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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 a contract with the Navy Surface Warfare Center to develop a hypersonic experimental test vehicle at its Glen Burnie facility. This project aims to enhance high-speed flight technology for missile defense, creating new jobs in Maryland. The vehicle supports urgent Department of Defense requirements by enabling rapid flight tests for emerging technologies. CEO Eric DeMarco emphasized its potential to bridge the gap between technology development and commercialization, marking a significant advancement in hypersonic systems.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the successful completion of a core engine test campaign by its Kratos Turbine Technologies (KTT) Division under the Advanced Turbine Technologies for Affordable Mission (ATTAM) contract. The testing supports the development of affordable, high-performance jet engines for cruise missiles and UAVs. KTT demonstrated key performance and operability targets, emphasizing a strong collaboration with the Air Force Research Laboratory. The initiative aligns with Kratos's focus on advancing turbine engine technology while supporting U.S. defense objectives.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has received an $8.6 million task order from the Air Force Research Laboratory for its Advanced Turbine Technologies for Affordable Mission program. This contract mandates the design, construction, assembly, and testing of a cost-effective turboshaft engine for Group 3 UAVs, which will also support hybrid electric aircraft. Successful completion follows prior concept studies, aiming to enhance the engine's power-to-weight ratio and durability. KTT, based in Florida, will oversee the project.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has been designated as one of the first two CMMC Third Party Assessment Organizations (C3PAO) by the federal government. This allows Kratos to conduct CMMC Level 1-3 assessments once the necessary government preparations are completed. The CMMC is a new security certification standard developed by the Department of Defense to protect Federal Contract Information and Controlled Unclassified Information. Kratos has extensive experience in compliance, risk management, and cyber operations.
On June 10, 2021, Kratos Defense & Security Solutions (Nasdaq: KTOS) announced its participation in the successful Exercise At-Sea Demonstration/Formidable Shield 2021, supporting NATO and the U.S. Navy's Sixth Fleet. This exercise featured the deployment of Kratos missile targets and aerial drones, involving around 3,300 personnel and 16 ships from 10 countries. Kratos launched two advanced ballistic missile targets, surpassing its previous launch record in the UK. The exercise aims to enhance missile defense interoperability among NATO forces, with data collected for future improvements.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has successfully completed the Critical Design Review for an advanced space radio monitoring system for Qatar's Communications Regulatory Authority. This turnkey project includes design, installation, and integration to safeguard the satellite spectrum. The system features fixed and mobile units to monitor satellite downlinks, enhancing regulatory capabilities. Kratos aims to provide reliable satellite services while mitigating interference risks. The project reflects Kratos' extensive experience in spectrum monitoring for government agencies.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the delivery of products to 24 global customers in Q1 2021, enhancing the satellite industry's shift towards virtualized ground systems. The OpenSpace quantum and SpectralNet products, part of Kratos' OpenSpace™ solutions, have been widely adopted, enabling the digital transformation of satellite operations. This technology allows for rapid deployment and flexibility, significantly reducing operational costs and time compared to traditional hardware systems.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the appointment of Deanna Hom Lund to its Board of Directors. Lund has served as Executive Vice President and CFO since April 2009, bringing extensive experience from Titan Corporation and Arthur Andersen. The Board, now expanded to nine members, commended Lund's strategic leadership in finance. Her addition is expected to bolster Kratos' efforts in offering affordable technology for national security. The company anticipates filling another board vacancy within 18 months.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced successful flight tests of its UTAP-22 Mako unmanned aircraft, marking a historic milestone as the closest a manned fighter has flown to an unmanned aircraft under autonomous control in DOD history. Conducted from April 29 to May 5, 2021, these tests utilized the Skyborg autonomy core system (ACS) to enhance military capabilities. The tests demonstrated the integration of unmanned and manned aircraft, significantly advancing operational effectiveness.
Kratos Defense & Security Solutions (NASDAQ: KTOS) will present at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021, at 2:15 PM Eastern. The presentation will be made by the company's President & CEO, Eric DeMarco, and Executive VP & CFO, Deanna Lund. A live webcast of this event can be accessed via the company's website, with an archived version available for 90 days post-event. Kratos specializes in innovative technologies for national security, including unmanned systems and cybersecurity.
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