SAN DIEGO, Nov. 18, 2016 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. ("Kratos") (NASDAQ:KTOS), a leading national security solutions provider, announced today the pricing of an underwritten public offering of 11,670,000 shares of its common stock at a purchase price of $6.00 per share. In addition, Kratos has granted the underwriters a 30-day option to purchase up to 1,750,500 additional shares of common stock to cover over-allotments, if any. All of the shares in the offering are to be sold by Kratos. The offering is expected to close on or about November 23, 2016, subject to customary closing conditions. Kratos expects to use the net proceeds from the offering for general corporate purposes, including funding expected growth and strategic investments in the Company's high performance unmanned aerial vehicle business area and other new programs under contract and reducing overall Company indebtedness in order to facilitate Kratos' long-term strategy. 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. A copy of the final prospectus supplement and accompanying prospectus relating to the offering, when available, may be obtained from Canaccord Genuity, Attention: Syndicate Department, 99 High Street, 12th Floor, Boston, Massachusetts 02110, by telephone at (617) 371-3900, or by email at email@example.com; or from B. Riley & Co., 11100 Santa Monica Blvd., Suite 800, Los Angeles, CA 90025 at (888) 295-0155 and at firstname.lastname@example.org. A registration statement relating to the shares of common stock to be issued in the offering has been filed with the Securities and Exchange Commission (SEC) and is effective. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.