Kratos Seeks $1B In Share Sale

Kratos XQ-58A Valkyrie first flight

The XQ-58A Valkyrie demonstrator.

Credit: U.S. Air Force
Kratos Defense & Security Solutions said late Feb. 26 that it plans to raise $1 billion gross via a share sale of its common stock. In a statement released after regular trading closed, Kratos said it expects to use net proceeds to finance unidentified customer and program targeted acquisitions...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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