WASHINGTON (dpa-AFX) - Kratos Defense & Security Solutions Inc. (KTOS) said
that it has priced its underwritten offering of 16.67 million shares of its
common stock at a public offering price of $18.00 per share.

KTOS closed Thursday's regular trading at $18.78 down $1.40 or 6.94%. In the
after-hours trading the stock further dropped $0.23 or 1.22%.

The company expects net proceeds from the offering, after deducting underwriting
discounts and commissions, to be about $288 million.

Kratos has also granted the underwriters a 30-day option to purchase up to an
additional 2.50 million shares of common stock. All of the shares in the
offering are to be sold by Kratos. The offering is expected to close on February
27, 2024.

Kratos expects to use the net proceeds to facilitate its long-term strategy,
including potential investment in facilities, expanding manufacturing capacity,
anticipated capital expenditures for expansion of current sole-source/single
award programs and high probability pipeline opportunities, further strengthen
the Company's balance sheet in anticipation of upcoming customer and partner
decisions and source selection on additional large, new program and contract
opportunities, for general corporate purposes.



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