Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. provides mission critical products, services and solutions for United States national security priorities. Its products include microwave electronic products, satellite communications, modular systems, and rocket support operating. The company was founded on December 19, 1994 and is headquartered in Round Rock, TX.

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Earnings data Q4 2023

Earnings data Q1 2024

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Kratos Defense reports strong Q4 earnings, eyes sustained growth

Kratos Defense & Security Solutions delivered strong financial performance in Q4 '22 and FY '22, with a focus on cost reduction and margin improvement for FY '23.
The company's strategic investments in technology are paying off, driving revenue, profit, and cash flow growth, positioning Kratos for a successful transition year in 2023.
While facing challenges such as supply chain delays and financial management, Kratos remains well-equipped to capitalize on opportunities in space communications, target drones, and strategic partnerships.
Overall, Kratos' outlook for 2023 is optimistic, with sustained growth expected across key business segments and promising developments in defense programs and aerospace collaborations.

Kratos Defense reports strong Q1 earnings amidst growth opportunities

Kratos Defense & Security Solutions is on track for sustained future growth, focusing on margin improvement and addressing challenges from supply chain disruptions and inflation. The company's tactical jet drones and contract wins position it well for continued success in the defense industry.

Kratos Defense & Security Solutions excels in Q2, eyes hypersonics market

Kratos Defense & Security Solutions delivered a strong Q2 performance, showcasing growth in revenues and cash flows. Despite facing challenges in working capital and production lead times, the company remains confident in meeting its 2023 financial objectives. With a focus on technological innovation and market share expansion, Kratos is poised for continued success in the defense and security sector.

Kratos Defense reports robust Q3 performance amidst strategic investments

Kratos Defense & Security Solutions showcased strong performance in Q3 2023, with a strategic focus on technology development and revenue growth.
While facing challenges like margin pressure and operational hurdles, the company is leveraging opportunities in Unmanned Systems and engine programs.
Investments in automation and a cautious approach to program success prediction reflect Kratos' balanced strategy for sustainable growth.
Overall, Kratos remains optimistic about its future prospects, driven by key programs, partnerships, and a commitment to innovation.

Kratos Defense excels in Q4, eyes growth in Unmanned Systems

Kratos Defense & Security Solutions delivered strong financial results in Q4 2023 and exceeded full-year revenue expectations, setting a positive tone for 2024.
The company's strategic focus on key growth areas, robust opportunity pipeline, and investments in production facilities underscore its commitment to sustained growth.
While facing challenges such as supply chain disruptions and operating hurdles, Kratos remains optimistic about its financial trajectory and growth prospects in 2024.

Kratos excels in Q1, eyes satellite launches for growth

Kratos Defense & Security Solutions demonstrated robust performance and strategic investments in Q1, setting the stage for future growth and innovation.
While facing challenges such as government contracting timelines and space contract delays, the company's strengths in partnerships and vertical integration bolster its competitive edge.
With a focus on expanding into satellite launches, unmanned systems, and advanced technologies, Kratos is poised to capitalize on emerging opportunities and drive sustained success.

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Kratos Defense & Security Solutions, Inc. engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions. The US segment refers to the unmanned aerial, unmanned ground, unmanned seaborne and related command, control and communications system businesses. The company was founded on December 19, 1994, and is headquartered in Round Rock, TX.

Kratos Defense & Security Solutions, Inc's (NASDAQ: KTOS) Kratos Unmanned Systems Division received a $20 million contract award from an international customer for high performance, unmanned aerial target drone system aircraft and related services. The procurement includes aerial target drones, spares and consumables, a ground control station (GCS), ground support equipment, launching systems, and payloads.

Kratos Secures $20M International Drone Contract

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) has received an ~$50 million contract value increase for an existing Command, Control, Communications, Computing, Combat System and Intelligence, Surveillance and Reconnaissance (C5ISR) Program.  Under this Program, Kratos provides specialized products, hardware, engineering, and other services and deliverables.

