04:28 PM EDT, 06/25/2025 (MT Newswires) -- Kratos Defense & Security Solutions (KTOS) plans to offer $500 million in common stock to the public.

Underwriters will have a 30-day option to purchase up to an additional $75 million in shares, Kratos said Wednesday in a statement.

Net proceeds are expected to fund investments and capital expenditures related to national security programs, finance acquisitions and support general corporate purposes, including debt reduction, the company said.

Kratos shares fell 7.5% in after-hours trading.