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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.

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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.

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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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Kratos Defense & Security Solutions, Inc. and SES successfully demonstrated a fully virtualized SATCOM ground system for the U.S. Army, showcasing a flexible network architecture supporting multi-orbit, multi-mission satellite operations. The technology enables seamless communication pathways for resilient SATCOM, utilizing a containerized architecture that allows soldiers to position their RF hardware and hubs globally. The demonstration, conducted over SES's O3b MEO satellite network, highlighted the make-before-break capability essential for MEO and LEO satellite constellations. Kratos's OpenSpace Platform, hosted on public cloud resources provided by SES, offers the reliability and agility required for modern MILSATCOM networks.
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Kratos Defense & Security Solutions, Inc. completes the development of the Zeus Solid Rocket Motor (SRM) Family with the successful Zeus 2 static test fire. The milestone marks the completion of the new affordable commercial SRM family, showcasing Kratos' commitment to investing in defense technology.
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Kratos Defense & Security Solutions successfully demonstrated a virtualized satellite communications ground system with partners Telesat Government Solutions and Cobham Satcom for the U.S. Army, showcasing interoperability and multi-mission capability. The OpenSpace Platform offers resiliency and agility for modern military operations, enabling seamless communication across different satellite orbits.
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Kratos Defense & Security Solutions, Inc. appoints Brigadier General (Retired) Bobbi Doorenbos to its Board of Directors, bringing significant military and leadership experience. General Doorenbos has served in various high-level positions and brings expertise in defense policy and intelligence programs.
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Kratos Defense & Security Solutions successfully demonstrates XQ-58A's capabilities in a live flight test event, marking a milestone in the PAACK-P program. The XQ-58A Valkyrie showcases advanced electronic attack capabilities and operational flexibility, promising increased lethality and survivability for the US Marine Corps.
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Kratos Defense & Security Solutions, Inc. (KTOS) and Shield AI, Inc. successfully complete the first phase of AI-piloted flight-testing on the Kratos family of UAS. Shield AI's Hivemind AI pilot has flown on the Kratos Tactical Firejet, marking a significant milestone in their integration project. The collaboration aims to productize another configuration of the Valkyrie with Shield AI's AI pilot, showcasing the rapid advancements in autonomy and AI design tools.
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Shield AI and Kratos successfully complete AI-piloted flight-testing on Kratos platforms using Firejet as a test surrogate, moving towards productizing Shield AI's pilot for the XQ-58 Valkyrie. This achievement marks a major milestone in the integration project, showcasing the rapid development of AI technology in military aviation.
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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 Defense & Security Solutions, Inc.

Nasdaq:KTOS

KTOS Rankings

KTOS Stock Data

2.81B
126.81M
2.15%
77.81%
1.55%
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
Manufacturing
Link
United States of America
SAN DIEGO

About KTOS

kratos defense & security solutions, inc. (nasdaq:ktos) is a specialized national security technology business providing mission critical products, services and solutions for united states national security priorities. kratos’ core capabilities are sophisticated engineering, manufacturing and system integration offerings for national security platforms and programs. areas of expertise include c5isr, satellite communication systems, electronic warfare, unmanned systems, missile defense, cyber warfare, cybersecurity, information assurance and critical infrastructure security. kratos has primarily an engineering and technically-oriented work force of approximately 3,900.