Kratos Secures $50M Contract Value Increase For C5ISR Program

SAN DIEGO, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has recently received an approximately $50 million contract value increase for an existing Command, Control, Communications, Computing, Combat System and Intelligence, Surveillance and Reconnaissance (C5ISR) Program.  Under this Program, Kratos is providing specialized products, hardware, engineering and other services and deliverables.  Kratos C5ISR business manufactures and provides specialty hardware, products and systems in support of certain of the United States and its Allies most important and Mission Critical National Security programs, including Unmanned Aerial Drone systems, Missile & Radar Systems, High Power, Directed Energy and Hypersonic Systems, Naval Combatant and Space and Satellite Communication Systems.  Work under this program is being performed at secure Kratos and customer manufacturing facilities and locations.  Due to customer, competitive, security related and other considerations, no additional information will be provided related to this National Security related Program.

Kratos Receives $50 Million Contract Value Increase for C5ISR Program System Hardware Platform

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) has received ~$14 million in contract awards for logistics support, spares, consumables, and support needed to address the demand for its customer drone system operations. The company did not disclose any additional information citing customer-related, competitive, security, and other considerations.

Kratos Bags $14M Contract Awards Linked To Drone System

SAN DIEGO, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that it has recently received approximately $14 million in contract awards for logistics support, spares, consumables, and support needed to address the growing demand for Kratos' customer drone system operations.   Due to customer-related, competitive, security, and other considerations, no additional information will be provided.

Kratos Wins $14 Million in Contract Awards for Drone System Logistics Support, Spares, and Consumables

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) and Kymeta entered a strategic partnership to jointly develop products and solutions that will enable modern, virtualized ground systems to better leverage the capabilities of the next-generation mobile satellite antennas. Deal terms not disclosed.

Kratos Partners With Kymeta To Advance Virtualized Ground Systems

REDMOND, Wash. & SAN DIEGO--(BUSINESS WIRE)-- #GEO--Kymeta (www.kymetacorp.com), the communications company making mobile global, and Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading national security and space solutions provider, announced today a strategic partnership to jointly develop products and solutions that will enable modern, virtualized ground systems to better leverage the capabilities of next generation mobile satellite antennas. Among the broader goals of the partn

Kratos and Kymeta Join Forces to Develop Solutions that Integrate Advanced Antenna Technologies with Software-Defined Ground Systems

Satellite Operators and Ground Station-as-a-Service Providers Can Fully Orchestrate TT&C, Wideband Data Downlink, and Packet Processing of Mission Data Satellite Operators and Ground Station-as-a-Service Providers Can Fully Orchestrate TT&C, Wideband Data Downlink, and Packet Processing of Mission Data

Kratos Releases Earth Observation & Remote Sensing Service Chain Enhancements for its OpenSpace Platform

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) has signed an agreement with Hypersonix Launch Systems Ltd. to launch the DART AE multi-mission hypersonic drone technology demonstrator.

Hypersonix, Kratos Join Forces To Develop, Fly DART AE Hypersonic Drone

Curtiss-Wright

Mercury Systems

Berenberg analyst Christopher Rieger initiated coverage of four U.S. aerospace and defense company stocks. The analyst initiated Curtiss-Wright Corp (NYSE:CW) with a Buy rating and a price target of $170.

Berenberg Is Bullish On Curtiss-Wright, Mercury Systems, Kratos

Goldman Sachs analyst Noah Poponak downgraded Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) to Neutral from Buy and lowered the price target to $21 from $30. The analyst says the Air Force leadership's recent call for new programs to purchase loyal wingman tactical drones alongside major parts of its fleet looks like a long-term positive for Kratos.

Goldman Sachs Downgrades This Security Solutions Provider

SAN DIEGO, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider, today announced that its President & CEO, Eric DeMarco, and its Executive VP & CFO, Deanna Lund, will present at the Needham Virtual Growth Conference on January 12th at 4:15pm Eastern.

Kratos to Present at the 24th Annual Needham Virtual Growth Conference

Kratos (KTOS) clinches a modification contract to procure 65 BQM-177A Sub sonic Aerial Targets for the U.S Navy and its foreign allies.

Kratos (KTOS) Wins Modification Contract for Combat Drones

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) stated that Kratos Unmanned Aerial Systems (KUAS) had secured a ~$50.92 million contract modification to a previously awarded firm-fixed-price contract. This modification exercises an option to procure 65 BQM-177A Subsonic Aerial Targets, 50 for the Navy, seven for the government of Japan, and eight for the government of Saudi Arabia, and associated technical and administrative data in support of full-rate production lot three.

