Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) has announced its intention to offer the sale of USD 200,000,000 of shares of its common stock in an underwritten offering, the company said.
Underwriters will have a 30-day option to purchase up to an additional USD 30,000,000 of shares of common stock from Kratos. All of the shares in the offering are to be sold by Kratos.
Kratos expects to use the net proceeds from this offering for general corporate purposes, including for potential strategic tuck-in acquisitions, to further position the Company for projected growth from new and anticipated increased production and to facilitate its long-term strategy.
Goldman Sachs & Co. LLC is acting as the sole book-running manager for the offering.
Kratos Defense & Security Solutions, Inc. develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises.