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Paul Hastings Advises Kratos Defense in Public Offering of Common Stock

SAN DIEGO – 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 11,670,000 shares of its common stock at a purchase price of $6.00 per share.

Kratos currently intends to use the net proceeds from the offering for general corporate purposes, including funding its expected growth and strategic investments in its high performance unmanned aerial vehicle business area and other new programs under contract and reducing overall indebtedness in order to facilitate Kratos’ long-term strategy.

Corporate Partners Teri O’Brien and Deyan Spiridonov led the Paul Hastings team, which also included associates Spencer Young, Steven Wright and Taylor Denson.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.