Kratos Defense Completes Sale of its Public Safety & Security System Integration Business

June 13, 2018

San Diego – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, in the completion of Kratos’ sale of its Public Safety & Security System Integration Business to Securitas Electronic Security, Inc. At the transaction close, Kratos received $70.7 million in cash, subject to a working cash adjustment. The firm also advised on CFIUS approvals related to the transaction.

Corporate Partner Teri O’Brien led the Paul Hastings team, which also included Global Trade Controls partner Scott Flicker, associates Melissa GarciaTaylor Denson, Reade Jacob and Randall Johnston.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.