Paul Hastings LLP 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.
Kratos Defense & Security Solutions, Inc. provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security.
Paul Hastings also advised on CFIUS approvals related to the transaction. Corporate Partner Teri O’Brien (Picture) led the Paul Hastings team, which also included Global Trade Controls partner Scott Flicker, associates Melissa Garcia, Taylor Denson, Reade Jacob and Randall Johnston.
Law Firms: Paul Hastings;
Clients: Kratos Defense & Security Solutions Inc.;