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.

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Western Union (WU) to Offer Its Digital Technology to Kratos

SAN DIEGO, March 09, 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 JPMorgan Virtual Industrials Conference on March 16th at 4:30pm Eastern.

Kratos to Present at the JPMorgan Virtual Industrials Conference

SAN DIEGO, March 04, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has received an $8.9 million subcontract to upgrade four Kratos CH-47F Chinook Avionics Trainers (CATs) and two Kratos CH-47F Maintenance Blended Reconfigurable Aviation Trainers (MBRATs) located at the U.S. Army's 128th Aviation Brigade in Ft. Eustis, Virginia.

Kratos Awarded $8.9 Million Contract for CH-47F Chinook Maintenance Training Systems Enhancements

Kratos Defense's (KTOS) Q4 earnings of 8 cents per share miss the Zacks Consensus Estimate by 20% and also decline 11.1% year over year

Kratos (KTOS) Q4 Earnings Miss Estimates, Revenues Rise Y/Y

Kratos Defense & Security Solutions, Inc. (KTOS) CEO Eric DeMarco on Q4 2020 Results - Earnings Call Transcript

Fourth Quarter and Fiscal 2020 Revenues of $206.4 and $747.7 Million, Increased 11.5 percent and 4.2 percent, respectively, over 2019

Kratos Reports Fourth Quarter and Fiscal 2020 Financial Results

After an impressive run higher, one analyst is moving to the sidelines.

Why Kratos Defense & Security Solutions Stock Was Down Today

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.

Kratos (KTOS) Earnings Expected to Grow: Should You Buy?

Kratos has landed a bevy of recent contract wins and appears to be punching above its weight-class as compared to larger defense and aerospace companies. The company has a strong balance sheet and a strong backlog with a Q3 ending book-to-bill ratio of 1.8x.

Kratos Defense & Security: Strong Order Book, ARK Support, Attractive M&A Target

SAN DIEGO, Feb. 11, 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 fourth quarter and Fiscal Year End 2020 after the close of market on Thursday, February 25, 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 Fourth Quarter and Fiscal Year End 2020 Earnings Conference Call for Thursday, February 25th

SAN DIEGO, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that with the November 2020 deployment in North Dakota, the Unmanned Systems Division has now deployed its self-driving truck, known as the Autonomous Truck Mounted Attenuator (ATMA), in eight locations across the United States and the UK. The success of the ATMA in increasing worker safety has sparked significant interest in the highway maintenance industry leading to a 9th deployment already under contract for this summer and targeted opportunities in 26 additional States for near-term deployments.

Kratos Defense Robotic Self-Driving Unmanned Truck Customer Portfolio Expands as Deployments are Increasing in the United States and Worldwide

SAN DIEGO, Calif., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that Juniper Networks has awarded the company a second Cybersecurity Maturity Model Certification (CMMC) Advisory Services contract. Kratos will update their existing System Security Plan (SSP) to meet the CMMC Level 3, National Institute of Standards and Technology (NIST) SP 800-171 and DFARS clause 252.204-7012 compliance requirements using Juniper solutions.

Kratos Awarded Contract with Juniper Networks for CMMC Advisory Services

Merger and acquisition activity picks up in military drones.

Why Kratos Defense & Security Stock Just Popped 12%

SAN DIEGO, Jan. 13, 2021 (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 Kratos has received an additional order from a long-term international customer for 20 high-performance jet drones and support equipment to satisfy their continuing current and future missions and operations.

Kratos International Customer Orders 20 Additional High-Performance Drones

SAN DIEGO, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that Elekta has awarded it a contract for Federal Risk and Authorization Management (FedRAMP) advisory services. Kratos will support the development of a security authorization package for Elekta's ProKnow Software-as-a-Service (SaaS) offering. For almost five decades, Elekta has been a leader in precision radiation medicine, with Elekta's more than 4,000 employees worldwide committed to ensuring that everyone with cancer in the world has access to – and benefits from – more precise, personalized radiotherapy treatments.

Elekta Awards Kratos Contract for FedRAMP Advisory Services

SAN DIEGO, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that Kratos' Turbine Technologies Division (KTT) has been awarded a $12.7 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). The award follows the successful ground testing of an affordable turbojet designed for use in future low-cost cruise missiles and attritable Unmanned Aerial Vehicles (UAVs).    The design and test of the 200lb thrust-class turbojet engine was completed in under 18 months, demonstrating Kratos' ability to meet the needs of today's warfighter. Testing included characterization of the engine from ignition to overspeed conditions, characterization of engine performance including thrust, fuel efficiency and electrical power output, and engine durability. Testing was performed at the recently commissioned Kratos engine-test facility in Indiantown, Florida.

Kratos Awarded $12.7 Million Task Order to Complete Cost Optimized Turbojet Engine for Future Cruise Missiles and Attritable UAVs

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SAN DIEGO, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that Kratos' Microwave Electronic Products Division (KMED) has recently received a development contract award related to a new planned next generation satellite program.  KMED is a leading provider of microwave products, subsystems and components for missile, radar, missile defense, guided munitions, space and satellite communications and other communications systems and programs.  Work under this new contract and program award will be performed at secure Kratos facilities in Israel.  Due to customer related, competitive and other considerations, no additional information will be provided related to this new opportunity.

Kratos Receives $11 Million Development Contract for Next Generation Satellite Program

SAN DIEGO, Dec. 30, 2020 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider announced today that its Command, Control, Communications, Computing, Combat, Intelligence, Surveillance and Reconnaissance (C5ISR) systems business recently received approximately $10.5 million in system and product orders from United States Government national security related customers.  Kratos' C5ISR business manufactures systems, products and hardware in support of Unmanned Aerial, High Power Directed Energy, Missile, Radar, CBRNE, Strategic Deterrent and other national security programs for the United States and its allies.  Work under these recent contract awards will be performed in secure Kratos facilities.  Due to competitive, customer related and other considerations, no additional information will be provided.

Kratos C5ISR Business Receives $10.5 Million in National Security Related Program Orders

SAN DIEGO, Dec. 29, 2020 (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 $22 million and funded at $11.8 million for satellite and communication system products, hardware and equipment. This modification is against a previously-awarded contract.

Kratos Awarded Contract Modification Valued at $22 Million to Provide Satellite Command and Control System Sustainment

SAN DIEGO, Dec. 28, 2020 (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 Kratos will receive an additional $3,570,194 from the U.S. Navy for the next option of its Contractor Logistics Support (CLS) and Engineering Services contract supporting BQM-177A aerial target system operations.

Naval Air Systems Command Exercises Option for an Additional $3.6 Million to Kratos for Contractor Logistics Support & Engineering Services for the BQM-177A Subsonic Aerial Target System

CMMC certification will be key to new DoD contract awards CMMC certification will be key to new DoD contract awards

Kratos Accredited as a Cybersecurity Maturity Model Certification Third Party Assessment Organization (C3PAO)

SAN DIEGO, Dec. 21, 2020 (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 Kratos has received a $17,776,055 award from the U.S. Air Force Research Laboratory (AFRL) for work in support of the government's Low Cost Attritable Aircraft Technology (LCAAT) efforts, including as related to the XQ-58A Valkyrie.

Kratos Receives $17.8 Million Contract Modification Related to XQ-58A Valkyrie from USAF Research Laboratory

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