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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) has partnered with Hypersonix Launch Systems to develop the DART AE, a multi-mission hypersonic drone. This collaboration aims to demonstrate the drone's capabilities in 2023, utilizing a fifth-generation SPARTAN hydrogen scramjet engine with a range of 500km. The project leverages Kratos' expertise in hypersonic launch systems, showcasing innovative technology designed for speed and sustainability, with potential applications in satellite launches and high-speed aviation.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced that its President & CEO, Eric DeMarco, and Executive VP & CFO, Deanna Lund, will present at the Needham Virtual Growth Conference on January 12 at 4:15 PM Eastern. A live webcast of this presentation will be accessible via the Company's website, with an archive available for 90 days post-event.
Kratos focuses on transformative technologies for national security, specializing in areas such as unmanned systems, satellite communications, and cybersecurity.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a contract modification worth $50.9 million for the procurement of 65 BQM-177A Subsonic Aerial Targets. This includes 50 units for the Navy, seven for Japan, and eight for Saudi Arabia, supporting full rate production lot three. The modification underscores Kratos' commitment to national security and enhancing capabilities for both U.S. and allied nations. Steve Fendley, President of Kratos Unmanned Systems Division, expressed pride in their sustained support for U.S. Navy customers amid recent challenges.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has secured approximately $4 million in initial funding for a new C5ISR program, which has a total potential value of around $75 million. This program enhances Kratos' capabilities in areas like unmanned systems, satellite communications, and missile defense for national security. The award reflects the strong demand driven by the need to address peer threats. Company leadership emphasized the importance of rapid development and customer-centric solutions to meet critical national security requirements.
On November 29, 2021, Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a $4.1 million contract from an international customer for its unmanned aerial target drones and related services. The Kratos Unmanned Systems Division is noted for its affordable, high-performance drone technology aimed at national security applications. The contract work will be performed at secure facilities and customer locations. President Steve Fendley emphasized the growing global demand for Kratos' drone systems driven by the recapitalization of strategic weapon systems by the U.S. and its allies.
Kratios Defense & Security Solutions (Nasdaq: KTOS) has received an initial production order for a new, high-performance jet engine from a national security customer. This order is part of Kratos' commitment to develop affordable, advanced technology systems for unmanned aerial vehicles (UAVs) and other defense applications. The work will take place at a secure Kratos facility. President Steve Fendley emphasized the company's focus on affordability and innovation in response to market demands, while CEO Eric DeMarco highlighted their dedication to rapidly developing technology solutions for national security.
Kratos Defense & Security Solutions (KTOS) announced a $12 million delivery order for satellite and communication systems under a previously awarded contract. This contract encompasses mission activity, telemetry processing, cybersecurity enhancements, and support planning. The new capabilities aim to strengthen military satellite operations amidst increasing space congestion. CEO Eric DeMarco highlighted Kratos' strategy to disrupt the national security industry with innovative, affordable technology to capture the growing satellite market.
Strong Demand for Kratos' OpenSpace Products
Kratos Defense & Security Solutions (Nasdaq: KTOS) reported strong sales of its OpenSpace™ quantum™ and OpenSpace SpectralNet® products, closing deals with 23 customers. This growth supports the transition of satellite operators to dynamic, virtualized ground systems. The Q3 sales performance was notably robust among clients in U.S. defense and intelligence sectors. The OpenSpace solutions enable flexible and scalable network systems, aligning with evolving mission goals and operational conditions.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced a partnership with RPS Defense to provide operational and maintenance services for Kratos Tactical UAS. This collaboration aims to support the transition of unmanned systems from prototype to military operations. RPS Defense, known for its expertise in tactical UAS, enhances Kratos' capabilities in delivering affordable and high-performance drone systems. The strategic alliance is expected to optimize systems for effective support of military operations, benefiting both companies' commitments to innovation and customer value.
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) announced that its President & CEO Eric DeMarco and Executive VP & CFO Deanna Lund will present at the Baird 2021 Virtual Global Industrial Conference on November 9, 2021. The company specializes in developing affordable technology and systems for national security, including unmanned systems, satellite communications, cyber security, missile defense, and hypersonic systems. Kratos aims to transform the delivery of breakthrough technologies to national security customers and commercial enterprises.
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