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

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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. (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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Kratos Defense & Security Solutions announced that the Marine Corps XQ-58A Valkyrie, a low-cost tactical unmanned air vehicle, successfully completed its first test flight. The flight marks a key milestone in the Marine Corps' PAACK-P program and will inform future requirements for the Marine Air-Ground Task Force Unmanned Aerial System Expeditionary Tactical Aircraft. The XQ-58A has six planned test flights to evaluate its capabilities for intelligence, surveillance, and reconnaissance missions, autonomous electronic support, and manned-unmanned teaming. Kratos' Valkyrie provides extreme flexibility for Department of Defense customers and falls within the attritable cost class.
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Kratos Defense & Security Solutions, Inc. reported its Q3 2023 financial results, with revenues of $274.6 million, reflecting 20.1% organic growth compared to Q3 2022. The company's book-to-bill ratio was 1.0 to 1.0 for the quarter. Kratos' Government Solutions Segment saw organic revenue growth of 22.0%, while the Unmanned Systems Segment had 13.4% organic revenue growth. The company's net loss for Q3 2023 was $1.6 million, compared to a net loss of $8.0 million in Q3 2022.
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Kratos Defense & Security Solutions, Inc. will publish financial results for Q3 2023 on November 2nd and discuss operations and financial results in a conference call.
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Kratos Defense & Security Solutions awarded contract for aviation trainers by the Australian Defence Force
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Kratos Defense & Security Solutions announces OpenSpace Platform as the first virtualized satellite ground system to achieve MEF 3.0 Carrier Ethernet certification
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KTOS: Hypersonix and Kratos Defense & Security Solutions announced an Exclusive Teaming Agreement to provide the Hypersonix DART AE Hypersonic System within the U.S. market, integrated with Kratos’ Zeus family of solid rocket motors. The DART AE is a high temperature alloy, hydrogen-fueled, scramjet technology driven, autonomous hypersonic platform. Hypersonix aims to expand its presence in the U.S. and promote the sale of the DART AE system within the U.S. Department of Defense and other U.S. National Security markets. Kratos has agreed to initially procure up to 20 DART AE systems from Hypersonix. The partnership focuses on providing a first-to-market capability to test and demonstrate important hypersonic capabilities for U.S. Industry, the DoD, and National Security.
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Kratos Defense & Security Solutions announces display of tactical and target unmanned jet drones at upcoming air show
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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 $26.66 as of December 24, 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

4.03B
147.86M
1.81%
88.37%
2.6%
Aerospace & Defense
Guided Missiles & Space Vehicles & Parts
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United States of America
SAN DIEGO