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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.
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.
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