Kratos Defense & Security Solutions Inc (NASDAQ: KTOS) witnessed a decline in after-hours trading following the announcement of a proposed offering. The company revealed its plan to offer $1 billion in shares of common stock through underwritten offerings, with an option for underwriters to purchase an additional $150 million within 30 days. All shares in the offering will be sold by Kratos, with the objective of utilizing the net proceeds for financing purposes. This development contributed to the downward trend in Kratos Defense & Security shares.