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Kratos pays $20m cash for integration business

January 4, 2012Martha Entwistle

SAN DIEGO—Kratos Defense & Security, which last year beefed up its systems integration business with the acquisition of Henry Brothers, on Dec. 30 paid $20 million cash to buy the security integration business of “one of its most formidable competitors.”While the Kratos announcement does not name the competitor, sources tell Security Systems News that the company is Ingersoll Rand Security Systems, the systems integration arm of Ingersoll Rand Security Technology. Contacted by Security...

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