Kratos closes $1.2B net equity offering of 14.3M shares at $84; over-allotment exercised

KRATOS DEFENSE & SECURITY SOLUTIONS, INC.

Priced 14,285,714 shares at $84.00; underwriters exercised option for 2,142,857 additional shares.
Net proceeds of ~$1.173B to fund capex, R&D, balance sheet, M&A (Nomad, Orbit), general corporate.
Baird, Raymond James, RBC Capital Markets, Truist Securities acted as joint book-running managers.
Offering closed March 2, 2026; shares sold via effective shelf registration on Form S-3ASR.
Use includes scaling operations for DoD/National Security programs and strategic acquisitions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. entered into Underwriting Agreement with Robert W. Baird & Co. Incorporated, as representative of the several underwriters valued at $84.00 per share (effective 2026-02-26).

Action: entry
Agreement: underwriting
Counterparty: Robert W. Baird & Co. Incorporated, as representative of the several underwriters
Value: $84.00 per share
Effective: 2026-02-26

Exact text from the filing

On February 26, 2026, Kratos Defense & Security Solutions, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Robert W. Baird & Co. Incorporated, as representative of the several underwriters named therein

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KRATOS DEFENSE & SECURITY SOLUTIONS, INC. filing history →

Source: SEC EDGAR

accession 0001069258-26-000024

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