Aerospace Group:

Business/Financial

Securitas Completes Acquisition Of Kratos’ Public Safety & Security Division

By Cal Biesecker

Monday, June 11th, 2018

SHARE:

Securitas Completes Acquisition Of Kratos’ Public Safety & Security Division

Kratos' Mako UAS

Sweden’s Securitas on Monday completed its $70.7 million acquisition of the Public Safety & Security (PSS) Division of Kratos Defense & Security Solutions [KTOS], expanding its business in the U.S. and adding more capabilities to its electronic security unit.For Kratos, the sale of its $150 million PSS business will allow it to focus on its defense work.The PSS division does systems integration work around video surveillance, access control, communications, building automation, and fire and safety.“This divestiture continues the successful execution…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]