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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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 (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.

Kratos Awarded $8.6 Million Task Order to Complete 50shp Class Recuperated Turbine Engine for Future Group 3 UAVs

SAN DIEGO, June 15, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has been named by the federal government as one of the first two CMMC Third Party Assessment Organizations (C3PAO). As a C3PAO, Kratos will be able to conduct CMMC Level 1-3 assessments once the government completes certain preparatory and authorization steps.

Kratos Named One of the First Cybersecurity Maturity Model Certification (CMMC) Third Party Assessment Organizations (C3PAO)

Kratos Defense & Security Systems is a small but up-and-coming innovator in the aerospace & defense sector - specializing in autonomous systems and satellite/space communications. That makes the company ripe pickings for the ARK Invest funds, which have steadily increased their holdings in KTOS stock.

Kratos: ARK Invest Keeps Buying While The Super-Rich Head Into The Last Frontier (Space)

SAN DIEGO, June 10, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Space & Missile Defense Systems Business Unit, a part of Kratos' Defense & Rocket Support Services Division supported the U.S. Navy's Sixth Fleet, NATO's Naval Striking and Support Forces (STRIKFORNATO) and the Maritime Theater Missile Defense Forum (MTMD-F) in the successful execution of Exercise At-Sea Demonstration/Formidable Shield 2021 at the U.K. Ministry of Defence's Hebrides Range in Scotland. The Exercise included two Kratos medium range ballistic missile targets presented at the same time as the Kratos MQM-178 Firejet aerial target drones, from Kratos' Unmanned Systems Division. The multi-national exercise featured 16 ships, several aircraft and approximately 3,300 personnel from 10 countries.

Kratos Provides Ballistic and Airborne Targets for Formidable Shield 21 Campaign

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SAN DIEGO, May 12, 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 16th Annual Needham Virtual Technology & Media Conference on May 18th at 2:15pm Eastern.

Kratos to Present at the 16th Annual Needham Virtual Technology & Media Conference

Kratos' (KTOS) Q1 revenues increase 15% year over year, led by organic growth in its Unmanned Systems, Space and Satellite, C5ISR, and Microwave Products.

Kratos' (KTOS) Q1 Earnings Beat Estimates, Revenues Rise Y/Y

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Kratos Defense & Security Solutions, Inc. (KTOS) CEO Eric DeMarco on Q1 2021 Results - Earnings Call Transcript

Kratos: Bargain-Priced Player In Space Economy, AI, Autonomous Systems Businesses

First Quarter Revenues of $194.2 Million, Increased 15.0 percent over First Quarter 2020

Kratos Reports First Quarter Financial Results

SAN DIEGO, May 05, 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 the Skyborg leadership team successfully completed its objectives following a multi-flight series of flight tests with the Skyborg autonomy core system (ACS) aboard Kratos UTAP-22 Mako tactical unmanned vehicles at Tyndall AFB, Florida.

USAF, Kratos Complete Milestone 1 of the Autonomous Attritable Aircraft Experimentation (AAAx) Campaign with Successful Flight Test Series

SAN DIEGO, May 03, 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 Goldman Sachs Virtual Conference on May 11th at 11:20am Eastern.

Kratos to Present at the Goldman Sachs Industrials & Materials Conference 2021

SAN DIEGO, April 26, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider, announced today that it will publish financial results for the first quarter of 2021 after the close of market on Wednesday, May 5, 2021. Management will discuss the Company's operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern).

Kratos Defense & Security Solutions Schedules First Quarter 2021 Earnings Conference Call for Wednesday, May 5th

Kratos is an amalgamation of several business segments related to the defense sector. The space communications and the unmanned vehicles business units stand out.

Kratos: Growth Profile Change On The Horizon

SAN DIEGO, April 21, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it had received more than $30 million to support space-related U.S. national security efforts. The follow-on awards are to previous contracts, implementing advanced technologies to provide better system performance.

Kratos Awarded Approximately $30 Million to Support Space-Related National Security Efforts

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SAN DIEGO, April 05, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, announced today that the Air Force Research Laboratory, in partnership with Kratos Unmanned Systems Division and Area-I, successfully completed the XQ-58A Valkyrie's sixth test/demonstration flight and first release from its internal weapons bay on Friday, March 26, 2021, at Yuma Proving Ground, Arizona.

Kratos XQ-58A Valkyrie Successfully Completes Sixth Flight, Including First Payload Release from Internal Weapons Bay

SAN DIEGO, April 05, 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, today announced that Micro Systems, Inc., a wholly owned subsidiary of Kratos Defense & Security Solutions, Inc. and part of the Kratos Unmanned Systems Division, has received an $85,949,472 contract award, with a $60.7M base and two options totaling approximately $25.3M, from the U.S. Army to support the Army Ground Aerial Target Control System, including software updating, cyber security inspections and installation of replacement parts.

Kratos Wins $86 Million, Assuming All Options Exercised, Single Award U.S. Army Contract for Drone Command and Control Systems

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