Kratos Defense & Security Solutions, Inc. (NasdaqGS:KTOS) signed a definitive agreement to acquire Orbit Technologies Ltd (TASE:ORBI) for approximately $350 million on November 4, 2025. A cash consideration of $13.725 per share will be paid for 25.555395 million shares. The transaction will be funded via cash on Kratos balance sheet. Once the acquisition is consummated, Orbit will report through Kratos? Microwave Electronics Division. Orbit Technologies will pay $14.252 million as termination fee.

Board of Kratos Defense & Security Solutions, Inc. and Orbit Technologies Ltd and shareholder of Kratos Defense & Security Solutions, Inc. approved the transaction. Transaction is subject to approval of shareholders of Orbit Technologies Ltd, Israel Competition Authority Israeli Ministry of Defense. The transaction is expected to complete by the end of March 2026. The acquisition of Orbit is expected to be immediately accretive across virtually every financial metric for Kratos.

Stifel Financial Corp. (NYSE:SF) acted as financial advisor to Orbit Technologies. Naschitz, Brandes, Amir & Co. led by Sharon A. Amir and Meital Lederman acted as legal advisor to Orbit Technologies Ltd. Sheppard, Mullin, Richter & Hampton LLP led by David Osborne and Shiri Shaham acted as legal advisor to Kratos Defense & Security Solutions, Inc. Prometheus Financial Advisory acted as fairness opinion advisor to Kratos Defense & Security Solutions, Inc.

Kratos Defense & Security Solutions, Inc. (NasdaqGS:KTOS) completed the acquisition of Orbit Technologies Ltd (TASE:ORBI) on March 2, 2026.