Kratos Defense & Security Solutions said it completed its acquisition of Israel-based Orbit Technologies Ltd. on March 2, 2026. The company paid about $352.7 million in cash, or $13.725 per Orbit ordinary share, funded from its balance sheet, and Orbit is now an indirect wholly owned subsidiary. Orbit share options became fully vested at closing and were cashed out based on the difference between the per-share deal price and the option exercise price.

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