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 has appointed Claire Burghoff as Vice President of Government Affairs & Corporate Communications, effective June 24, 2024. Claire will lead corporate communications and support strategic government affairs initiatives. Previously with Cornerstone Government Affairs, she has over 15 years of public relations experience intersecting with public policy. Claire's role will enhance Kratos’ visibility and reputation, leveraging her expertise to communicate the company's value to key stakeholders. CEO Eric DeMarco and Senior VP Ben Goodwin emphasized her significant contributions and strategic insights for advancing Kratos’ mission.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has launched a podcast titled 'Cyber Compliance and Beyond' to assist businesses with cybersecurity compliance. The podcast aims to help companies navigate compliance requirements, including CMMC, FedRAMP, and HIPAA, essential for government contracts and regulated industries. Host Cole French, with over a decade of experience, will provide practical advice through real-world scenarios and expert discussions. Episodes are available on all major streaming platforms and release on the first Tuesday of every month.
Kratos Defense announced the 200th launch of its BQM-177A Sub-Sonic Aerial Target (SSAT) on April 2, 2024, at Naval Air Weapons Station China Lake, California, supporting the U.S. Navy's AIM-9X mission. The BQM-177A emulates high-speed, sea-skimming anti-ship cruise missile threats, capable of speeds over 0.95 Mach and altitudes as low as 6.6 feet. This versatile aerial target supports various mission needs with multiple payload options. Steve Fendley, President of Kratos Unmanned Systems Division, and Greg Crewse, Program Manager for the Navy’s Aerial Targets Program Office, highlighted the important role and future relevance of the BQM-177A in military training and operations.
On May 22, 2024, Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the use of its OpenSpace® SATCOM ground system in BlueHalo's demonstration for the U.S. Space Force’s SCAR program at the 2024 Space Symposium in Colorado Springs, CO. This demo showcased integrated backend mission services, including system scheduler and mission processor interfaces. The OpenSpace platform, a software-defined, cloud-agnostic system, supports multi-orbit operations and rapid service instantiation. BlueHalo’s SCAR program, valued at $1.4 billion, aims to enhance satellite control capacity through innovative phased-array antennas and ground systems.
Kratos Defense & Security Solutions, Inc. reported first quarter 2024 financial results with revenues of $277.2 million, a 19.6% increase over the previous year. The company's Unmanned Systems revenues increased by 23.8%, and the KGS segment saw an 18.5% organic growth. Bookings were $317.8 million, affirming the full year 2024 financial forecast.
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) will release its first quarter 2024 financial results on May 7th. The company will host a conference call to discuss the results, focusing on its operations and financial performance in the Defense, National Security, and Global Markets sectors.
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?
