Paul Hastings Advises Kratos Defense & Security Solutions in $304 Million Bond Offering

March 28, 2011

San Diego, CA (March 28, 2011) - Paul, Hastings Janofsky & Walker LLP, a leading global law firm, announced that the firm advised Kratos Defense & Security Solutions, Inc., a provider of products and services for United States national security, in the private offering by the companys wholly owned subsidiary, Acquisition Co. Lanza Parent, of $285 million aggregate principal amount of its 10% Senior Secured Notes due 2017.

The gross proceeds of approximately $304 million from the offering will be used to finance the previously announced acquisition of all of the outstanding shares of common stock of Herley Industries, Inc.

Corporate partners Deyan Spiridonov, Teri O'Brien, and Michael Chernick led the Paul Hastings team, which included partners Stephen Harris and Alexander Lee and associates Eliza Scott, Elizabeth Razzano, and Melissa Garcia.

About Kratos Defense & Security Solutions, Inc.: Headquartered in San Diego, CA, Kratos Defense & Security Solutions, Inc. provides mission critical products, services and solutions for United States national security. Principal products, services and solution offerings relate to and support critical infrastructure security system design and integration.

Paul, Hastings, Janofsky & Walker 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.

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