Author: Jane Edwards|| Date Published: January 29, 2021
Stockholders of Mikros Systems have approved the company’s merger with McKean Defense Group, an employee-owned company in Philadelphia focused on integrating information technology across shipboard systems.
With the approval, McKean and Mikros expect the transaction to conclude by Jan. 30, Saturday, the companies said in a joint release published Thursday.
McKean signed a definitive agreement in November to acquire Mikros for approximately $4.6 million in cash, or $0.13 per share, as part of a push to expand its Navy portfolio with the addition of technology capabilities from the transaction.
Mikros develops and manufactures electronic systems for advanced maintenance in military, commercial and industrial applications. Its capabilities include electronic systems engineering and integration, tech management and radar systems engineering.
Nine companies win spots on Navy unmanned systems contract Work covers design, testing, deployment and sustainment support Autonomous maritime platforms…
Anthropic reportedly explores massive new funding round Anthropic deepens focus on AI-driven cyber defense and national security Its growth highlights…
Elsevier highlights growing impact of geopolitical tensions on research Governments face tension between security priorities and open science goals AI…
Deltek’s 2026 GovCon Clarity Report found contractors accelerating operations and AI adoption while struggling to maintain profitability and control. Kevin…
