KBR has signed an agreement with Arlington Capital Partners to acquire Centauri, LLC, a leading independent provider of high-end space, directed energy and other advanced technology solutions. The transaction, which is expected to close in fourth-quarter 2020, is valued at $880 million (with $300 million cash and $500 million debt). Shares of KBR climbed 8.6% on Aug 19, following the news.
Stuart Bradie, KBR’s president and Chief Executive Officer said, "KBR has undergone a deliberate, strategic transformation to be a provider of innovative, higher-end, digitally-enabled solutions and technologies in attractive, stable domains."
Based in Chantilly, VA, Centauri is a technology-driven company that provides high-end engineering and development solutions for space, intelligence, cyber and emerging technologies like directed energy and missile defense...MORE
