Henry Bros. Electronics (HBE) to Merge with Kratos Defense (KTOS) to Create Leading Industry Opportunity
Henry Bros. Electronics Inc. provides technology-based integrated electronic security solutions for commercial enterprises and government agencies. The company yesterday announced a merger agreement with Kratos Defense & Security Solutions, a company providing mission critical products and solutions for U.S. national security. The move is expected to create a stronger market presence and growth opportunity for both companies. "This transaction combines two leaders in the defense and security solutions market, creating a great opportunity for our organization, customers and shareholders," Jim Henry, president and CEO of Henry Bros. stated in the press release. "As a much larger organization, the combined company…