June 16, 2020 – Kratos Defense & Security Solutions, Inc. will acquire CPI ASC Signal Division, Inc. (ASC) from Communications & Power Industries LLC(CPI) for $35 million in cash. ASC is a manufacturer of high-performance, highly engineered antenna systems for satellite communications, radar,
electronic warfare (EW), and high-frequency (HF) applications. The transaction is expected to close within the next 60 days, subject to normal
and customary closing conditions and regulatory approvals. The acquisition brings numerous synergies to Kratos’ core space business. To date, the
part of Kratos focused on antennas has specialized in planning and implementing full-scale large, complex systems for which the antennas are
just a part, and often employing antennas from multiple manufacturers. The ASC antennas will help expand that business, especially among U.S. government and national security customers, while Kratos’ global reach and broad product portfolio will complement ASC’s solutions. Kratos’ space
business offers a wide variety of products and solutions across the satellite ground segment, including RF infrastructure, systems management
and mission assurance products that will bring system synergies to an expanded antenna offering and to ASC’s existing customers.