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Overview of Kratos Defense & Security Solutions
Kratos Defense & Security Solutions is a specialized national security technology company delivering mission critical products, services, and systems integration solutions. Operating within the realm of advanced defense technologies, the company excels in providing highly engineered solutions for applications including C5ISR, unmanned systems, and cybersecurity. With a focus on delivering transformative technologies for defense platforms and national security priorities, Kratos is recognized for its rigorous engineering, manufacturing, and system integration capabilities.
Core Business and Segments
The organization is structured around two primary operating segments. The Kratos Government Solutions (KGS) segment aggregates diverse areas such as microwave electronic products, space systems, cybersecurity, and modular systems including C5ISR capabilities. This segment is instrumental in addressing the evolving requirements of national security, delivering innovative solutions for command and control, surveillance, and integrated defense applications.
The second segment, The Unmanned Systems, specializes in the development and deployment of unmanned aerial, ground, and seaborne systems. These systems are critical in modern defense strategies, offering enhanced operational capabilities through advanced command and control, communications, and integration of high-performance technologies. By continuously investing in internal innovation, Kratos has established a robust framework that supports the development of competitive unmanned platforms deployed across a variety of mission profiles.
Advanced Engineering and Technological Expertise
Kratos stands out in the defense industry through its strong emphasis on sophisticated engineering and cutting-edge technology. The company combines expertise in electronic warfare, satellite communications, cyber warfare, and information assurance to provide integrated solutions tailored to meet stringent national security standards. Its operational model is built on a culture of innovation, with a workforce that is deeply technical and focused on delivering precision-engineered systems. This technical proficiency enables the company to address complex problems and develop customized solutions for defense and security applications.
Market Position and Industry Impact
Positioned firmly within the national security arena, Kratos Defense & Security Solutions has carved out a significant role by reliably providing mission critical systems that enhance defense capabilities. The firm is distinguished by its ability to integrate hardware, software, and systems that support an array of defense programs including electronic warfare and missile defense. Its methodologies in system integration and agile manufacturing not only address current national security challenges but also reinforce the company’s reputation as an expert in its field.
Operational Excellence and Integrated Systems
- Systems Integration: Kratos leverages deep technical expertise to create seamless integration of complex systems that are essential for defense applications.
- Engineering Innovation: Constant investment in technology development and manufacturing capabilities ensures that the company’s products meet high operational and reliability standards.
- National Security Focus: The company’s products and services are meticulously designed to fulfill the critical demands and priorities of U.S. national security initiatives.
Commitment to Quality and Expertise
The descriptive narrative of Kratos Defense & Security Solutions is enhanced by its commitment to quality and continuous improvement. By emphasizing technical expertise and a disciplined approach to engineering, the company builds trust within the defense community. Its engagements across various defense segments underpin its reputation as a knowledgeable and experienced partner in addressing the complex challenges posed by modern security needs.
Conclusion
In summary, Kratos Defense & Security Solutions exemplifies a focused approach to national security technology, backed by a history of sophisticated engineering and system integration. Its dual-segment model, dedicated to both government solutions and unmanned systems, positions it well within a competitive landscape that demands technical excellence and reliable performance. This detailed insight underscores the company’s role as a creator of mission critical solutions designed to support and enhance defense capabilities through continuous technological innovations.
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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