Kratos Defense & Security Solutions Announces Public Offering of Common Stock
San Diego, CA – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, in the Company's underwritten public offering of 10,350,000 shares of its common stock at a purchase price of $7.25 per share. Kratos is a leading technology, intellectual property and proprietary product and solution company focused on the United States and its allies' national security.
Kratos currently intends to use the net proceeds from the offering to reduce overall Company indebtedness in order to facilitate Kratos’ long-term strategy and for general corporate purposes, including the funding of certain new growth opportunities in the Company’s Unmanned Systems and Satellite Communications, Technology and Training businesses.
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