Kratos Defense & Security Solutions Completes Acquisition of Critical Infrastructure and Homeland Security Provider Henry Bros. Electronics, Inc.
Acquisition Expected to be Immediately Accretive to Kratos' Earnings Per Share and Significantly Expands Kratos' Surveillance and Security Offering for Homeland Security and Public Safety
Kratos Increases 2011 Financial Guidance
HBE is a leading pure play provider of homeland security solutions, products, and system integration services, including the design, engineering and operation of command and control systems for the protection of strategic assets and critical infrastructure in
The transaction is expected to immediately increase Kratos' earnings per share, cash flow, and cash flow per share, in addition to increasing Kratos EBITDA margin rates. Additionally, Kratos has revised its 2011 financial guidance up to approximately
About
The
About
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements relate to a variety of matters, including but not limited to: the benefits and synergies expected to result from the acquisition; the anticipated customer base for Kratos and HBE; and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and HBE and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and neither Kratos nor HBE undertakes any obligation to update or revise these statements, whether as a result of new information, future events or otherwise.
Factors that could cause actual results to differ materially from the forward-looking statements contained herein include, but are not limited to: any operational or cultural difficulties associated with the integration of the businesses of Kratos and HBE; potential adverse reactions or changes to business relationships resulting from the acquisition; unexpected costs, charges or expenses resulting from the acquisition; litigation or adverse judgments relating to the acquisition; the failure to realize synergies and cost savings from the transaction or delay in realization thereof; and any changes in general economic and/or industry-specific conditions. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the businesses of Kratos and HBE in general, see the
risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended
CONTACT:Source:Kratos Defense & Security Solutions, Inc. Press Contact:Yolanda White 858-812-7302 Investor Information: 877-934-4687 investor@kratosdefense.com
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