03:59 AM EDT, 06/26/2025 (MT Newswires) -- Kratos Defense & Security Solutions (KTOS) said late Wednesday it priced a public offering of about 13 million common shares at $38.50 per share.

The underwriters have been granted a 30-day option to purchase up to 1.9 million additional shares.

Net proceeds, estimated to be about $483.8 million, will be used to fund investments, capital expenditures, acquisitions, and general corporate purposes, the company said.

Closing of the offering is expected to occur Friday, subject to customary closing conditions.