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.

Open-standards based and completely virtual receiver delivers highest data rates for downlinks Open-standards based and completely virtual receiver delivers highest data rates for downlinks

Kratos Introduces OpenSpace™ Wideband Software Receiver for Earth Observation and Remote Sensing Missions

Air Vehicle Achieves Major Milestones During Flight, Advancing the Program Air Vehicle Achieves Major Milestones During Flight, Advancing the Program

Kratos, Team Member to Prime Contractor Dynetics on DARPA Gremlins Program, Announces Second Successful Flight of X-61A Gremlin Air Vehicle

Boeing

Northrop Grumman

The Air Force is reinventing itself -- as an air force of robots.

What the Air Force's Latest Drone Project Means for Defense Stocks

SAN DIEGO, Aug.  07, 2020  (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 Canaccord Virtual Conference on August 13th at 1:00pm Eastern.

Kratos to Present at the Canaccord Virtual Growth Conference

Kratos' (KTOS) revenues decline 9.3% year over year in the second quarter, primarily led by lower product sales and service revenues.

Kratos' (KTOS) Q2 Earnings & Revenues Top Estimates, Down Y/Y

Kratos Defense & Security Solutions, Inc. (KTOS) CEO Eric DeMarco on Q2 2020 Results - Earnings Call Transcript

Kratos (KTOS) delivered earnings and revenue surprises of 60.00% and 2.19%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Kratos (KTOS) Tops Q2 Earnings and Revenue Estimates

On Tuesday, August 04, Kratos Defense & Security (NASDAQ: KTOS) will release its latest earnings report.

Kratos Defense & Security's Earnings: A Preview

Kratos Defense (KTOS) has been witnessing a reduction in demand from some of its commercial aero and power customers, which is likely to have negatively impacted its second-quarter revenues.

Kratos Defense (KTOS) to Post Q2 Earnings: What's in Store?

SAN DIEGO, July  30, 2020  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today the release of the latest RF Channel Simulator with the widest bandwidth and most realistic testing to address the needs of today’s highly dynamic and data intensive communication systems.

Kratos Releases Latest RF Channel Simulator with Widest Bandwidth and Most Realistic Testing for Today’s Highly Dynamic and Data Intensive Communication Systems

SAN DIEGO, July  27, 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 second quarter 2020 after the close of market on Tuesday, August 4, 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 Second Quarter 2020 Earnings Conference Call for Tuesday, August 4th

SAN DIEGO, July  24, 2020  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, announced today that Kratos Unmanned Systems Division has been awarded a five-year indefinite delivery, indefinite quantity (IDIQ) contract valued at up to $400 million for the development, integration, and prototype air vehicle delivery in support of the U.S. Air Force’s Skyborg program. Work under the program award will be performed at secure Kratos manufacturing and production facilities located in Oklahoma and California over the next 60 months.

Kratos Awarded $400 Million Five-Year IDIQ Contract for U.S. Air Force Skyborg Development

A big Skyborg win only adds to the company's attractiveness to investors -- and potentially to acquirers, too.

Why Shares of Kratos Defense & Security Are Soaring Today

Could Lockheed Martin take aim at buying the defense drone maker?

Why Kratos Defense & Security Shares Are Spiking Higher Today

SAN DIEGO, July  02, 2020  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has recently received approximately $30 million in contract awards for Command, Control, Computing, Communication, Combat, Intelligence, Surveillance and Reconnaissance (C5ISR) Systems, focused primarily on missile defense related combat systems.  Kratos is an industry leader in the rapid development, demonstration and fielding of affordable leading technology products and solutions in support of the United States and its allies’ national security missions.  Kratos C5ISR Modular Systems Business is an industry leader in manufacturing, producing and delivering C5ISR Systems for Missile, Radar, High Power Directed Energy, Ballistic Missile Defense, Unmanned Aerial Vehicle, Chemical, Biological, Radiation, Nuclear and High Explosive (CBRNE) and other programs and applications.  Work under these recent program awards will be performed at secure Kratos manufacturing and production facilities.  The majority of the performance under these contract awards will be completed over the next 24 months.  Due to customer, competitive and other considerations, no additional information will be provided related to these U.S. National Security related program awards.

Kratos Receives $30 Million in C5ISR Contract Awards

SAN DIEGO, June  30, 2020  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has completed its acquisition of CPI ASC Signal Division Inc. (ASC) from Communications & Power Industries LLC (CPI) following the receipt of regulatory approval from all required government authorities and completion of other closing items.

Kratos Completes Acquisition of Satellite Antenna Manufacturer ASC Signal from CPI

SAN DIEGO, June  16, 2020  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that the Kratos Defense & Rocket Support Services (KDRSS) Division has been awarded a $46 million Other Transaction for Prototype Agreement (pOTA) to support the U.S. Army Rapid Capabilities and Critical Technologies Office (RCCTO).  The new award has a three year period of performance. 

Kratos Receives $46 Million Directed Energy Award in Support of U.S. Army

Broadens Kratos’ Solutions Across the Space Ground Segment and Brings Market-Leading Products to Anchor Kratos’ Existing Antenna Systems Solutions

Kratos to Acquire Satellite Antenna Manufacturer ASC Signal for $35 Million

SAN DIEGO, June 09, 2020 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, today announced that Marie Mendoza has been promoted to Senior Vice President and General Counsel of the Corporation.

Kratos Promotes Marie Mendoza to  Senior Vice President and General Counsel

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

Kratos (KTOS) Up 27.3% Since Last Earnings Report: Can It Continue?

Astronics

Ducommun

Near-Term Outlook Dim for Aerospace-Defense Equipment Stocks

SAN DIEGO, May  14, 2020  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, announced today that its Mobile Laboratory Product, developed in part by the Kratos Command, Control, Communications, Computing, Combat & Intelligence, Surveillance and Reconnaissance (C5ISR) Division for the Department of Defense’s Analytical Laboratory System, Modified Work Order (ALS MWO) program, has been deployed as part of the National Guard’s efforts to combat COVID-19.

Kratos Mobile Laboratory Product Supporting COVID-19 Response Efforts

Allows AFSCN to leverage current technology as it transitions to a Digital IP Architecture Allows AFSCN to leverage current technology as it transitions to a Digital IP Architecture

Kratos Awarded $4.9 Million Contract to Update Satellite Ground System for Air Force Satellite Control Network (AFSCN)

SAN DIEGO, May  12, 2020  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, announced today that it has received a $14 million Command, Control, Communication, Computing, Combat, Intelligence, Surveillance and Reconnaissance (C5ISR) System award. Kratos is a leading provider of C5ISR Systems and Solutions in support of Unmanned Aerial Drone, Missile, Radar, Missile Defense, High Powered Directed Energy and Chemical, Biological, Radiation, Nuclear and Explosive (CBRNE) Detection Programs for National Security Missions. The C5ISR systems under this contract award will be produced in secure Kratos manufacturing facilities. Due to competitive, customer related and other considerations, no additional information will be provided related to this contract award.

Kratos Receives $14 Million C5ISR System Award

SAN DIEGO, May  11, 2020  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it was awarded a new training contract, along with an extension to a previous contract, to provide educational training support to the RSNF. The extension, issued to an existing U.S. Foreign Military Sales (FMS) contract, is valued at $2,632,498. The new award, a cost plus fixed fee contract, issued by the Fleet Logistics Center Norfolk Philadelphia Office is valued at $16,107,305 and could climb to $25,629,236 if all options are exercised.

News for Kratos Defense & Security Solutions Stock (KTOS)