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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.
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Kratos Defense & Security Solutions, Inc. secures an $877 million contract for the Sounding Rocket Program-4. The nine-year contract aims to provide suborbital launch services and launch support services, with an expected completion date of November 15, 2029.
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Kratos Defense & Security Solutions, Inc. welcomes U.S. Senator Gary Peters and U.S. Representative Lisa McClain to showcase affordable turbine engines and turbogenerators at Technical Directions Inc. The visit highlights TDI's unique turbine engine technologies for military applications and the $9 million contract award from the Department of Defense, which is expected to rapidly increase TDI’s job, capability, and capacity growth trajectories.
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Kratos Defense & Security Solutions, Inc. (KTOS) will release its financial results for the fourth quarter and fiscal year 2023 on February 13th, followed by a conference call to discuss the operations and financial performance. The call will be available for registration on the company's website, with a replay option for those unable to join the live broadcast.
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Velo3D, Inc. (NYSE: VLD) has announced that Kratos SRE, Inc., a subsidiary of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), has acquired a Velo3D Sapphire printer to support Kratos’s technology development. The state-of-the-art metal additive manufacturing solution will be used to accelerate the vertical integration of critical supply chains in certain areas of the broader Kratos organization. The Velo3D solution will enable high-speed, low-cost production of metal parts, reducing lead times and lowering costs. The companies will be attending the Military Additive Manufacturing Summit & Technology Showcase in Tampa, Florida on January 16-17, 2024.
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Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) announced receiving approximately $50 million in awards for Products and Hardware, including for Counter Unmanned Aerial System (CUAS), Air Defense, and Radar Systems. The contracts and programs were awarded on a single award or sole source basis. Kratos is an industry leader in systems, hardware, and microwave electronics, with a focus on affordability and rapid, low-cost manufacturing. The work under the awards will be performed at secure Kratos manufacturing facilities and customer locations. Due to security and competitive considerations, no additional information will be provided. Eric DeMarco, President and CEO of Kratos, emphasized the company's support for the U.S. warfighter and allies' defense and security needs, highlighting their ability to rapidly develop and provide affordable solutions at scale and quantity.
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Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) and Rancher Government Solutions (RGS) have announced a strategic partnership to enable customers to seamlessly deploy and scale virtual ground systems using Kratos’ software-based OpenSpace® Platform. This platform supports multiple satellites, orbits, payloads, and services, catering to increasingly complex and dynamic satcom and Earth Observation missions. The partnership aims to transition satellite operators and government agencies from fixed and proprietary hardware to flexible and scalable generic compute-based cloud environments, thus delivering services faster and streamlining operations.
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Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) achieved 100% interoperability success at the inaugural DIFI Plugfest, demonstrating the effectiveness of their Digital IF products. Seven equipment makers participated, with Kratos leading in the number of products tested. The company's OpenSpace, SpectralNet, and quantum products are driving the movement towards building interoperable, standards-based products for satellite networks, aiming to deliver more flexible, streamlined, and affordable satellite services worldwide.
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Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) successfully supported the intercept test of two Short-Range Ballistic Missile (SRBM) targets by two Standard Missile 3 Block IA (SM-3 Blk IA) interceptors during the Vigilant Wyvern event. This test demonstrated the capability of a ballistic missile defense-configured Aegis ship to detect, track, and engage SRBM targets and execute Anti-Air Warfare engagements. The successful intercepts by the Arleigh Burke-class destroyer USS CARL M. LEVIN were the highlight of the event, showcasing Kratos' affordable target systems and vehicles.
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Kratos Defense & Rocket Support Solutions, Inc. (KTOS) announces the formation of Atreus Technologies, LLC, a joint venture with ReLogic Research, Inc. The joint venture aims to deliver leading edge technology and innovation tailored for defense and aerospace sectors, leveraging the combined strengths of both companies. Atreus Technologies is committed to providing groundbreaking solutions addressing the evolving needs of the Nation's Warfighters.
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Kratos Defense & Security Solutions, Inc. has appointed retired Army Col. Brad Boyd and recently retired long-time equity fund Portfolio Manager Dan Hagen to its Board of Directors. The company also announced the retirements of Samuel Liberatore and Jane Judd from the Board. Boyd brings expertise in automation and autonomy in warfare, while Hagen has significant financial acumen. Kratos aims to further its momentum as a leading technology provider in areas such as unmanned aerial drone systems, space and satellite communications, cyber warfare, and AI-enabled operations.
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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.
Kratos Defense & Security Solutions, Inc.
Nasdaq:KTOS
KTOS Rankings
KTOS Stock Data
3.99B
147.84M
1.82%
88.34%
2.12%
Aerospace & Defense
Guided Missiles & Space Vehicles & Parts
United States of America
SAN DIEGO