Paul Hastings Advises Kratos Defense & Security Solutions In $115 Million High Yield Offering

July 28, 2011

San Diego, CA  - Paul Hastings LLP, a leading global law firm, announced today that the firm advised Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a provider of products and services for United States national security, in its 144A private placement of $115 million 10 percent Senior Secured Notes due 2017.

The private placement is in connection with the closing of Kratos Defense & Security Solutions acquisition of Integral Systems, Inc., a developer and provider of satellite system command and control software, signal monitoring, telemetry, interference identification, and military range processing products and solutions, which was completed on the same day.

The Paul Hastings team was led by Corporate partners Michael Chernick, Deyan Spiridonov and Teri O'Brien, and included partners Stephen Harris and Alexander Lee and associates Claudia Simon, Eliza Scott, Elizabeth Razzano and Melissa Garcia. Jefferies & Company, Inc. served as placement agent in connection with the offering and as a financial adviser to Kratos on the acquisition.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.

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