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Kratos Defense & Security Solutions, Inc. - KTOS STOCK NEWS

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.

News

Kratos Receives $57.6 Million Contract for 70 BQM-177A Aerial Targets

Rhea-AI Summary
Kratos Defense & Security Solutions, Inc. (KTOS) announced a $57.67 million contract modification for the production of BQM-177A Surface Launched Aerial Targets for the U.S. Navy. The contract includes 70 targets and Rocket-Assisted Takeoff attachment kits, enhancing fleet training and weapons system testing.
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Kratos Unmanned Systems Division Self-Driving Truck Leader Follower Platoon Fleet to Be Deployed in Ohio and Indiana

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Kratos Defense & Security Solutions, Inc. (KTOS) partners with EASE Logistics to deploy self-driving Class 8 tractor/trailers in a Leader Follower Platoon to address driver shortage impacts and enhance supply chain security in Ohio and Indiana.
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Kratos Awarded a $499 Million Multiple Award, Indefinite-Delivery/Indefinite-Quantity Contract for the Design, Build, Test, and Delivery of Functioning Anti-Tamper Solutions

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Kratos Defense & Security Solutions, Inc. (KTOS) secures a $499 million contract for anti-tamper solutions to protect critical program information for Department of Defense programs. The contract spans until February 2030, with work to be done in the US. This award opens new opportunities for Kratos in the national security sector.
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Kratos Congratulates Stuart Daughtridge for His Nomination as Via Satellite’s 2023 Satellite Executive of the Year

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Kratos Defense & Security Solutions congratulates Stuart Daughtridge, VP of Advanced Technology, for being named a finalist for Via Satellite’s 2023 Satellite Executive of the Year Award. Stuart's leadership in advancing interoperability in the satellite industry through DIFI has garnered industry recognition.
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Kratos Defense & Security Solutions, Inc. Prices Public Offering of Common Stock

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Kratos Defense & Security Solutions, Inc. announces the pricing of an underwritten offering of 16,666,667 shares of common stock at $18.00 per share, expecting to raise approximately $288 million. The net proceeds will be used for long-term strategy, facility investments, expanding manufacturing capacity, strengthening the balance sheet, and general corporate purposes.
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Kratos Defense & Security Solutions, Inc. Announces Proposed Public Offering of Common Stock

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Kratos Defense & Security Solutions, Inc. announces a $300 million common stock offering to support its long-term strategy including investment in facilities, expansion of manufacturing capacity, and strengthening the balance sheet.
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Kratos Orders Nine Zeus 1 and Zeus 2 Rocket Motors in Preparation for Initial Customer Funded Flights

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Kratos Defense & Security Solutions, Inc. (KTOS) announced the order of nine new Zeus 1 and Zeus 2 rocket motors by its Space & Missile Defense business unit. These motors offer substantial performance improvements for commercial launch vehicle stages, hypersonic tests, ballistic missile targets, and other missions, while maintaining affordability and rapid integration capabilities. The internally funded Zeus SRMs are designed by Kratos and manufactured by Aerojet Rocketdyne, providing a cost-effective solution for customers. This strategic move aligns with Kratos' focus on delivering innovative, affordable systems to the defense sector.
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Kratos Announces Visionary Sponsorship at Inaugural Creative Disruptors in the Desert Conference

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Kratos Defense & Security Solutions, Inc. (KTOS) announces its sponsorship of Creative Disruptors in the Desert, a conference focusing on innovation in National Security. The event aims to address barriers to technology advancement in the sector, bringing together leaders and companies like Kratos to drive transformation and enhance U.S. National Security competitiveness.
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Kratos Wins $579M Single Award IDIQ for Space Force SATCOM C2 System

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Kratos Defense & Security Solutions, Inc. secures a $579 million contract for Command and Control System Sustainment and Resiliency, supporting U.S. MILSATCOM requirements. The contract spans from December 1, 2023, to May 31, 2032, with options for future task orders. Kratos aims to enhance the CCS-C system for various U.S. MILSATCOM programs, reinforcing the capabilities of the U.S. Space Force and international allies.
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Kratos Reports Fourth Quarter and Full Year 2023 Financial Results

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Kratos Defense & Security Solutions, Inc. (KTOS) reports strong financial results for Q4 2023 and full year 2023 with significant revenue growth, positive cash flow, and improved book-to-bill ratios. The company's strategic focus on technology investments and market opportunities is yielding positive results, despite challenges in personnel retention and government budget uncertainties.
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FAQ

What is the current stock price of Kratos Defense & Security Solutions (KTOS)?

The current stock price of Kratos Defense & Security Solutions (KTOS) is $26.63 as of November 22, 2024.

What is the market cap of Kratos Defense & Security Solutions (KTOS)?

The market cap of Kratos Defense & Security Solutions (KTOS) is approximately 4.0B.

What does Kratos Defense & Security Solutions, Inc. do?

Kratos specializes in providing mission-critical products, services, and solutions for U.S. national security priorities, including areas like satellite communications, electronic warfare, and unmanned systems.

How is Kratos Defense & Security Solutions, Inc. structured?

The company operates through two main segments: Kratos Government Solutions (KGS) and Unmanned Systems.

What are the core capabilities of Kratos?

Kratos' core capabilities include engineering, manufacturing, and systems integration for national security platforms, with expertise in C5ISR, satellite communications, electronic warfare, unmanned systems, missile defense, and cybersecurity.

What recent achievements has Kratos Defense & Security Solutions, Inc. made?

One of Kratos' recent achievements includes the integration of Shield AI’s Hivemind with their Firejet. They also showcased the OpenSpace® Software Ground System for multi-mission satellite operations.

How many employees does Kratos have?

Kratos employs approximately 3,900 individuals, most of whom are engineers and technical professionals.

What is the primary revenue driver for Kratos?

Kratos Government Solutions (KGS) is the primary revenue driver for the company.

How does Kratos contribute to national defense?

Kratos contributes through its innovative and cost-effective technologies in areas such as unmanned systems, missile defense, and cyber warfare, which are critical to modern national defense strategies.

Who should be contacted for investor inquiries?

For investor information, you can contact 877-934-4687 or email investor@kratosdefense.com.

Where is Kratos Defense & Security Solutions, Inc. headquartered?

Kratos is headquartered in San Diego, California.

What kind of unmanned systems does Kratos develop?

Kratos develops unmanned aerial, ground, and seaborne vehicles, along with related command, control, and communications systems.

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Kratos Defense & Security Solutions, Inc.

Nasdaq:KTOS

KTOS Rankings

#1461 Ranked by Market Cap
N/A Ranked by Dividends

KTOS Stock Data

3.99B
147.84M
1.82%
88.34%
2.12%
Aerospace & Defense
Guided Missiles & Space Vehicles & Parts
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United States of America
SAN DIEGO