Integral Systems to Combine With Kratos Defense & Security Solutions at $13.00 Per Share

Integral Systems, Inc. ISYS today announced that it has entered into a definitive agreement under which it will be merged with a subsidiary of Kratos Defense & Security Solutions, Inc. KTOS in a cash-and-stock transaction for an enterprise value of approximately $266 million. Kratos is a specialized National Security technology business providing mission critical products, services and solutions for United States National Security priorities. The Boards of Directors of both companies have unanimously approved the combination.