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AI brief of an SEC Form 8-K · Kratos Defense & Security Solutions (KTOS)

Kratos to acquire Israel's Orbit Technologies for $356.3 million in cash

Neutral Impact 5 of 5 m&a Written later

Kratos signed a merger agreement on November 4, 2025 to acquire Orbit Technologies Ltd, an Israel-based satellite communications provider listed on the Tel Aviv Stock Exchange, for $13.725 per share in cash, or about $356.3 million in total. The company said the deal will be funded from cash on its balance sheet, and closing is expected by the end of March 2026, subject to conditions including Orbit shareholder approval and regulatory approvals in Israel.

Key points

  • Orbit shareholders would receive $13.725 per share in cash; aggregate consideration is expected to be about $356.3 million.
  • Closing is expected by the end of March 2026 and requires majority Orbit shareholder approval, Israel Competition Authority approval, and approval of the Israeli Ministry of Defense.
  • Orbit would pay Kratos a termination fee of $14,252,000 in certain circumstances, such as accepting a superior proposal.
  • Either party may terminate if the merger is not completed within 270 days of the agreement date; Orbit would report through Kratos' Microwave Electronics Division.

The filing

CompanyKratos Defense & Security Solutions (KTOS)
Form8-K, current report
Filed with the SECNov 7, 2025, 4:09 PM ET
Accession number0001069258-25-000062

Items reported: 1.01 Material Definitive Agreement8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.