Kratos

Canaccord Genuity acts as Joint Bookrunning Manager for US$86 million public offering of common stock by Kratos Defense & Security Solutions, Inc.

Canaccord Genuity is pleased to announce that on March 7, 2017, it completed a public offering of common stock for Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS).  The Company issued a total of 11,902,500 shares of its common stock at a price to the public of US$7.25 per share, which includes the exercise in full by the underwriters of their option to purchase an additional 1,552,500 shares of its common stock.  Canaccord Genuity acted as Joint Bookrunning Manager for the offering.  Kratos expects to use the net proceeds from the offering for debt retirement and general corporate purposes including the funding of certain new growth opportunities in the Company’s Unmanned Systems and Satellite Communications, Technology and Training businesses.

Kratos Defense & Security Solutions is a mid-tier government contractor at the forefront of the Department of Defense's Third Offset Strategy.  Kratos is a leading technology, intellectual property and proprietary product and solution company focused on the United States and its allies' national security.  Kratos is an industry leader in high performance unmanned aerial drone target systems used to test weapon systems and to train the warfighter, and is a provider of high performance unmanned combat aerial systems for force multiplication and amplification.  Kratos is also an industry leader in satellite communications, microwave electronics, cyber security/warfare, missile defense and combat systems.