Kratos Defense & Security Solutions, Inc. Prices $86,293,125 Offering of Shares of Common Stock

March 2, 2017

Kratos Defense & Security Solutions, Inc. priced an offering of 11,902,500 shares of its common stock (including the overallotment of 1,552,500 shares as fully exercised) at a price of $7.25 per share for a total offering size of $86,293,125. Kratos is a technology, intellectual property and proprietary product and solution company focused on the national security of the United States and its allies. Kratos's primary focus areas are unmanned systems, satellite communications, microwave electronics, cyber security/warfare, missile defense and combat systems.

S&C represented the underwriters in connection with the offering.

The S&C team was led by Patrick Brown, along with Matthew Barnett, Edward Xia and Emily Yi. Tracey Russell advised on FINRA matters.