Subsequent Events

6 Months Ended

Dec. 28, 2024

Subsequent Events [Abstract]

Subsequent Events

Note 20. Subsequent Events

On January 28, 2025, the Company completed the acquisition of Inertial Labs, Inc, a leading developer, producer and supplier of high-performance orientation, positioning and navigation solutions for aerospace, defense and industrial applications, for $150 million, net of cash acquired, subject to working capital adjustments. Additional consideration included up to $175 million in earn-out payments to be paid in cash predominately based on the achievement of certain revenue targets over a four-year period.

Due to the closing of this acquisition subsequent to the period end, the Company is currently determining the fair value of assets acquired and liabilities assumed necessary to develop the purchase price allocation. Therefore, disclosure of the purchase price allocation to the tangible and intangible assets acquired and liabilities assumed is not practicable.