Kratos Defense acquires 80.1% of Florida Turbine Technologies for $60 million

Kratos Defense & Security Solutions acquired an 80.1% interest in Florida Turbine Technologies (FTT), a developer of advanced turbine engines, for $60 million ($33 million cash and $27 million stock). FTT will become part of the Kratos Turbine Technologies Division, focused on small jet engines for tactical weapons and unmanned aerial systems.

“This acquisition is expected to accelerate FTT’s small engine development programs, and facilitate integration of these leading-edge engine solutions with evolving Kratos tactical systems.”einpresswire.com

• 2 sources
• einpresswire.comKratos Defense & Security Solutions Acquires Advanced Turbine Engine Developer Florida Turbine TechnologiesFeb 28, 2019
• govconwire.comKratos Buys Majority Stake in Turbine Engine Maker FTT, Forms New Business Unit - GovCon WireJane EdwardsMar 1, 2019

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