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Kratos Defense Eyes $1 Billion Boost From Investors
27 Feb
Summary
- Kratos Defense plans to raise $1 billion through a share sale.
- The share offering is priced between $83 and $85 per share.
- US defense stocks have rallied significantly in 2026.
Kratos Defense & Security Solutions Inc. is preparing to raise $1 billion through a new share offering, capitalizing on increased government expenditures in defense. The San Diego-based company is marketing shares within a price range of $83 to $85 each. This range represents a discount to its recent closing stock price. The offering has reportedly been fully subscribed following a confidential marketing period. US defense stocks have experienced a significant upswing throughout 2026, continuing a trend from the previous year. This performance is attributed to heightened geopolitical tensions and expanded military spending plans globally. Earlier in February, Kratos released its first-quarter revenue forecast, projecting between $335 million and $345 million, which fell slightly below analyst expectations. This news preceded the current share sale initiative. Major financial institutions are managing this offering, including Robert W Baird & Co. and Raymond James Financial Inc.
