M&A

Kratos closes public safety business sale

Kratos Defense & Security Solutions said Monday it has completed the sale of its public safety business to continue transforming into a more focused technology platform company.

The divestiture is part of San Diego-based Kratos' strategy to focus on four key areas it sees as potentially offering larger growth: unmanned systems, satellite technology, training and microwave electronics.

“We have got to focus on those because we have won some big stuff. We are going to win some other big stuff and we need to focus where the big growth opportunities are,” Kratos CEO Eric DeMarco said in a Feb. 28 call with investors.

The company's unmanned portfolio in particular looks set to swell as it is a subcontractor to Dynetics on the "Gremlins" program with the Defense Advanced Research Projects Agency. They won a head-to-head competition with General Atomics in April for the potential $64 million program to build unmanned aerial drones that can be launched and retrieved in-flight.

Sweden-based Securitas is the buyer for the now-former Kratos public safety and security systems integration business. That unit's customers are commercial enterprises in sectors such as transportation and health care.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

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

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

I agree to this site's Privacy Policy.