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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A futuristic drone program is airborne, highlighting the promise of the companies behind the effort.

Kratos' Gremlins Take to the Sky

Kratos Defense & Security Systems: Droning In On Cash

SAN DIEGO, Jan.  27, 2020  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, announced today that Kratos’ XQ-58A Valkyrie successfully completed its fourth test/demonstration flight on Thursday, January 23, 2020, at Yuma Proving Grounds, Arizona. Thursday’s envelope-expanding flight lasted over an hour, during which the XQ-58A demonstrator successfully completed all 43 baseline test objectives, plus 6 additional tests, for a total of 49. The system deployed its parachutes and landed normally, validating the design changes incorporated for the test flight airbag system following flight three. To date, the Valkyrie has flown more than five hours and exceeded the progress originally planned for the flight series.

Kratos XQ-58A Valkyrie Flies over Yuma in Fourth Successful Flight

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FLIR Systems

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Forget Lockheed Martin, Buy These 5 Smaller Defense Stocks Instead

SAN DIEGO, Jan.  23, 2020  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, reported that on January 17, 2020 the Defense Advanced Research Projects Agency (DARPA) and Dynetics, (the Prime Contractor for the Gremlins program), announced the successful first flight of the X-61A Gremlins Air Vehicle (GAV) was completed on November 23, 2019. Kratos’ Unmanned Systems Division (KUSD) is a key subcontractor to Dynetics on the Gremlins Program.

DARPA and Dynetics Announce Successful Flight of X-61A Gremlins Air Vehicle

SAN DIEGO, Jan.  16, 2020  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it will participate in a multiple award indefinite-delivery/indefinite-quantity (IDIQ) contract for U.S. Army advanced communication systems. The new Global Tactical Advanced Communication Systems II (GTACS II) contract vehicle will allow multiple companies to compete for up to $5.1 billion over a ten year period to support the U.S. Army Program Executive Office Command, Control and Communications-Tactical (PEO C3T) and Project Manager Tactical Network (PM Tactical Network).

Kratos Wins Place on U.S. Army Global Tactical Advanced Communication Systems (GTACS II) $5.1 Billion Multiple Award IDIQ Contract

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SAN DIEGO, Jan.  08, 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) Modular Systems Division has recently received an approximate $2.7 million initial production order on a new to Kratos Combat System Program of record. Kratos C5ISR Modular Systems Division is a leading provider of products, hardware, systems and subsystems in support of unmanned aerial vehicle, high powered directed energy, missile, missile defense, radar, surface combatant and other combat and weapon systems and programs. Work under this recent contract award will be performed in secure Kratos production facilities. Due to customer related, competitive and other considerations, no additional information will be provided related to this recent contract award.

Kratos C5ISR Business Receives Initial $2.7 Million Production Order on New Combat System Program of Record

SAN DIEGO, Dec.  31, 2019  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has received an approximate $24 million single award contract for microwave electronics products in support of missile system programs. This contract award is the initial production award for what is expected to be long term, multi-year missile system platforms. Kratos is a leading provider of microwave electronic products in support of missile, radar, guided munitions, electronic warfare, communication and other programs and systems. For customer related, competitive and other considerations, no further information will be provided related to this contract award.

Kratos Receives $24 Million Microwave Electronics Product Contract Award in Support of Missile System Program

SAN DIEGO, Dec.  30, 2019  (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) Modular Systems Division has recently received an approximate $50 million, single award, indefinite delivery, indefinite quantity (IDIQ) product and hardware related contract award in support of a national security related program. Initial tasking and funding under this new contract award has already been received by Kratos.  Kratos C5ISR Modular Systems Division is a leading provider of products, hardware, systems and subsystems in support of unmanned aerial vehicle, high powered directed energy, missile, missile defense, radar, surface combatant and other combat and weapon systems and programs.  Work under this recent contract award will be performed in secure Kratos production facilities.  Due to customer related, competitive and other considerations, no additional information will be provided related to this recent contract award.

Kratos C5ISR Business Receives $50 Million Single Award Product and Hardware Contract in Support of National Security Program

The service will be delivered through Kratos proprietary RF monitoring network, the only commercial network of its kind The service will be delivered through Kratos proprietary RF monitoring network, the only commercial network of its kind

Kratos Awarded $39 Million Sole-Source Contract for 24-Hour Space Based RF Signal Communication Services

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

Kratos (KTOS) Down 7.6% Since Last Earnings Report: Can It Rebound?

Reconfigurable Virtual Training System Delivers Training to the Point of Need Reconfigurable Virtual Training System Delivers Training to the Point of Need

Kratos Demonstrates Highly Flexible, Virtual Collective Training System Based On Advanced Immersive Technology at I/ITSEC

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that its XQ-58A Valkyrie has been awarded the Aviation Week Network’s Laureate Award for Technology & Innovation in the Defense Sector (https://laureates.aviationweek.com/en/winners/2020-winners.html).

