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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Earnings data Q1 2024

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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) is set to offer software engineering support services, including analysis, modification, and implementation of software changes for supporting the BQM-177A Subsonic Aerial Target system.

Kratos Defense (KTOS) Wins Deal to Aid BQM-177A Subsonic Drone

SAN DIEGO, Aug. 24, 2022 (GLOBE NEWSWIRE) --  Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider, announced today that its Defense & Rocket Support Services division supported the successful intercept test of a short-range ballistic missile (SRBM) target by a Standard Missile 3 (SM-3) Block IA during the Pacific Dragon 22 exercise. Kratos along with Government and industry partners integrated and launched the SRBM target known as an Aegis Readiness Assessment Vehicle Type B (ARAV B) that was successfully intercepted by USS Fitzgerald (DDG 62) during the exercise.

Kratos Defense & Rocket Support Services Supports Successful Ballistic Missile Intercept Test During Pacific Dragon 22 Exercise

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Kratos' (KTOS) total Q2 revenues of $224.2 million surpass the Zacks Consensus Estimate by 7%. Total revenues also increase 9.3% year over year

Kratos Defense (KTOS) Q2 Earnings Top, '22 Revenue View Up

SAN DIEGO, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has recently received an approximate $14 million Tactical Jet Drone contract award. Kratos is an industry leader in the development, design and fielding of affordable, high-performance jet powered unmanned aerial drone systems. Work under this new contract award will be performed at secure Kratos facilities and at customer locations. Due to competitive, security related and other considerations, no additional information will be provided related to this new contract award.

Kratos Receives $14 Million Tactical Jet Drone System Contract Award

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS ) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Marie Mendoza – Vice President and General Counsel Eric DeMarco – President and Chief Executive Officer Deanna Lund – Executive Vice President and Chief Financial Officer Conference Call Participants Michael Ciarmoli – Truist Securities Mike Crawford – B. Riley Securities Ken Herbert – RBC Capital Markets Josh Sullivan – The Benchmark Company Austin Moeller – Canaccord Genuity Noah Poponak – Goldman Sachs Sheila Kahyaoglu – Jefferies Peter Arment – Baird Pete Skibitski – Alembic Global Operator Good day, and thank you for standing by.

Kratos Defense & Security Solutions, Inc.'s (KTOS) CEO Eric DeMarco on Q2 2022 Results - Earnings Call Transcript

Kratos (KTOS) delivered earnings and revenue surprises of 133.33% and 6.98%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Kratos (KTOS) Surpasses Q2 Earnings and Revenue Estimates

SAN DIEGO, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, today reported its second quarter 2022 financial results. For the second quarter of 2022, Kratos reported Revenues of $224.2 million, Operating Loss of $1.9 million, Net Loss of $4.7 million, Adjusted EBITDA of $17.7 million and a book to bill ratio of 1.2 to 1.0.   Included in Net Loss is a $5.5 million litigation settlement related charge resulting from the resolution of a dispute with an international customer in our Unmanned Systems segment, which contractual arrangement was entered into in March 2011, prior to Kratos' acquisition of CEi (Composite Engineering Inc.).

Kratos Reports Second Quarter 2022 Financial Results

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.

Analysts Estimate Kratos (KTOS) to Report a Decline in Earnings: What to Look Out for

SAN DIEGO, July 25, 2022 (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 a task order contract to develop a low cost, limited life engine for attritable and expendable systems. The contract is part of the Air Force Research Laboratory, Aerospace Systems Directorate, Turbine Engine Division (AFRL/RQT), Attritable Cost Optimized Limited Life Engine Technologies (ACOLLET) program. Under prior and existing contracts, KTT has completed component rig and core engine testing and has recently begun full engine ground testing. The initial, $6.8M, effort will focus on key component testing and engine optimization trade studies to validate the capabilities the engine can bring to future systems. Additional, unfunded, options are available to complete the engine design and testing for future flight demonstrations. The work will be performed by KTT in Florida.

Kratos Awarded $54M Task Order to Develop a Low Cost, Limited Life Engine for Attritable and Expendable Systems

Built on Kratos' OpenSpace Virtual Ground System Platform, will Support Interoperability, Multi-Mission Support and Vendor Neutrality Built on Kratos' OpenSpace Virtual Ground System Platform, will Support Interoperability, Multi-Mission Support and Vendor Neutrality

Kratos Awarded Contract from U.S. Army Future Command to Demonstrate Military SATCOM Modernization

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SAN DIEGO, July 19, 2022 (GLOBE NEWSWIRE) -- San Diego Based Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider announced plans today to expand its newly established business unit in Birmingham, Alabama. With the support of critical enhancement programs provided by the State of Alabama, Jefferson County and the City of Birmingham, Kratos expects to add 76 jobs and make approximately $8.6 million in capital investments in its Birmingham facility over the next five years.

Defense Contractor Kratos Announces Plan to Add 76 Jobs at its Birmingham Advanced Concepts Engineering Facility

Kratos (KTOS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Kratos (KTOS) Moves to Buy: Rationale Behind the Upgrade

SAN DIEGO, July 18, 2022 (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 recently completed a successful series of flights with two production XQ-58A Valkyrie aircraft for the Skyborg Program. The program team includes the U.S. Air Force (USAF) Fighters and Advanced Aircraft Directorate, Air Force Research Laboratory (AFRL), USAF 40th Flight Test Squadron (FLTS), USAF 46th Test Squadron, and Kratos.

Kratos, USAF Complete Successful XQ-58A Valkyrie Skyborg Flight Series

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SAN DIEGO, June 16, 2022 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it was awarded a contract to build a state-of-the-art C-band Geostationary Orbit (GSO) Satellite Spectrum Monitoring Facility. Kratos is implementing this solution as part of a joint project with Japan's main satellite operator, SKY Perfect JSAT Corporation (SKY Perfect JSAT), for the Ministry of Internal Affairs and Communications (MIC) in Japan.

SKY Perfect JSAT Jointly with Kratos Awarded Contract to Build C-band Spectrum Monitoring Facility for the Japan Ministry of Internal Affairs and Communications

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The consensus price target hints at a 61.9% upside potential for Kratos (KTOS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts See a 62% Upside in Kratos (KTOS): Can the Stock Really Move This High?

Intelsat's New Unifying Network Will Integrate OpenSpace to Enable the Dynamic Delivery and Management of Orchestrated Carrier Grade Services Intelsat's New Unifying Network Will Integrate OpenSpace to Enable the Dynamic Delivery and Management of Orchestrated Carrier Grade Services

Intelsat Selects Kratos' OpenSpace Satellite Ground Platform as Part of Its Next Generation Network

A closer look at Kratos Defense & Security Solutions' quarterly performance shows how the company managed to smash earnings estimates despite reporting in-line revenues.

What Kratos Defense (KTOS) Estimates Say About Its Recent Performance

After losing some value lately, a hammer chart pattern has been formed for Kratos (KTOS), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Here's Why Kratos (KTOS) Looks Ripe for Bottom Fishing

Kratos (KTOS) announces that it has acquired the engineering division of Southern Research, which tends to boost its position in the defense space.

Kratos (KTOS) Buys ISR Provider for $80M, Boosts Portfolio

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