Noble Capital Markets Served as Co-Manager to Kratos Defense & Security Solutions (KTOS) in $345mm Follow-on Offering

February 2024

Noble Capital Markets is pleased to announce its role as Co-Manager in the completion of Kratos Defense & Security Solutions, Inc.’s recent underwritten follow-on offering of 16,666,667 shares of its common stock at a price of $18.00 per share. The transaction priced on February 22, 2024.

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets.  Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements.  At Kratos, affordability is a technology, and we seek to utilize proven, leading edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions.  We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low cost future manufacturing which is a value add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers.

This transaction highlights Noble’s ongoing commitment to providing strategic capital markets and advisory services to middle-market companies across a wide range of sectors. With deep sector knowledge and a client-first approach, Noble supports companies throughout their lifecycle — from capital formation to M&A execution. 

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For more information on this transaction, contact Francisco Penafiel @ fpenafiel@noblecapitalmarkets.com