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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 secured a $29.2 million Full Rate Production (FRP) contract from the U.S. Navy for the BQM-177A Subsonic Aerial Target (SSAT) program. This contract involves the procurement of 35 target aircraft and technical data, with a total potential value of $130.1 million if follow-on options are exercised. The contract work will be primarily done in California and Florida. Kratos aims to enhance the operational capability of the SSAT in the next fiscal year, reinforcing its position as a key player in national defense technology.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has secured a $950 million indefinite-delivery/indefinite-quantity contract focused on advancing Joint All Domain Command and Control (JADC2) capabilities. The contract aims to develop systems across air, land, sea, space, cyber, and electromagnetic domains. CEO Eric DeMarco emphasized the importance of modular, interoperable solutions for supporting the Air Force and Space Force in strategic operations. Kratos continues to innovate in defense technology, addressing critical needs in national security.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has partnered with Microsoft to launch Microsoft Azure Orbital, a Ground Station-as-a-Service (GSaaS) for the satellite industry. This service enables satellite operators to communicate and control their satellites, processing data directly in Azure without building expensive ground stations. Azure Orbital, powered by Microsoft's infrastructure, aims to enhance the efficiency of satellite data processing, reducing operational costs and time. Kratos' OpenSpace products are integrated into this platform, available in the Azure Marketplace, providing comprehensive ground operation functionalities.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the launch of CMMC pre-certification advisory services to help commercial organizations and Department of Defense contractors achieve CMMC compliance. These services include strategic consulting, gap assessments, and documentation support, tailored specifically for the Defense Industrial Base. As one of the largest FedRAMP assessment organizations, Kratos offers unique insights into CMMC requirements. The CMMC certification process will be phased into DoD RFPs by early 2021, enhancing security for federal contract information.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has announced the launch of data services for characterizing spacecraft in Geosynchronous Orbit (GEO). This service aims to enhance Space Domain Awareness (SDA) for both government and commercial entities globally. Utilizing a technique called Passive RF Ranging, Kratos provides highly accurate proximity operation data, real-time maneuver detection, and precise location data, overcoming limitations of traditional ground-based tracking methods. The service is supported by Kratos' extensive global RF monitoring network and advanced analytics.
Kratos Defense & Security Solutions (NASDAQ: KTOS) has been awarded a contract for the U.S. Air Force’s Ground Based Strategic Deterrent (GBSD) program, led by Northrop Grumman. The 8.5-year contract includes engineering services and production of missile transporters. This follows a successful technology maturation phase. The project aims for initial operational capability by 2029 and will be executed at Kratos’ York, Pennsylvania facility. Kratos' C5ISR division specializes in systems for national security and has demonstrated effectiveness in design review milestones.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced a successful second flight of the X-61A Gremlins Air Vehicle in July, achieving key technical milestones and reducing risk. The flight, conducted at Dugway Proving Ground, successfully demonstrated the Gremlins Demonstration System, including formation flight with a C-130 aircraft and parachute recovery. The program aims to enhance aerial capabilities for multiple low-cost reusable UASs. Executives emphasized the strategic partnership with Dynetics and the potential future of airborne aircraft carriers.
Kratios Defense & Security Solutions (KTOS) reported Q2 2020 revenues of $170.4 million, down from $187.9 million in Q2 2019, reflecting a $17 million decline in the KGS segment. Adjusted EBITDA decreased to $15.3 million from $19.2 million year-over-year. The company reported a net loss of $0.7 million and a GAAP EPS loss of $0.01. The future outlook is positive, with Q3 revenue guidance set at $195-$205 million and an increase in full-year revenue guidance to $740-$780 million, driven by the recent ASC Signal acquisition.
Kratos Defense & Security Solutions (NASDAQ: KTOS) has unveiled a cutting-edge RF Channel Simulator, designed for high-performance testing in dynamic communication systems. This simulator addresses the complexities of modern satellite and UAV communications, offering up to 600 MHz of instantaneous bandwidth. It enables RF engineers to emulate challenging conditions like fading and Doppler shifts, ensuring reliable communication systems before field deployment. This new technology builds on Kratos' established narrowband models and is already in successful use by partners like Gilat Satellite Networks.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced that its President & CEO, Eric DeMarco, along with Executive VP & CFO, Deanna Lund, will present at the Jefferies Virtual Industrials Conference on August 5th at 3:00 PM Eastern. A live webcast of the presentation will be accessible via Kratos' website and will be archived for 90 days post-event. Kratos specializes in advanced technology for national security, focusing on unmanned systems, satellite communications, and missile defense.
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