Kratos Defense & Security Solutions, Inc.

Canaccord Genuity acts as Senior Co-Manager on $252.28 Million Follow-On Offering for Kratos Defense & Security Solutions, Inc.

Canaccord Genuity is pleased to announce the completion of a follow-on offering of 15.525 million shares at $16.25 per share, which includes the full exercise of the underwriters’ overallotment option, raising gross proceeds of $252.28 million.

Kratos Defense & Security Solutions, Inc. (NasdaqGS:KTOS) expects to use the net proceeds from this offering for general corporate purposes, including for potential strategic “tuck-in” acquisitions, to further position the Company for projected growth from new and anticipated increased production and to facilitate its long-term strategy.

Kratos is a government contractor at the forefront of the U.S. Department of Defense’s (the “DoD”) recapitalization of strategic weapon systems to address peer and near peer threats and its related Rapid Innovation Initiatives. Kratos is a leading technology, intellectual property, proprietary product and system company focused on the U.S. and its allies’ national security. Kratos’ primary focus areas are unmanned systems, space and satellite communications, microwave electronics, cyber security/warfare, training systems, missile defense, turbine technologies, and C5ISR.

The Canaccord Genuity deal team consisted of Dan Coyne, Jennifer Pardi, John Stack, Tom Gabel, Brian O’Connor, Mike Wright, John Palmeri and Brooke Szczygiel.