US-based Kratos Defense & Security Solutions announced the acquisition of CTT and Cosmic Advanced Engineered Solutions (Cosmic AES). According to reports, they acquired both these companies for approximately $60 million. Details of the transaction have not yet been released.
Headquartered in San Jose, California, CTT makes power amplifiers, frequency converters, transmitters, and other electronic devices used in jammers, missiles, radars, unmanned aircraft, and other military systems. The CTT website is no longer operational and has a placeholder that states the company has been acquired by Kratos. Click here to see CTT's profile on everything RF.
Cosmic Advanced Engineered Solutions designs and engineers high-performance solutions that empower warfighters to confront urgent and changing threats in the space, signals, and cyber domains. They design tailored systems that expand mission and get solutions into the hands of operators when they need it.