Kratos Defense & Security Solutions, Inc. completed a public offering of 14,285,714 shares of its common stock at a public offering price of $84.00 per share. The underwriters fully exercised their 30-day option to purchase an additional 2,142,857 shares of common stock, bringing the total shares issued in the offering to 16,428,571. The estimated net proceeds to Kratos from the offering, after deducting underwriting discounts and commissions, are approximately $1,172,999,977. The proceeds are intended to fund capital expenditures for scaling operations, new product and software development, strengthening the balance sheet, financing recent and pending acquisitions (Nomad, Orbit), and for general corporate purposes.