Kratos to Raise $1B in Stock Offering, $150M Overallotment Option
Kratos Defense & Security Solutions intends to offer $1,000,000,000 of common stock with a 30-day option for an additional $150,000,000 of shares. Net proceeds will finance targeted acquisitions, fund capital expenditures to scale national security programs and support general corporate purposes including offering fees.
1. Offering Details
Kratos plans an underwritten public offering of $1,000,000,000 in common stock with a 30-day overallotment option for an extra $150,000,000 of shares. All shares will be sold by the company under an effective shelf registration, with the transaction subject to prevailing market conditions.
2. Use of Proceeds
The company expects to deploy net proceeds to finance customer- and program-targeted acquisitions, invest in capital expenditures for scaling mission-critical national security priorities and address recent program awards and pipeline opportunities, and to cover general corporate needs including offering expenses.
3. Underwriting and Registration
Robert W. Baird, Raymond James, RBC Capital Markets and Truist Securities are joint book-running managers. The offering is conducted pursuant to a Form S-3ASR shelf registration that automatically became effective on February 26, 2026, with sales executed via a prospectus supplement.