A major government and military contractor plans to acquire a local defense technology firm as Austin’s space and defense sector continues to see a surge in activity.
“Our customers operate where failure isn’t an option, and meeting that standard has always defined our work,” said Mladen Brkic, president of Ultra I&C. “As part of Booz Allen, we’ll bring greater scale and investment to our employees, products and the critical technologies customers rely on in the most contested conditions and wherever the mission demands it.”
Ultra I&C develops communications, network and AI-powered data software systems. It is a subsidiary of private equity firm Advent International and employs about 220 people across five U.S. facilities including its Austin headquarters.
Booz Allen is a major contractor with the U.S. military, specializing in technology for national security. The company had more than $11.2 billion in annual revenue last year.
The deal is expected to close by Sept. 30, after which Ultra Mission Solutions will operate as a wholly owned subsidiary of Booz Allen.
The acquisition comes during an active time for Austin’s space and defense technology industry.
Saronic recently drew national attention when one of its autonomous surface vessels helped rescue the crew of a downed U.S. Army helicopter near the Strait of Hormuz, according to military officials.