Stock of Kratos Defense & Security Solutions, Inc. (KTOS) is moving down about 7 percent on Friday morning trading over the pricing of an underwritten offering of about 14.29 million shares at $84 per share.
The company's shares are currently trading at $85.20 on the Nasdaq, down 7.55 percent. The stock opened at $92.14 and has fell as low as $84.56 so far in today's session. Over the past year, it has traded in a range of $25.11 to $134.00.
The net proceeds of approximately $1.172 billion will be utilized to make important capital expenditures, invest in new product, system and software product development, and fund the recent acquisition of Nomad.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.