McKean Defense Group Acquires Mikros Systems Corporation
November 12, 2020
McKean Defense Group agreed to acquire Mikros Systems Corporation for approximately $4.6 million in cash, purchasing all outstanding common stock in a merger. The acquisition strengthens McKean's U.S. Navy portfolio by adding Mikros' electronic systems, combat-systems monitoring and diagnostic analytics capabilities to support Littoral Combat Ship programs and other naval sustainment work.
- Buyers
- McKean Defense Group, Inc.
- Targets
- Mikros Systems Corporation
- Sellers
- Mikros Systems Corporation stockholders
- Industry
- Aerospace & Defense
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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