SAN DIEGO, June 25, 2025 – Kratos Defense & Security Solutions (KTOS), a key player in the defense and national security sectors, has announced the pricing of an underwritten public offering of its common stock. The company is offering 12,987,013 shares at a price of $38.50 per share, according to a filing with the Securities and Exchange Commission.
The offering, which is expected to close on June 27, 2025, will generate net proceeds of approximately $483,750,000 for Kratos, after deducting underwriting discounts and commissions. The underwriters also have a 30-day option to purchase an additional 1,948,052 shares.
Kratos plans to deploy the capital strategically. The funds will primarily be used to scale existing programs, support recent program awards, and pursue promising pipeline opportunities. Additionally, the company intends to allocate capital to targeted acquisitions, as well as for general corporate purposes and potential debt reduction.
This move underscores Kratos’ commitment to bolstering its position in a rapidly evolving defense and security landscape. The company’s focus on innovation and cost-effective solutions has positioned it as a key partner in addressing critical national security requirements.
The offering is being managed by a group of underwriters, including Baird, RBC Capital Markets, Truist Securities, and Raymond James.
Kratos’ core business encompasses advanced technologies and products tailored for the defense, national security, and commercial markets. This includes virtualized ground systems, unmanned aerial drone systems, hypersonic vehicles, and advanced electronic products. Kratos emphasizes its ability to deliver innovative and cost-effective solutions.
Regarding Forward-Looking Statements:
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to factors including expectations about the proposed public offering, the anticipated use of proceeds, and other matters that are not historical facts. Such forward-looking statements are based on current beliefs and management’s expectations and are subject to risks and uncertainties. Investors should not place undue reliance on any such forward-looking statements.
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