Booz Allen Hamilton announced that it has entered into a definitive agreement to acquire Ultra I&C Mission Solutions from Cobham Ultra Group, an Advent portfolio company, for $720 million.
Ultra I&C Mission Solutions is a defense technology business specializing in mission-critical software, encryption, and edge-compute products.
Booz Allen said the acquisition will strengthen its defense technology portfolio as commercial technologies become increasingly important to modern warfighting and national security missions.
Ultra I&C Mission Solutions develops technologies that help warfighters integrate, secure, and operationalize data at the tactical edge. Its core offerings include Apex, ADSI, ACTS, Rain, and Knox, which support command-and-control, edge computing, secure data movement, and encryption in contested or disconnected environments.
Booz Allen said these offerings will expand its portfolio of AI-driven battle management, resilient communications, and edge infrastructure solutions, including Modular Detachment Kit, EdgeXtend, and Sit(x).
The combined platform is expected to be available to national security clients worldwide and support increased product integration and commercially available solutions through outcomes-based procurement, Foreign Military Sales, and other go-to-market channels.
Ultra I&C Mission Solutions operates across three business lines: Mission Software, Edge Compute, and Encryption Management. The business employs approximately 220 people, including about 135 specialized engineers, across five U.S. facilities and is headquartered in Austin, Texas.
Booz Allen expects revenue from the acquisition to grow at a strong double-digit rate for the next several years, with EBITDA margins well above 20%.
The transaction is expected to close in the second quarter of Booz Allen’s fiscal year 2027, ending September 30, 2026, subject to customary closing conditions. After closing, Ultra I&C Mission Solutions will operate as a wholly owned subsidiary of Booz Allen.
Jefferies served as exclusive financial advisor to Booz Allen, with PwC as accounting and tax advisor, King & Spalding as legal advisor, and Renaissance Strategic Advisors as strategic industry advisor. Ultra I&C Mission Solutions and Advent retained Baird as exclusive financial advisor, KPMG as accounting and tax advisor, and Latham & Watkins as legal advisor.
KEY QUOTES:
“Technological superiority is essential to U.S. national security, and maintaining our advantage requires a relentless focus on speed and outcomes. Booz Allen is strategically investing to accelerate delivery of our defense tech products into national security missions. Now, by integrating Ultra Mission Solutions into our robust portfolio, we are further strengthening our ability to rapidly build and field the commercial products that will keep America ahead.”
Horacio Rozanski, Chairman and CEO of Booz Allen
“We are investing in reliable, scalable solutions that help unite the defense technology ecosystem. This combination provides a foundation for our continued investment to harness advantage from commercial technology innovation.”
Steve Escaravage, President of Booz Allen’s Defense Technology Business
“Our customers operate where failure isn’t an option, and meeting that standard has always defined our work. 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.”
Mladen Brkic, President of Ultra Mission Solutions
“Ultra Mission Solutions has established itself as a trusted partner to the U.S. military and its allies with a portfolio of capabilities designed for the next generation of national security missions. We are proud to have invested in those leading-edge solutions and are confident that Booz Allen is the right home to scale that vision further.”
Mike Marshall, Managing Director at Advent
