Kratos Defense & Security Solutions Inc. said on Nov. 17 that it plans to sell more stock. The corporation plans to sell up to $50 million to fund the company’s high-performance unmanned combat aerial system program, and to pay down debt, CEO Eric DeMarco said via email.
Canaccord Genuity and B. Riley & Co. are acting as joint book-running managers for the offering. Noble Financial Capital Markets is acting as co-manager.
Shares of Kratos trade on the Nasdaq under the symbol KTOS.
