Thursday, June 26, 2008

SYS Technologies Gets Approval On Merger

San Diego-based SYS Technologies, a provider of communications products for the Department of Defense and other government agencies, said Thursday that its shareholders have approved a merger with Kratos Defense and Security Solutions. SYS Technologies had previously announced its merger with Kratos in February, in a stock transaction worth roughly $50M. Kratos Defense & Security Solutions is a provider of engineering, IT services, and other services to the national security customers.