CACI Buys ARKA for $2.6B, Boosting Space Intel

CACI International, a U.S. defense contractor, is acquiring ARKA Group, a space technology firm, for $2.6 billion. This deal, funded by Blackstone Tactical Opportunities, signifies CACIs significant expansion into national security and space-based intelligence. The acquisition comes as demand for defense and intel contracts surges due to escalating geopolitical tensions, increased military spending, and growing investment in space, cyber, and advanced surveillance technology. ARKA brings crucial space-based sensor systems and software, enhancing CACIs space portfolio and strengthening its long-term free cash flow growth. This strategic move underscores defense firms preparedness to tackle global challenges in space and beyond.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.