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Kratos Defense & Security Solutions, Inc. Announces Completion of Public Offering of $575 Million of Common Stock at $38.50 Per Share
Globenewswire· 2025-06-30 12:00
Core Viewpoint - Kratos Defense & Security Solutions, Inc. has successfully completed a public offering of common stock, raising $575 million in gross proceeds to support its strategic initiatives in the defense and national security sectors [1][2][3] Group 1: Financial Details - The offering consisted of 14,935,065 shares at a public price of $38.50 per share, with net proceeds approximately $556 million after deducting underwriting discounts and commissions [1][2] - The funds will be allocated for investments in national security priorities, customer acquisitions, and general corporate purposes, including debt repayment [2] Group 2: Strategic Positioning - The company is positioned to capitalize on a global recapitalization of advanced strategic weapon systems, with expectations of significant opportunities in the next 12 months [3] - Kratos aims to leverage its innovative capabilities to develop cost-effective solutions for mission-critical needs in defense and national security [4] Group 3: Business Focus - Kratos specializes in various areas including virtualized ground systems, unmanned aerial drone systems, hypersonic vehicles, and advanced propulsion systems [4] - The company emphasizes affordability and rapid development to meet customer requirements, aiming to be a leading contractor in high-probability win scenarios [4]