KAL Capital Advises on the Sale of FTT to Kratos (NASDAQ: KTOS)

We are pleased to announce that our client Florida Turbine Technologies (FTT) has been acquired by Kratos Defense & Security Solutions (NASDAQ: KTOS). KAL Capital Markets served as the exclusive investment banking advisor to FTT.

FTT specializes in the engineering, development, and testing of gas turbines, propulsion components, turbopumps, and systems for military and commercial aircraft, space propulsion, as well as industrial applications including clean power generation, and oil and gas.

FTT was founded in 1998 and is based in Jupiter, FL. The company has additional offices in Oklahoma, Puerto Rico, Canada, Germany, and the United Kingdom.

Please see the official release here..

Globe Newswire Release