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Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) is a specialized national security technology company dedicated to providing mission-critical products, services, and solutions that align with the United States' national security priorities. Headquartered in San Diego, California, Kratos employs approximately 3,900 engineers and technical professionals who are committed to advancing the technological frontier in several critical areas.
Kratos' core capabilities span sophisticated engineering, manufacturing, and systems integration offerings. These capabilities are pivotal for various national security platforms and programs, including C5ISR (Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance, and Reconnaissance), satellite communications systems, electronic warfare, unmanned systems, missile defense, cyber warfare, cybersecurity, information assurance, and critical infrastructure security.
The company's operations are divided into two main segments:
- Kratos Government Solutions (KGS): This segment is an amalgamation of several operating units that focus on microwave electronic products, space, training, and cybersecurity, C5ISR/modular systems, turbine technologies, and defense and rocket support services. The KGS segment is the primary revenue driver for the company.
- Unmanned Systems: This segment encompasses the development and deployment of unmanned aerial, ground, and seaborne vehicles, alongside related command, control, and communications systems. Kratos' advancements in unmanned systems are both innovative and cost-effective, making significant contributions to modern warfare and defense strategies.
Recent achievements by Kratos include the successful integration of Shield AI’s Hivemind with Kratos' Firejet, showcasing the potential of autonomous systems in national defense. Additionally, Kratos has demonstrated the capability of its OpenSpace® Software Ground System to support interoperability and multi-mission operations in collaboration with partners like Telesat Government Solutions and Cobham Satcom.
Kratos remains at the forefront of defense technology, continually evolving to meet the complex demands of modern warfare and national security.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced that its OpenSpace™ Platform has been chosen by Intelsat as a crucial component in their next-generation network. This innovative system will integrate ground and space technologies to deliver agile, carrier-grade services efficiently.
OpenSpace significantly reduces deployment times from weeks to minutes, enabling flexible service adjustments. It operates on standard hardware without the need for specialized accelerators, supporting anticipated 5G NTN features while lowering lifecycle costs. This partnership aims to enhance service availability and adaptability for Intelsat's customers.
On May 24, 2022, Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the acquisition of the Engineering Division of Southern Research for approximately $80 million, comprised of $75 million in cash and $5 million in Kratos stock. This strategic acquisition enhances Kratos' capabilities in hypersonics, missile systems, and advanced materials testing. The deal involves a unique 54-acre campus and a team of 140 professionals with national security clearances. The acquisition is expected to drive organic growth in 2023 and beyond, aligning with upcoming defense funding increases.
Kratos Defense (NASDAQ: KTOS) has partnered with Minn-Dak Farmers Cooperative to implement self-driving trucks, addressing the truck driver shortage in agriculture. This collaboration utilizes Kratos Autonomous Systems to enhance the integrity of the agricultural supply chain. The retrofitting of existing trucks with 'Leader/Follower' platooning technology aims to optimize hauling of sugarbeets between farms and processing facilities. This innovation is expected to improve efficiency, reduce labor costs, and address the pressing shortage of licensed truck drivers in rural areas.
Kratos Defense & Security Solutions (Nasdaq:KTOS) reported Q1 2022 revenues of $196.2 million, a 1% increase from Q1 2021. However, operating loss was $1.2 million, with a net loss of $15.9 million, influenced by a $13 million debt extinguishment charge. Adjusted EBITDA stood at $13.8 million. The company cited supply chain disruptions and COVID-related absenteeism as significant challenges, deferring $15.3 million in revenues. Kratos affirmed its full-year guidance, projecting revenues between $880 million and $920 million, amid expectations of improved performance in the second half of 2022.
Kratos Defense & Security Solutions (NASDAQ: KTOS) will have its President & CEO, Eric DeMarco, and Executive VP & CFO, Deanna Lund, participate in a fireside chat at the Goldman Sachs Industrial and Materials Conference on May 12, 2022, at 2:40 PM Eastern. A live webcast will be available on their website and archived for 90 days post-event.
Kratos provides cutting-edge technology for national security clients, focusing on unmanned systems, satellite communications, cyber security, and more.
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) will release its Q1 2022 financial results on May 5, 2022, after market close. A conference call is scheduled for 2:00 p.m. Pacific Time (5:00 p.m. Eastern) to discuss the results. Analysts and institutional investors can join the call by dialing 866-374-5140 with ID 69056240. The call will also be available via live webcast on the company’s investor relations website. Kratos specializes in innovative national security solutions, focusing on affordable technology for defense and commercial sectors.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has secured a contract to create an advanced spectrum monitoring system for OneWeb, aimed at enhancing communication reliability for its Low Earth Orbit (LEO) satellites. The OneWeb Spectrum Monitoring System (OSMS) will enable real-time analysis and compliance monitoring of radio frequencies used between OneWeb’s satellite network and gateways. This system leverages Kratos' big data processing capabilities to support high data rates, crucial for managing fast-moving LEO satellites.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the appointment of Robert Winkler as Vice President of Corporate Development & National Security Programs. Winkler, with over 25 years of experience in military and legislative roles, will align Kratos’ development strategies with priorities of the U.S. Department of Defense and Congressional leaders. His role emphasizes the promotion of Kratos' cost-effective technologies, especially in Tactical UAVs and space systems. The company aims to enhance its influence in national defense through affordable solutions.
Kratos Defense & Security Solutions (Nasdaq: KTOS) will showcase its DIFI compliant digital terminal capabilities at the 37th Annual Space Symposium from April 4-7, 2022, in Colorado Springs. This demonstration, in collaboration with Kymeta, features the industry's first implementation of the DIFI standard, aimed at enhancing interoperability in satellite operations. The solution enables multi-mission operations, supporting the U.S. Department of Defense's digital transformation objectives and emphasizes the versatility and resilience of satellite communications.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced that its OpenSpace™ Platform now supports integrated delivery of E-Line services using Carrier Ethernet-over-Satellite. This enhancement allows satellite operators to deliver scalable and reliable services to underserved areas. The platform utilizes an open, software-defined networking architecture enabling end-to-end automation. It facilitates rapid service activation and unifies network management, benefiting telecommunications and enterprise networks. This positions Kratos to capture emerging opportunities in the evolving space telecommunications landscape.
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