Kratos’ XQ-58A Valkyrie Awarded Aviation Week’s Laureate Award for Defense Technology & Innovation

SAN DIEGO, Nov.  08, 2019  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that its Kratos Microwave Electronics Division (KMED) has recently received approximately $15 million in orders in support of Command, Control, Communication, Computing and Combat System (C5) related orders. KMED is a leading provider of C5 products in support of missile, radar, missile defense, electronic warfare, communication and other systems. Work under these recent orders will be performed in secure Kratos production facilities. Due to competitive, customer related and other considerations, no additional information will be provided related to these recent contract awards.

Kratos Receives $15 Million in Microwave Electronic Product Orders in Support of C5 Systems

Kratos Defense's (KTOS) Q3 sales total $184.1 million, beating the Zacks Consensus Estimate by a whisker. Sales rise 15.5% year over year.

Kratos' (KTOS) Q3 Earnings Beat Estimates, Revenues Rise Y/Y

Kratos Defense & Security Solutions, Inc. (KTOS) CEO Eric DeMarco on Q3 2019 Results - Earnings Call Transcript

Kratos (KTOS) delivered earnings and revenue surprises of 28.57% and 0.32%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Kratos (KTOS) Q3 Earnings and Revenues Top Estimates

Kratos' (KTOS) receipt of an initial contract funding from Dynetics for its Spartan program is expected to have boosted its third-quarter performance.

Kratos Defense (KTOS) to Post Q3 Earnings: What's in Store?

SAN DIEGO, Oct.  25, 2019  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has recently received $5.1 million in Command, Control, Communication, Computing, Combat, Intelligence, Surveillance and Reconnaissance System (C5ISR) program related production awards. Kratos is a leading provider of products in support of C5ISR programs and systems including, unmanned systems, missile defense, high power directed energy, radar, and surface combatants. Contract awards will be performed at secure Kratos manufacturing facilities. Due to customer related, competitive and other considerations, no additional information will be provided related to these contract awards.

Kratos Receives $5.1 Million in C5ISR Program Production Awards

Night Vision and Electronic Sensors Directorate (NVESD) will utilize the holodeck to evaluate physical and psychological warfighter performance under simulated real world conditions Night Vision and Electronic Sensors Directorate (NVESD) will utilize the holodeck to evaluate physical and psychological warfighter performance under simulated real world conditions

Kratos Awarded Multi-Million Dollar Applied Research Contract to Develop a Virtual Prototyping Holodeck (VPH) for U.S. Army

The company's most promising aircraft suffers a rough landing, but it doesn't crash the bull case for Kratos.

Kratos Can Still Fly Higher After Drone Mishap

SAN DIEGO, Oct.  11, 2019  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Unmanned Systems Division has been awarded a $3.3 million contract for 10 production jet target drone aircraft and related systems. This order represents a periodic recurring need/request for Kratos’ target systems as part of a multi-year basic ordering agreement with this key international customer.

Kratos Receives $3.3 Million Sole-Source Contract for Production of Jet Drone Target Aircraft and Related Systems

SAN DIEGO, Oct.  10, 2019  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that the Kratos / AFRL team has successfully completed Valkyrie Flight 3. During the 90 minute flight, the XQ-58A executed a perfect launch and met 56 of 56 baseline test points, plus two additional test points with excess fuel remaining after completion of the mission.  After successful completion of the flight, the recovery parachute system worked flawlessly, and the aircraft descended nominally under the canopy system.  In final descent, the prototype cushion system, which was employed for the initial test series but is not intended for ultimate operational use, suffered an anomaly resulting in the aircraft sustaining damage upon touchdown.  The XQ-58A Valkyrie, like all Kratos’ heritage drones and Kratos’ high performance jet target drones, are designed to be quickly repaired and reused if damage is sustained after performing operational missions. The Valkyrie has been recovered, and the damage has been initially evaluated and determined to be fully repairable. Kratos plans to address the cushion system prior to Flight 4 and complete its test flight series with the Air Force Research Lab (AFRL) while continuing to execute with its other Valkyrie customers.

Kratos XQ-58A Valkyrie Completes Flight 3, Successfully Executes 100 Percent of Test Points

SAN DIEGO, Oct.  10, 2019  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its C5ISR Modular Systems Division has recently received an initial $2 million contract award from a national security related customer in support of a large Combat system program. The combat system program that Kratos is now designed in on and supporting is currently expected to ultimately grow and become one of the largest in Kratos’ C5ISR business unit.  Kratos’ C5ISR Modular Systems Division is an industry leader in supporting Command, Control, Communications, Computing, Combat, Intelligence, Surveillance and Reconnaissance (C5ISR) Systems. Platforms of Kratos C5ISR include missile, radar, unmanned system, directed energy, missile defense, surface combatant and ground vehicle. Work under this new contract award is expected to be performed in secure Kratos manufacturing facilities. Due to customer related, competitive and other considerations, no additional information will be provided related to this program.

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