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

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

Kratos’ Fourth Quarter and Fiscal 2017 Financial Results Exceed Company’s Estimates

February 28, 2018 4:20 PM EST

Fourth Quarter 2017 Revenues of $202.2 Million Increase 11.0 Percent over Fourth Quarter of 2016

Fiscal 2017 Revenues of $751.9 Million Increase 12.4 Percent over Fiscal 2016

Kratos Unmanned Systems Division Fiscal 2017 Revenues of $121.7 Million Increase 60.6 Percent over Fiscal 2016

SAN DIEGO, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider, today reported... More

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

February 28, 2018 4:15 PM EST

SAN DIEGO, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has signed a definitive agreement to divest its Public Safety & Security System Integration Business (PSS) for $69 million in cash to Securitas Electronic Security, Inc., subject to a customary net working capital adjustment at closing. Kratos expects to ultimately receive approximately $70 million of net cash proceeds from the transaction, after taking into account amounts to be paid by Kratos pursuant to a negotiated transaction services agreement between the two companies,... More