Board of Trustees approves Southern Research engineering division sale

The University of Alabama board of trustees late Tuesday approved the sale of Southern Research’s engineering division to Kratos Defense and Security Solutions, based in San Diego, California

The University of Alabama board of trustees late Tuesday approved the sale of Southern Research’s engineering division to Kratos Defense and Security Solutions, based in San Diego, California. The prospective buyer would pay $80 million for the division, according to documents provided by the board. That deal includes $75 million in cash and $5 million…

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