05:27 AM EST, 11/05/2025 (MT Newswires) -- Kratos Defense & Security Solutions (KTOS) said late Tuesday it signed a definitive agreement to acquire 100% of the ordinary shares of Orbit Technologies for $356.3 million.

The company expects to fund the purchase from cash on its balance sheet.

The acquisition is expected to be "immediately accretive across virtually every financial metric for Kratos," it said.

Israel-headquartered Orbit is a provider of satellite-based communication systems for mobile and unmanned aerial, seaborne, and undersea as well as land deployments.