Kratos Executes Definitive Agreement to Sell Public Safety & Security Division to Securitas Electronic Security, Inc. for Expected Net Proceeds of Approximately $70 Million

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Go back to Kratos Executes Definitive Agreement to Sell Public Safety & Security Division to Securitas Electronic Security, Inc. for Expected Net Proceeds of Approximately $70 Million

Kratos Defense (KTOS) Tops Q4 EPS by 2c, Offers Guidance

February 28, 2018 4:22 PM EST

Kratos Defense (NASDAQ: KTOS) reported Q4 EPS of $0.09, $0.02 better than the analyst estimate of $0.07. Revenue for the quarter came in at $202.2 million versus the consensus estimate of $194.99 million.

Financial Guidance

The Company also announced today that it has signed a definitive agreement to divest its PSS business for net cash proceeds of approximately $70 million, which transaction is expected to close in the next 90 days, contingent on... More