{"id":350649,"date":"2026-06-25T23:11:14","date_gmt":"2026-06-25T23:11:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/350649\/"},"modified":"2026-06-25T23:11:14","modified_gmt":"2026-06-25T23:11:14","slug":"austin-defense-tech-company-bought-for-720-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/350649\/","title":{"rendered":"Austin defense tech company bought for $720 million"},"content":{"rendered":"<p>A major government and military contractor plans to acquire a local\u00a0<a href=\"https:\/\/www.statesman.com\/business\/technology\/article\/firefly-aerospace-scitec-air-force-contract-22287789.php\" data-link=\"native\" class=\"\" rel=\"nofollow noopener\" target=\"_blank\">defense technology firm<\/a> as Austin\u2019s space and defense sector continues\u00a0to see a surge in activity.\u00a0<\/p>\n<p>\u201cOur customers operate where failure isn\u2019t an option, and meeting that standard has always defined our work,\u201d said Mladen Brkic, president of Ultra I&amp;C. \u201cAs part of Booz Allen, we\u2019ll 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.\u201d<\/p>\n<p>Ultra I&amp;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.\u00a0<\/p>\n<p>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.<\/p>\n<p>The deal is expected to close by Sept. 30, after which Ultra Mission Solutions will operate as a wholly owned subsidiary of Booz Allen.\u00a0<\/p>\n<p>The acquisition comes during an active time for Austin\u2019s space and defense\u00a0technology industry.\u00a0<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"A major government and military contractor plans to acquire a local\u00a0defense technology firm as Austin\u2019s space and defense&hellip;\n","protected":false},"author":2,"featured_media":350650,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[132,134,133],"class_list":["post-350649","post","type-post","status-publish","format-standard","has-post-thumbnail","category-austin","tag-austin","tag-austin-headlines","tag-austin-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/350649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=350649"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/350649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/350650"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=350649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=350649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=350649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}