Welcome to our dedicated page for Kratos Defense & Security Solutions news (Ticker: KTOS), a resource for investors and traders seeking the latest updates and insights on Kratos Defense & Security Solutions stock.
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) reported third quarter 2021 revenues of $200.6 million, down from $202.0 million in Q3 2020. The Net Loss was $2.4 million, a reversal from a $2.4 million profit in Q3 2020, influenced by a $5.7 million tax provision. Adjusted EBITDA was $23.8 million, slightly lower than $24.6 million in the previous year. The Book-to-Bill Ratio for Q3 was 0.9. Despite challenges from supply chain issues and COVID-related delays, Kratos maintains a strong bid pipeline of $9.1 billion and sees long-term growth potential.
Kratos Defense & Security Solutions (NASDAQ:KTOS) announced a $17.7M contract to design an Off Board Sensing Station (OBSS) UAS for the Air Force Research Laboratory. The contract spans 12 months with potential extensions valued at $49M. This initiative reinforces Kratos' commitment to affordable technological solutions for national security. The OBSS UAS will enhance aerial capabilities via modular design and innovative manufacturing techniques, positioning Kratos as a leader in unmanned systems development.
Kratos Defense & Security Solutions (NASDAQ: KTOS) will report its third-quarter 2021 financial results on November 3, 2021, post-market close. A conference call to discuss the results will take place at 2:00 p.m. Pacific, accessible to analysts and the public via specific dial-in numbers. The call will also be streamed live on the company's investor relations website.
Kratos specializes in affordable technology for national security, focusing on unmanned systems, cyber warfare, and missile defense, among other areas.
Kratos Defense (Nasdaq: KTOS) has exceeded a gigabit throughput with its OpenSpace™ virtualized wideband receivers, achieving over 1.2 Gbps performance on standard x86 computers. This innovation significantly reduces downlink costs while enhancing performance for Earth Observation and Remote Sensing missions. The software receivers, OpenSpace ORX and quantumRX, eliminate the need for expensive hardware, leading to faster deployments and optimized resource use. This achievement confirms the capability of software solutions to handle the increasing data demands of satellite operations.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a $50 million IDIQ contract from a U.S. Government Agency for its Kratos Unmanned Aerial Systems division. This contract focuses on high-performance jet drone systems, reflecting Kratos's leadership in the sector. Work will be carried out at secure facilities as directed by the customer. The contract is anticipated to be fully funded over multiple years, emphasizing the ongoing partnership with the government agency. Further specifics remain undisclosed due to security and competitive considerations.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a contract award of approximately $3.2 million for developing a Next Generation small engine for a National Security Program. The Kratos Turbine Technologies (KTT) Business is already under contract to develop turbojet, turbofan, and other engines for unmanned aerial drones and cruise missiles. The work will take place at a secure Kratos facility. KTT's mission focus is on affordable, high-performance engines to meet the expanding requirements of customers.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced $13.2 million in new program awards for its Command, Control, Communication, Computing, Combat System, Intelligence, Surveillance and Reconnaissance (C5ISR) business. This funding supports critical U.S. National Security initiatives, including Nuclear Deterrence and Missile Defense. The work will be conducted at secure Kratos facilities. Tom Mills, President of the C5ISR Division, emphasized the company's commitment to delivering high-quality systems on schedule and budget.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has delivered the initial products for the U.S. Army's Tactical Intelligence Targeting Access Node (TITAN) space-ground system. Developed by Northrop Grumman, TITAN aims to provide real-time data to military commanders. Kratos' OpenSpace quantum and SpectralNet products will support the system's downlink processing needs, enhancing scalability and rapid deployment. The company will also manufacture components for a modified tactical shelter housing TITAN's critical systems.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced a substantial $338 million contract for the production of BQM-167A Aerial Targets, covering lots 17-21, repairs, and logistics support. This five-year contract aims to streamline support processes for the Air Force, with $30.5 million initially obligated. Kratos emphasizes this contract as a testament to its partnership with the USAF and its commitment to national security, anticipating more strategic contract awards in the latter half of the year.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has secured a $2.8 million contract from the Space Systems Command to develop a prototype that will deliver space-related Situational Awareness (SA) data to the Unified Data Library (UDL). This initiative aims to improve access to SA data for DoD satellite operators. The infrastructure will enhance the government's Common Operating Environment by providing near-real-time SATCOM spectral data and integrating various RF monitoring sources.
FAQ
What is the current stock price of Kratos Defense & Security Solutions (KTOS)?
What is the market cap of Kratos Defense & Security Solutions (KTOS)?
What does Kratos Defense & Security Solutions, Inc. do?
How is Kratos Defense & Security Solutions, Inc. structured?
What are the core capabilities of Kratos?
What recent achievements has Kratos Defense & Security Solutions, Inc. made?
How many employees does Kratos have?
What is the primary revenue driver for Kratos?
How does Kratos contribute to national defense?
Who should be contacted for investor inquiries?
Where is Kratos Defense & Security Solutions, Inc. headquartered?
What kind of unmanned systems does Kratos develop?
