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.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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 Turbine Technologies (KTT) business has received an ~$3.2 million contract award to develop a Next Generation small engine for a National Security Program. KTT is currently under contract and developing several Next Generation turbojet, turbofan, and other engines for certain National Security priority areas.

Kratos Secures $3.2M Contract For Next Generation Small Engine Development

SAN DIEGO, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that its Kratos Turbine Technologies (KTT) Business has recently received an approximate $3.2 million contract award for the development of a Next Generation small engine for a National Security Program.  KTT is currently under contract and in development for several Next Generation turbojet, turbofan, and other engines for certain National Security priority areas, including unmanned aerial drone systems, cruise missiles, powered munitions and other platforms and systems.  Work under this recent contract award will be performed at a secure Kratos technical, engineering and development facility.  Due to customer, competitive and other considerations, no additional information is being provided related to this recent contract award.

Kratos Receives $3.2 Million Contract Award for Next Generation Small Engine Development for National Security Program

Kratos Defense & Security Solutions, Inc's (NASDAQ: KTOS) Command, Control, Communication, Computing, Combat System, Intelligence, Surveillance and Reconnaissance (C5ISR) Business has received ~$13.2 million in program awards, including for a large U.S. National Security Program.  Kratos C5ISR business provides specialized manufacturing, products, and solutions for critical National Security priorities and programs.

Kratos Bags $13.2M In C5ISR System Product Awards

SAN DIEGO, Sept. 27, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that its Command, Control, Communication, Computing, Combat System, Intelligence, Surveillance and Reconnaissance (C5ISR) Business recently received approximately $13.2 million in program awards, including for a large U.S. National Security Program.  Kratos C5ISR business provides specialized manufacturing, products and solutions for critical National Security priorities and programs, including Nuclear Deterrence, Missile Defense, Radar, High Power Directed Energy, Unmanned Aerial Drone System, Space and Satellite Communication and CBRNE.  Work under these recent contract awards will be performed at secure Kratos manufacturing and customer facilities.  Due to customer, competitive, security related and other considerations, no additional information will be provided related to these recent contract awards.

Kratos Receives $13.2 Million in C5ISR System Product Awards

Deanna H Lund, EVP And CFO at Kratos Defense & Security (NASDAQ:KTOS), made a large insider sell on September 21, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Lund sold 11,500 shares of Kratos Defense & Security at prices ranging from $22.48 to $22.49.

Kratos Defense & Security Insider Sold Over $258 Thousand In Company Stock

Kratos' OpenSpace products will provide virtualized processing to support the TITAN space-ground system Kratos' OpenSpace products will provide virtualized processing to support the TITAN space-ground system

Kratos Delivers First Order to Northrop Grumman for U.S. Army's Tactical Intelligence Targeting Access Node (TITAN) Prototype Program

Kratos Defense & Security Solutions, Inc's (NASDAQ: KTOS) Kratos Unmanned Aerial Systems has secured a $338.07 million Firm Fixed-Price, Cost-Plus-Fixed-Fee, and Time-and-Material contract for BQM-167A Air Force Subscale Aerial Target (AFSAT) lots 17-21 production, out-of-warranty-repairs (OWR), and contractor logistics support (CLS).  Work will be performed at a Kratos manufacturing facility.

Kratos Secures $338M Sole Source Contract From US Air Force For Target Drones

Solution would allow space-related situational awareness data to be quickly accessible to commanders Solution would allow space-related situational awareness data to be quickly accessible to commanders

Kratos Awarded $2.8 Million to Prototype Infrastructure Hardware and Software for Unified Data Library (UDL) to Support U.S. DoD

Among other commercial systems, Kratos Defense & Security specializes in unmanned autonomous drone technology.

