Defense Stock Slips on $500 Million Stock Offering

Shares of Kratos Defense and Security Solutions Inc (NASDAQ:KTOS) are down 2.6% at $41.25 at last glance, after the company announced the sale of $500 million in stock. It is unclear which projects will be funded through the capital raise, but Stifel reiterated its "buy" rating and said that Kratos "enjoys a rich opportunity set to make incremental investments behind growth."Today's dip has KTOS falling further from its recent June 23, 19-year high of $46.52. The stock's February and April pullbacks were bo ...