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

Earnings data Q3 2021

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

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

Axon Enterprise

FUJIFILM Holdings Corp

Lemonade

Ocean Power Technologies

PayPal

The markets are a tricky place to navigate in this second wave of the pandemic, so your best hope could be in game-changing stocks. The post 8 Game-Changing Stocks to Buy for Upside and Innovation appeared first on InvestorPlace.

8 Game-Changing Stocks to Buy for Upside and Innovation

L3Harris

Lockheed Martin

Mercury Systems

After what can only be described as an incredibly wild and wooly year for investors, many across Wall Street are cautiously optimistic for 2021, as most equity strategists see the country returning to a more normal state of affairs.

Goldman Sachs Has 4 Top Pick Defense Stocks to Buy for 2021

Boeing

The Air Force takes one tepid step toward the future of air combat.

Boeing and Kratos Win Military Contracts to Build Autonomous "Skyborg" Drones

SAN DIEGO, Dec. 10, 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 an additional $38,691,360 from the U.S. Navy for Lot 2 of its recently-awarded Full Rate Production (FRP) contract for an additional 48 BQM-177A Subsonic Aerial Targets (SSAT) and associated technical data.

Naval Air Systems Command Exercises Option for an Additional $38.7 Million for Full Rate Production (Lot 2) of the BQM-177A Subsonic Aerial Target System

SAN DIEGO, Dec. 08, 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 $37,771,577 award from the AFLCMC/WA Advanced Aircraft Program Executive Office for the Skyborg Delivery Order (DO) 2 contract to integrate, test, and deliver XQ-58A Valkyrie aircraft.

Kratos Receives $37.7 Million Skyborg Program Contract Award from USAF Advanced Aircraft Office

Boeing and Kratos received Air Force awarded contracts for its Skyborg combat drone experiment. The post Boeing, Kratos To Build Skyborg Drones For Air Force Experiments appeared first on Investor's Business Daily.

Boeing, Kratos To Build Skyborg Drones For Air Force Experiments

SAN DIEGO, Nov. 20, 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 it has acquired 5-D Systems, Inc., a CMMI Level 3 Systems and Software Engineering company with facilities in the Austin, Texas area and in Huntsville, Alabama. 5-D is well-known in the defense/aerospace industry for its more than 20 years of experience as a small business designing, developing, integrating, testing, modifying and supporting unmanned, manned, and optionally-piloted vehicles (OPV) / aviation systems; and also providing technical/logistics/program SETA / A&AS support on government sites.

Kratos Acquires Jet Powered Unmanned Aerial System Engineering Leader 5-D Systems

SAN DIEGO, Nov. 19, 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 it has delivered the 100th production BQM-177A Subsonic Aerial Target (SSAT), nearing completion of its third and final Low Rate Initial Production (LRIP) contract.

Naval Air Systems Command Accepts Delivery of 100th Production BQM-177A Subsonic Aerial Target System

Air and ground crews can now collectively train in this mixed reality environment Air and ground crews can now collectively train in this mixed reality environment

Kratos New Rotary Wing Combat Mission Training Hones Aircrew Expertise

Booz Allen Hamilton Hld

General Dynamics

Northrop Grumman

Raytheon

Global defense industry expenditures topped $1.9 trillion in 2019, and the amount is growing.

Defense Stocks to Put on Your Watch List

Kratos' (KTOS) revenues in the third quarter improve 9.7% year over year, led by higher product sales.

Kratos' (KTOS) Q3 Earnings Top Estimates, Revenues Up Y/Y

Kratos Defense and Security Solutions, Inc. (KTOS) CEO Eric DeMarco on Q3 2020 Results - Earnings Call Transcript

Third Quarter 2020 Revenues of $202.0 Million Increase 9.7% from Third Quarter 2019 Revenues of $184.1 Million

Kratos Reports Third Quarter 2020 Financial Results

SAN DIEGO, Oct. 21, 2020 (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 third quarter 2020 after the close of market on Thursday, October 29, 2020. 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 Third Quarter 2020 Earnings Conference Call for Thursday, October 29th

Software Replaces Specialized Hardware Components and Can Be Service Chained for Dynamic Operations in the OpenSpace Platform Software Replaces Specialized Hardware Components and Can Be Service Chained for Dynamic Operations in the OpenSpace Platform

Kratos Introduces OpenSpace™ Virtual Network Functions for Earth Observation Satellite Missions

Enables Satellite Operators and Ground Station-aaS Providers to Implement Flexible, Virtualized Ground Networks for EO and Sensing Missions Enables Satellite Operators and Ground Station-aaS Providers to Implement Flexible, Virtualized Ground Networks for EO and Sensing Missions

Kratos Introduces OpenSpace™ Platform Supporting Dynamic, Software-Defined Satellite Ground Systems

SAN DIEGO, Oct. 09, 2020 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance unmanned systems, participated in North Dakota’s Innovation Day on Autonomous Systems Policy.

Kratos Participates in North Dakota’s Innovation Day, Showcases Autonomous Truck-Mounted Attenuator

SAN DIEGO, Oct. 05, 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 an initial $29,221,165 Full Rate Production (FRP) contract for Lot 1 of the BQM-177A Subsonic Aerial Target (SSAT) from the U.S. Navy for the procurement of 35 targets aircraft and technical data.

Naval Air Systems Command Awards Kratos Sole Source $29.2 Million Initial Contract for Full Rate Production (Lot 1) of the BQM-177A Subsonic Aerial Target System

SAN DIEGO, Sept.  29, 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 multi-million dollar order for 20 high performance target system aircraft from a key, long-term, international customer. Work under this contract will be primarily conducted in Kratos’ facility in Oklahoma City, OK.

Kratos Awarded Sole-Source Multi-Million Dollar Contract for 20 High-Performance Target Drone System Aircraft from International Customer

Provides opportunity for Kratos to work with United States Air Force on drone and space technologies Provides opportunity for Kratos to work with United States Air Force on drone and space technologies

Kratos Awarded $950 Million Multiple-Award, IDIQ Contract for U.S. Air Force Advanced Battle Management System (ABMS)

Virtualized and Cloud-Native Ground Infrastructure Brings New Levels of Automation and Scale for Increasing Data Demands Virtualized and Cloud-Native Ground Infrastructure Brings New Levels of Automation and Scale for Increasing Data Demands

News for Kratos Defense & Security Solutions Stock (KTOS)