Wednesday, May 9, 2012

Kratos Buying a Drone Maker

Kratos Defense & Security Solutions (KTOS) is making an acquisition and floating more stock. The company is selling 20 million shares at $5.00 per share with the net proceeds going toward to the $155 million purchase of privately held drone maker Composite Engineering Inc.

The details are plentiful... KratosDefense.com::Kratos to Acquire Leading Composite Manufacturer and Aerial Target Systems Provider Composite Engineering, Inc.

KTOS closed yesterday (02012.05.08) at $4.77. 52-week range: $4.61 - $13.47.

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