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Benzinga
Benzinga
Business
Adam Eckert

Kratos Defense Stock Is Sliding Thursday: Here's Why

Kratos Kratos Defense KTOS
Kratos,Defense,And,Security,Solutions,Sign,And,Logo,On,Silicon

Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) shares are trading lower Thursday after the company announced a public offering of common stock.

What Happened: Kratos announced an underwritten offering of approximately 12.99 million shares of its common stock at a price of $38.50 per share. The company also granted the underwriters a 30-day option to purchase up to an additional 1.95 million shares.

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