Kratos Defense & Security Solutions, Inc. Announces Proposed Public Offering Of Common Stock

Core Viewpoint - Kratos Defense & Security Solutions, Inc. plans to offer $500 million of its common stock in an underwritten offering to fund investments in national security priorities and for general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of $500 million in common stock, with an additional 30-day option for underwriters to purchase up to $75 million more [1]. - The offering is subject to market conditions and other factors [1]. - The offering will be conducted under an effective shelf registration statement filed with the SEC [4]. Group 2: Use of Proceeds - Net proceeds from the offering will be used to fund investments and capital expenditures for national security programs and high-probability pipeline opportunities [2]. - Funds will also be allocated for customer and program targeted acquisitions, as well as general corporate purposes, including debt repayment [2]. Group 3: Management and Underwriters - Baird, RBC Capital Markets, Truist Securities, and Raymond James are acting as joint book-running managers for the offering [3]. Group 4: Company Overview - Kratos specializes in technology, products, systems, and software for defense, national security, and commercial markets, focusing on affordability and rapid development [6]. - The company aims to be a leader in innovative solutions, particularly in areas such as unmanned aerial systems, hypersonic vehicles, and virtualized ground systems for satellites [6].