KBR buys Stinger Ghaffarian Technologies

Government services contractor KBR said this week it has completed the acquisition of Stinger Ghaffarian Technologies.

The acquisition "represents a significant step forward in KBR's strategy to expand its high-tech professional services across the Government Services sector," particularly in space exploration "and opens up significant new opportunities in both commercial and military space," a company statement reads.

SGT will be integrated into KBRwyle, KBR's government services segment, and SGT will maintain much of its current structure to ensure business continuity.

"We are excited to bring SGT into the KBRwyle family," KBR President and CEO Stuart Bradie said. "As a combined team we have substantial opportunities for new growth and we are well positioned to capitalize on revenue synergies in a market with strong fundamentals."

Bradie called the purchase "a very deliberate move to enact our long term strategy within the government services market, NASA and the broader space industry."