KBR Enters $800M Acquisition Centuari; Stuart Bradie, Dave Dzaran Quoted

KBR Enters $800M Acquisition Centuari; Stuart Bradie, Dave Dzaran Quoted
Stuart Bradie

KBR has entered into a definitive agreement with Arlington Capital Partners to acquire Centauri, an independent provider of high-end space, directed energy and other advanced technology solutions, for approximately $800 million in cash, KBR reported on Wednesday.

"KBR has undergone a deliberate, strategic transformation to be a provider of innovative, higher-end, digitally-enabled solutions and technologies in attractive, stable domains," said Stuart Bradie, KBR president and CEO. "The acquisition of Centauri firmly aligns with our strategy of increasing KBR's highly technical, mission-focused, synergistic capabilities and enduring customer relationships.”

With the purchase of Centauri, KBR will expand its military space and intelligence businesses. KBR will also strengthen its cybersecurity and missile defense solutions. Centauri has provided high-end engineering and development solutions for critical national security missions focused on space, intelligence, cyber and emerging technologies, such as directed energy and missile defense. 

Centauri has achieved significant growth over the last four years, and has become a leading pure-play space and intelligence solutions provider. The company will bring a highly cleared and technical workforce, space domain awareness and a customer-focused footprint of classified operations to KBR. 

Centauri has continued to expand its pipeline within the Department of Defense (DoD) and intelligence community (IC). Centauri has 22 offices across the United States and more than 1,750 employees. 

KBR will gain a more balanced and more differentiated portfolio that is resilient across business cycles. The acquisition comes after the purchase of Wyle, Honeywell Technology Solutions and Stinger Ghaffarian Technologies, and will create a combined platform with extensive expertise in civil, military, intelligence and commercial space solutions.

"By combining with KBR, Centauri will have greater opportunities to grow as part of a larger and more diversified company," said Dave Dzaran, CEO of Centauri. "As part of KBR, our innovation and initiative will enhance our combined company's ability to develop systems and provide solutions in space, intelligence and cyber."

About KBR

KBR is a global provider of differentiated professional services and solutions across the asset and program life cycle within the government services and technology sectors. KBR employs approximately 28,000 people worldwide with customers in more than 80 countries and operations in 40 countries.

KBR is proud to work with its customers across the globe to provide technology, value-added services, and long- term operations and maintenance services to ensure consistent delivery with predictable results.

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