Kratos Enters Agreement to Sell PSS Business to Securitas Electronic Security

TYSONS CORNER, VA, March 2, 2018 — Kratos Defense and Security Solutions (Nasdaq: KTOS) plans to sell its public safety and security system integration business under an estimated $69 million cash transaction with Securitas Electronic Security, GovCon Wire reported Thursday.

Kratos said the definitive deal is anticipated to close over the next three months and generate $70 million in net proceeds as the company works to focus efforts on core businesses.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA.

David Smith
(703) 226-7002


This entry was posted in News and tagged , , , , , , , , , . Bookmark the permalink.