Kratos Completes Acquisition of Satellite Antenna Manufacturer ASC Signal from CPI
San Diego, Calif., July 1, 2020--Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), announced that it has completed its acquisition of CPI ASC Signal Division Inc. (ASC) from Communications & Power Industries LLC (CPI) following the receipt of regulatory approval from all required government authorities and completion of other closing items.
The acquisition broadens Kratos’ space ground systems business with the addition of market-leading earth station antennas that are an important part of government strategic and tactical communications, especially for defense and intelligence operations, and are also used widely in the commercial world according to the company. ASC products also include radar antennas for air traffic control and weather applications, as well as High-Frequency (HF) and specialty antennas. Kratos’ space business offers a wide variety of products and solutions across the satellite ground segment, including RF infrastructure, systems management and mission assurance products.
CPI recently completed its acquisition of General Dynamics SATCOM Technologies. As part of the conditions of the regulatory approval of its acquisition of GD SATCOM, CPI had to sell its interest in ASC in order to ensure competition in the satellite antenna sector.
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