Kratos Defense Announces Sale of its Public Safety & Security System Integration Business to Securitas Electronic Security, Inc.
San Diego – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Kratos Defense & Security Solutions, Inc. (Nasdaq:
The Company’s sale of PSS is expected to significantly improve Kratos’ overall financial position, flexibility and liquidity, reduce Kratos’ net leverage, and improve the Company’s future financial matrices including growth rates, margin and Adjusted EBITDA rates. The sale will also allow Kratos greater focus on its high growth core businesses including unmanned aerial drones, satellite communications, missile defense, training systems and microwave electronics.
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