Kratos Secures $50M Sole Source Contract Option Award For Aerial Target Drones

SAN DIEGO, Dec. 28, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today following the Government announcement, that Kratos Unmanned Aerial Systems (KUAS) has been awarded a $50,917,490 contract modification (P00007) to a previously awarded firm-fixed-price contract (N0001920C0075). This modification exercises an option to procure 65 BQM-177A Subsonic Aerial Targets, 50 for the Navy, seven for the government of Japan, and eight for the government of Saudi Arabia, as well as associated technical and administrative data in support of full rate production lot three. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity. Due to customer-related, competitive, security, and other considerations, no additional information will be provided.

Kratos Receives $50 Million Sole Source Contract Option Award for 65 Production BQM-177A Aerial Target Drones from U.S. Navy

Kratos (KTOS) reported earnings 30 days ago. What's next for the stock?

Why Is Kratos (KTOS) Down 3.5% Since Last Earnings Report?

Kratos Defense and Security Solutions is among the preferred partners of US national security institutions. The company has achieved remarkable results in providing high-tech scalable solutions to satellite operators, aerial systems, and general projects for the US Air Forc

Kratos: A Defense Partner Beginning To Turn Around

Kratos' (KTOS) Unmanned Systems Division clinches a $4.1-million contract for the aerial target drone system aircraft.

Kratos' (KTOS) KUSD Arm Wins $4M International Contract

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) received the initial ~$4 million in funding on a new, single award, Command, Control, Communication, Computing, Combat System, Intelligence, Surveillance & Reconnaissance (C5ISR) program. The award's total potential program value is ~$75 million, including production.

Kratos Secures Initial $4M In Single Award Funding On New C5ISR Program Award

Kratos Defense & Security Solutions, Inc's (NASDAQ: KTOS) Kratos Unmanned Systems Division (KUSD) has received a $4.1 million contract award from an international customer for unmanned aerial target drone system aircraft and related services. Kratos plans to perform work under this contract at secure Kratos manufacturing facilities and customer locations.

Kratos Pockets $4.1M Unmanned Aerial Vehicle System Contract

SAN DIEGO, Nov. 26, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has recently received an initial production order for a new, affordable, high performance jet engine for an aerial vehicle application from a national security related customer.  Kratos is currently under contract from several government and other national security related customers for the development of next generation, affordable, high performance turbojet, turbofan, and other engine types for unmanned aerial system (UAS) aircraft, cruise missiles, powered munitions, and other related leading technology systems.  Work under this new, initial production order will be performed at a secure Kratos manufacturing facility.  Due to competitive, customer related, security related, and other reasons, no additional information will be provided related to this recent contract award.

Kratos Receives Initial Production Order for Affordable, High Performance Jet Engines for Aerial System Application

SAN DIEGO, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has received a delivery order valued at $12 million for satellite and communication system products, hardware and equipment. This is against a previously awarded contract.

Kratos Awarded $12 Million Contract to Provide Satellite Command and Control System Products and Sustainment

Strong Adoption in Support of Government, Defense and Intelligence Applications Continues Momentum Strong Adoption in Support of Government, Defense and Intelligence Applications Continues Momentum

Growth Continues for Kratos OpenSpace quantum and SpectralNet Products in Q3 Supporting Digital Transformation of Satellite Ground Systems

SAN DIEGO, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance unmanned systems, announced today that Kratos Unmanned Aerial Systems (KUAS), a unit of the Kratos Unmanned Systems Division, has exclusively partnered with RPS Defense (RPS) to provide a range of operational and maintenance services to support Kratos Tactical UAS and the corresponding technologies during the transition of these systems from prototype and demonstration to real-world military operations.

Kratos Partners with RPS Defense for Tactical UAS Operational and Maintenance Services

Kratos Defense (KTOS) third-quarter 2021 results reflect the impact oflower revenues fromlegacy government services and Training Solutions business, which led to a decline of 0.7% in total revenues.

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