Kratos Defense & Sec Solutions Stock Price, News & Analysis

Kratos (Nasdaq: KTOS) opened a new 22,500-square-foot Propulsion Manufacturing Facility in Auburn Hills, Michigan on Nov 13, 2025 to support high-rate production of its Spartan turbojet engine family. The facility supports concurrent production and testing of all four Spartan engines (30 to 200+ lbf) and is configured for inventory isolation, shared inspection, and multi-station test cells.

Kratos says the site is designed to enable quantities of 50,000+ engines per year through investments in infrastructure, personnel, equipment, and optimized production flow to accelerate affordable mass inventory for defense customers.

Kratos (Nasdaq: KTOS) announced its Indiana Payload Integration Facility (IPIF) in Crane, Indiana, is on track to be fully mission capable by end of 2026. The 68,000-square-foot facility is under roof, with equipment foundations and interiors progressing. The project is estimated to cost more than $50 million, is purpose-built to accelerate Mach 5+ hypersonic flight testing (including MACH-TB), and is expected to create 100+ high-tech jobs with an estimated average annual wage of $80,000+. The IPIF will support payload preparation, advanced manufacturing, and test capabilities for next-generation hypersonic systems.

Kratos (NASDAQ:KTOS) signed a definitive agreement to acquire 100% of Israel-based Orbit Technologies for $356.3 million, to be funded from Kratos’ cash on hand. Orbit supplies mission-critical satellite communications hardware for airborne, maritime, undersea, land and unmanned systems and will report into Kratos’ Microwave Electronics Division (KMED) in Jerusalem after closing.

The deal is expected to be immediately accretive across virtually every financial metric and to close by end of March 2026, subject to normal closing conditions, including approvals related to an Israel-based national security company. Kratos will not include Orbit forecasts in guidance until after closing. Stifel is Orbit’s exclusive financial advisor.

Kratos (Nasdaq: KTOS) reported Q3 2025 revenue of $347.6M, up 26.0% (23.7% organic) versus Q3 2024, with GAAP net income of $8.7M and adjusted EBITDA of $30.8M. Unmanned Systems (KUS) revenue was $87.2M (+35.8% organic); Government Solutions (KGS) revenue was $260.4M (+20.0% organic). Consolidated bookings were $414.1M (book-to-bill 1.2) and consolidated backlog was $1.480B. Cash flow used in operations was $13.3M; free cash flow used was $41.3M in Q3 after $28.0M capex.

The company raised FY2025 revenue guidance to $1.320–$1.330B, forecasts 2026 organic growth 15–20% with ~100bp EBITDA-margin expansion, and set a 2027 organic growth target 18–23% with another ~100bp margin improvement.

Kratos (Nasdaq: KTOS) and GE Aerospace announced the GEK800 engine completed altitude, durability, and limits testing at Purdue Zucrow Laboratories, concluding a test campaign that began in late September 2025.

The GEK800 is an 800-lb thrust-class engine; teams reported more than 50 ground starts, discovery of rotor speed and compressor boundaries, and the first engine trial at the expanded ZL9 facility. The program is supported by AFRL and ONR and follows a formal teaming agreement signed in June 2025 to advance development and production.

Kratos Defense & Security Solutions (NASDAQ: KTOS) will release third quarter 2025 financial results after market close on Tuesday, November 4, 2025. Management will discuss operations and results in a conference call on November 4 at 2:00 p.m. Pacific / 5:00 p.m. Eastern. The live call and replay will be available on the company website at www.kratosdefense.com. Participants must register via the online form to receive the dial-in number and a unique PIN for telephone access.

Kratos (Nasdaq: KTOS) announced a strategic partnership with Korea Aerospace Industries (KAI) to advance manned-unmanned teaming (MUM-T) technologies and capabilities.

The collaboration will focus on joint research, system integration, and scalable MUM-T applications such as autonomous loyal wingmen, distributed sensing, and collaborative strike missions, and will evaluate co-development, production, and export opportunities aligned with U.S. and allied defense requirements.

Kratos (Nasdaq: KTOS) announced on October 23, 2025 it was awarded a $68.3 million contract under the Department of War’s Industrial Base Analysis and Sustainment Program to design and build a mid-tier arc jet and coupled fiber laser facility (Project Helios) for hypersonic materials testing.

The facility pairs a 20–25 MW arc jet with a 200 kW fiber laser to fill national testing gaps, support all U.S. armed forces, accelerate thermal protection system development, reduce program costs, and provide multi-decade testing capacity. Partners named include North Wind and New Horizon 5; Kratos SRE cites ~80 years of high-temperature materials experience.

Kratos (NASDAQ:KTOS) unveiled the Ragnarök Low-Cost Cruise Missile (LCCM), a strike munition shown on the XQ-58 Valkyrie at the 2025 Miramar Air Show on Oct 13, 2025.

Key specs: 500 nautical mile range, 80-pound payload, high-altitude capability to 35,000 ft, and cruise speed > Mach 0.7. Design highlights include carbon-composite structures, enhanced propulsion, wing-folding, and compatibility with standard 14-inch rack systems for internal, external, or pallet carriage. Kratos says initial development is complete and estimates production cost of ~$150,000 per unit at a 100-unit quantity; the company is engaging defense partners for deployment.