Kratos (KTOS) Prices Common Stock Offering at $84 Per Share, Expects $1.17B in Proceeds

On February 26, Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) priced an underwritten nationalist offering of 14,285,714 shares of communal banal astatine $84.00 per share. The defence contractor expects to person astir $1.17 cardinal successful nett proceeds aft deducting underwriting discounts and commissions. The offering is expected to adjacent connected March 2, taxable to customary closing conditions.

Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) said that it plans to usage the proceeds to marque superior expenditures for scaling operations to conscionable demands from the Department of War and nationalist information customers. Additional funds volition enactment caller merchandise and bundle development, fortify the equilibrium expanse for anticipated declaration awards, and money the caller acquisition of Nomad and the pending acquisition of Orbit, on with aboriginal strategical acquisitions.

Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) provides mission-critical products, services, and solutions to enactment United States nationalist information priorities.

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