woburn, MA-based shop adds robust vectors to KTOS’s seven-facility manufacturing (~1k employee) Weapons Systems Solutions Division, into which the acquisition was integrated.
Great news for KTOS, following fast on the heels of the announcement Dec. 12, that the Company was recognized at this year’s M&A Advisor Deals of the Decade Celebration at the Museum of American Finance, with the 2009 Turnaround of the Year Award.
President and CEO of KTOS, Eric DeMarco, beamed with enthusiasm at being recognized once more by the prestigious M&A Advisor Awards, recognition which boldly underlines the outstanding success of KTOS’s M&A Team, as well as the integration team which spearheads such momentum building acquisitions. DeMarco pointed to this clear recognition of the Company’s “continued execution” of the strategic business plan to create the “C5ISR focused engineering, technology and specialty products based National Security Solutions provider in the industry.”
Senior VP of the Strategy and Corporate Development Division at KTOS, James Cotter, echoed this enthusiasm and detailed the exceptional microwave/specialty platforms experience Herley ads to the mix, pointing to growing dependence on such capabilities by a number of critical US infrastructure like the EA-18G Electronic Attack Aircraft and a host of other Ballistic Missile Defense Programs.
For more information on the nominations/awards or for more information on Kratos Defense & Security Solutions, Inc. and the Company’s numerous engineering and technical capabilities in a spectrum of high security cleared environments, or on the Herley acquisition itself, please visit the Company’s website at: www.KratosDefense.com
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