LONDON — British defense company Ultra Electronics has further increased its position in the US market with the June 1 announcement that it is paying US $265 million to acquire the electronic products division (EPD) of Kratos Defense & Security.
EPD designs and produces RF and microwave integrated systems and components for use in electronic warfare, radar, communications, missiles and other market areas. Key platforms include the P-8A Poseidon, EA-18G Growler and Trident missile.
The purchase of EPD, formerly known as Herley Industries, is the latest in a string of small acquisitions in various sectors of the US market in recent times. Forensic Technology, 3 Phoenix and ICE were all acquired last year.
North America already dominates Ultra revenues, accounting for 44 percent of its £713 million (US $1.08 billion) sales last year with the Pentagon being its biggest single customer.
Ultra operates globally in niche defense, security, transport and energy sectors.
EPD will become part of Ultra's Tactical & Sonar Division and renamed Ultra Electronics Herley Industries. Richard Poirier remains as president.
Kratos acquired Herley Industries in 2011 for $270 million.
The Kratos-General Microwave Israel and Kratos GMI-Eyal businesses operated by EPD are not part of the sale.
Andrew Chuter is the United Kingdom correspondent for Defense News.