San Diego security firm acquires HBE of New Jersey

Kratos buys provider of homeland security solutions

Kratos Defense and Security Solutions Inc., a national security solutions provider based in San Diego, is acquiring Henry Bros. Electronics Inc. through the purchase of all outstanding shares of HBE stock at approximately $7 a share, equivalent to about $45 million in cash.

HBE, of Fair Lawn, N.J., is a provider of homeland security solutions, products, and system integration services, including command and control systems for the protection of strategic assets and critical infrastructure.

The company also has expertise in the design, engineering and deployment of specialized surveillance, thermal imaging, analytics, radar, and biometrics technology-based security systems.

HBE programs and customers include the Defense Department, state and municipal government agencies, and major national airports, harbors and railroads.

The company recently increased its revenue guidance for 2010 to approximately $65 million, reported a record backlog of approximately $53 million, and reported second-quarter new contract bookings of approximately $35 million.

Upon completion of the merger, HBE will become part of Kratos’ Public Safety and Security division.

In May, Kratos won a five-year, $49.9 million contract to continue providing range support services at the Naval Surface Warfare Center at Dahlgren, Va.



About the Author

David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.