DoD's Pivot To Over-The-Horizon Strategy Is Bullish For Kratos' Drone Business

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SAN DIEGO, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider announced today that its Air Wolf Tactical Drone System completed a 100 percent successful flight at the recently approved Burns Flat, Oklahoma Range Facility.  The Kratos Air Wolf Mission, which was the inaugural flight at the Burns Flat Range location, included multiple new payloads carried by the Air Wolf Drone, including a proprietary Kratos artificial intelligence/autonomy system, which has been developed by Kratos specifically for high performance, jet drone aircraft.

Kratos Air Wolf Tactical Drone System Completes Successful Flight at Burns Flat, Oklahoma Range Facility

SAN DIEGO, Aug. 18, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that in the second quarter of 2021 it delivered products supporting the satellite industry's movement toward dynamic, virtualized ground systems to 23 customers around the globe. These included products in Kratos' quantum® and SpectralNet® lines, both of which are part of its OpenSpace™ family of dynamic, virtual ground solutions.

Kratos Announces Continued Product Growth Supporting Virtualized Satellite Ground Systems with Q2 Sales of OpenSpace quantum and SpectralNet Products

No good news is still kind of bad news for Kratos.

Why Kratos Defense Stock Just Crashed 12%

Kratos Defense's (KTOS) Q2 revenues of $205.1 million surpass the Zacks Consensus Estimate by 2.3% and increase 20.4% year over year

Kratos Defense (KTOS) Q2 Earnings Match Estimates, Rise Y/Y

Kratos exceeded expectations in Q2, but predicted it will miss them in the coming quarter.

Why Kratos Defense Stock Just Cratered 13.5%

Kratos Defense & Security Solutions, Inc. (KTOS) CEO Eric DeMarco on Q2 2021 Results - Earnings Call Transcript

Kratos (KTOS) delivered earnings and revenue surprises of 0.00% and 2.31%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Kratos (KTOS) Matches Q2 Earnings Estimates

Shares of Kratos Defense & Security (NASDAQ:KTOS) fell 3.4% in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share fell 25.00% year over year to $0.06, which were in line with the estimate of $0.06.

Kratos Defense & Security: Q2 Earnings Insights

Second Quarter Revenues of $205.1 Million, Increased 20.4 percent over Second Quarter 2020

Kratos Reports Second Quarter Financial Results

Kratos (KTOS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Kratos (KTOS) Q2 Earnings Expected to Decline

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SAN DIEGO, Calif., July 23, 2021 (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 Jefferies Virtual Industrials Conference on August 4th at 3pm Eastern.

Kratos to Present at the Jefferies Virtual Industrials Conference

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) announced partnership with North American Wave Engine Corporation to develop the Versatile Air-Launched Platform (VALP). VALP is an air-launched vehicle designed to leverage and demonstrate low-cost, high-impact technologies for future aerial systems.

Kratos Partners With Wave Engine Corp. To Develop Versatile Air-Launched Platform

Defense & Rocket Support Services Division Contract to Bring New Jobs to Glen Burnie Facility Defense & Rocket Support Services Division Contract to Bring New Jobs to Glen Burnie Facility

Kratos Developing Hypersonic Flight Experiment Test Vehicle in Maryland

SAN DIEGO, June 24, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that Kratos Turbine Technologies (KTT) Division has been awarded an $8.6 million task order under its Advanced Turbine Technologies for Affordable Mission (ATTAM) ID/IQ contract. The program will be managed by the Turbine Engine Division of the Air Force Research Laboratory (AFRL/RQT). Under the contract KTT will complete the design, build, assemble and test of an affordable turboshaft engine for Group 3 UAVs. The engine design is convertible to produce the electrical power required of advanced hybrid electric aircraft. The award follows the successful completion of multiple programs where KTT completed concept and engine trade studies for Group 3 UAVs with the guided leadership of AFRL/RQT. The objective of the awarded task order is to complete the engine development for flight testing and to demonstrate the high-power-to-weight, high-efficiency, and increased durability of the recuperated engine design. Work will be performed by KTT in Florida.

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