Paul Hastings Advises Kratos Defense in $100M Offering for Acquisition of Composite Engineering
San Diego, CA (May 11, 2012) - 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 Company's underwritten public offering of 20,000,000 shares of its common stock at a purchase price of $5.00 per share.
The offering is in connection with Kratos Defense's agreement to purchase Composite Engineering, Inc., a manufacturer and developer of unmanned aerial target systems and composite structures used for National Security programs , for $155 million. The offering is expected to close on May 14, 2012.
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.
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