Fairborn defense contractor celebrates its first acquisition

Peerless Technologies Fairborn offices. Contributed

Credit: AARON

Credit: AARON

Peerless Technologies Fairborn offices. Contributed

Peerless Technologies Corp., a defense company celebrating its 25th anniversary this year, just made its first acquisition, the company said Monday.

The acquisition of Statheros LLC, of Knoxville, Tenn., strengthens Peerless’ place in the realms of artificial intelligence and machine learning, electromagnetic spectrum operations, and container-based software capabilities, the company said.

The acquisition, which closed today, also expands Peerless' customer base, the business said.

“Peerless has undergone a deliberate, strategic transformation to be a provider of innovative, digitally enabled solutions and technologies leveraging our 20-plus years of customer-first systems engineering services,” Peerless President Andrea Kunk said in a statement. “Our investment in Statheros enhances our recent internal investments in tools, processes, and internal research and development to align with the mission of our customers.”

Andrea Kunk is president of Peerless Technologies. Company image

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A company spokesman said the acquisition adds nine jobs to Peerless.

Based on East National Road, Peerless said it continues to focus on research and development, digital systems engineering, multi-spectral operations, modeling and simulation, software engineering and other capabilities important to national defense.

“Peerless’ resources, outstanding leadership, and complementary capabilities enable us to elevate our mission-first services and create even more value for our clients,” said Statheros President David Murray, who founded Statheros in 2021.

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