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Kratos Defense & Security Solutions Announces Public Offering of Common Stock

San Diego – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) in the Company's underwritten public offering of 14,000,000 shares of its common stock (excluding the underwriters’ option to purchase an additional 2,100,000 shares) at a purchase price of $12.25 per share. The net proceeds to Kratos from the offering, after deducting underwriting discounts and commissions, are expected to be approximately $162,067,500. Kratos develops transformative, affordable technology for the Department of Defense and commercial customers.

Corporate Partner Teri O’Brien  led the Paul Hastings team, which also included associates Melissa GarciaSpencer Young and Taylor Denson.

Kratos expects to use the net proceeds from the offering to position itself for projected growth from new and anticipated increased production on under contract programs and expected to be received new programs and contracts, to reduce its indebtedness in order to reduce the Company’s cost of capital and facilitate its long-term strategy, and for general corporate purposes, including potential acquisitions.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.