Welcome to our dedicated page for Kratos Defense & Sec Solutions news (Ticker: KTOS), a resource for investors and traders seeking the latest updates and insights on Kratos Defense & Sec Solutions stock.
Kratos Defense & Security Solutions (KTOS) delivers mission-critical technology for national security, specializing in unmanned systems, C5ISR, and cybersecurity solutions. This page provides direct access to all official company announcements, financial disclosures, and strategic developments.
Investors and industry professionals will find timely updates on KTOS contracts, product innovations, and operational milestones. Our curated news collection ensures accurate tracking of the company's role in advancing defense technologies and securing government partnerships.
Key updates include earnings reports, major contract awards, technology deployments, and leadership announcements. Each release is verified for authenticity, providing reliable insights into Kratos' contributions to electronic warfare, space systems, and autonomous platforms.
Bookmark this page for streamlined access to KTOS developments that impact defense sector dynamics. Regularly updated to reflect the company's latest advancements in protecting critical infrastructure and enabling modern warfare capabilities.
Kratos Defense & Security Solutions (NASDAQ: KTOS) introduced OpenSpace™, a revolutionary software platform enabling satellite operators and Ground-as-a-Service providers to establish dynamic ground systems. This technology, which employs Software-Defined Networking (SDN), allows for the virtualization of hardware components, enhancing adaptability and responsiveness in satellite operations.
OpenSpace also integrates various functionalities, such as the OpenSpace Controller for orchestration, and the OpenSpace OpsCenter for unified management, positioning Kratos as a leader in modernizing ground networks.
Kratos Defense & Security Solutions (NASDAQ: KTOS) participated in North Dakota's Innovation Day, showcasing its Autonomous Truck-Mounted Attenuator (ATMA), a driverless mobile crash barrier aimed at enhancing road work zone safety. Funded by a Federal grant, North Dakota's pilot program marks its sixth state adoption of this life-saving technology. With over 12 crash-related fatalities weekly in U.S. road work zones, Kratos' ATMA could potentially save 700 lives annually. Steve Fendley emphasized the commitment to advancing affordable unmanned technologies for public safety.
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.
