Kratos (KTOS) Prices Common Stock Offering at $84 Per Share, Expects $1.17B in Proceeds

Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) is among the 12 best stocks to buy and hold for the next 2 years.

On February 26, Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) priced an underwritten public offering of 14,285,714 shares of common stock at $84.00 per share. The defense contractor expects to receive approximately $1.17 billion in net proceeds after deducting underwriting discounts and commissions. The offering is expected to close on March 2, subject to customary closing conditions.

Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) said that it plans to use the proceeds to make capital expenditures for scaling operations to meet demands from the Department of War and national security customers. Additional funds will support new product and software development, strengthen the balance sheet for anticipated contract awards, and fund the recent acquisition of Nomad and the pending acquisition of Orbit, along with future strategic acquisitions.

Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) provides mission-critical products, services, and solutions to support United States national security priorities.

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