# 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.

- Type: Acquisition
- Announced: 2019-02-28
- Where: Jupiter, Florida, United States
- Value: $60.0M
- Status: completed
- Products: advanced turbine engines, small jet engines
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Kratos Defense & Security Solutions](https://endata.com/companies/29190.md) (acquirer)
- [Florida Turbine Technologies](https://endata.com/companies/37676.md) (target)

## Sources

- [einpresswire.com](https://www.einpresswire.com/article/477896110/kratos-defense-security-solutions-acquires-advanced-turbine-engine-developer-florida-turbine-technologies), 2019-02-28: "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."
- [govconwire.com](https://www.govconwire.com/articles/kratos-buys-majority-stake-in-turbine-engine-maker-ftt-forms-new-business-unit), 2019-03-01: "Through the acquisition of FTT, we have gained a tremendous capability to provide not only engines but also complete weapons systems."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.