Kratos Defense & Security Solutions, Inc. develops and fields technology, products, systems and software for defense, national security and global markets. News about KTOS commonly covers contract awards and program activity across Kratos Government Solutions and Unmanned Systems, including space ground systems, missile warning and tracking support, defense rocket systems, turbine technologies, microwave products and tactical unmanned aircraft.
Company updates also address financial results, bookings and guidance; production and test milestones for systems such as Firejet and Oriole; hypersonic materials-test infrastructure under Project Helios; completed acquisitions; and board or governance changes.
Kratos Defense & Security Solutions (KTOS) reported third-quarter 2026 revenue of $471.8 million, up 35.7 percent from a year earlier. Organic growth was 23.2 percent. The company recorded a $0.2 million net loss, versus $8.7 million net income a year earlier, while adjusted earnings per share rose to $0.24 from $0.14.
Quarterly bookings reached $1.037 billion, and backlog increased to $2.650 billion from $2.084 billion at June 28, 2026. Government Solutions revenue rose 52.5 percent; Unmanned Systems revenue fell to $74.6 million from $87.2 million. Operating cash use was $5.2 million, with capital expenditures of $30.2 million.
Kratos raised its 2026 adjusted EBITDA guidance and forecasts 2027 revenue of $2.1–$2.2 billion. That forecast requires reassessment if the federal continuing resolution extends beyond March 31, 2027; it does not anticipate a government shutdown.
Kratos Defense & Security Solutions (Nasdaq: KTOS) received a $33.6 million contract to provide NASA’s SR-1 Freedom spacecraft power conversion system. Kratos will design, build and deliver the system as a subcontractor to Sierra Lobo under its NASA SpaceDOC III contract.
The work covers a closed Brayton cycle system that converts reactor heat into electricity for the spacecraft’s electric propulsion and onboard operations. Kratos said SR-1 Freedom is targeted for launch in 2028 and is intended to travel beyond Earth’s orbit to Mars, demonstrate nuclear electric propulsion and deliver the SkyFall science payload. The mission aims to demonstrate fission power beyond Earth’s orbit and support development of an industrial base for future deep-space operations.
Kratos Defense & Security Solutions (NASDAQ: KTOS) will publish third-quarter 2026 financial results after market close on November 5, 2026.
Management will discuss operations and financial results that day at 2:00 p.m. Pacific (5:00 p.m. Eastern). The call and a replay will be available on the company’s website.
Kratos Defense & Security Solutions (KTOS) began construction of new radar sustainment and hypersonic testing facilities in Odon, Indiana.
The projects involve $35 million in funding through the Department of War’s Industrial Base Analysis and Sustainment program and cost-sharing from Kratos. Kratos also identifies its own investment as $35 million. The approximately 183,000-square-foot Indiana Radar Integration Complex is designed to support repair, testing, integration and sustainment of the Navy’s AN/SPY-1 radar system, with infrastructure for legacy and next-generation radars.
The Helios Arc Jet & Laser Facility is being designed to test thermal protection systems used in hypersonic vehicles and advance directed energy technologies. Kratos expects the facilities to expand its engineering, integration, testing and manufacturing capabilities.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced successful flight tests of its TDI-J85 turbojet engine across three launch configurations. The tests covered Lugged Launch, Palletized Launch and Surface-to-Surface applications, including rail or zero-length launchers, cargo-aircraft-deployed systems and containerized munitions.
The J85 is production-ready, and the Spartan engine manufacturing facility is fully operational. Kratos placed a 3,000-engine component order for 2027 production. The company describes a path to 10,000+ engines annually by 2029, rather than current output at that level. The Spartan engine family also supports multiple next-generation defense development programs. The production expansion is intended to support rising demand for low-cost propulsion systems.
Kratos Defense & Security Solutions (NASDAQ: KTOS) and Airbus completed the U740-Valkyrie uncrewed combat aircraft’s first European test flight. Conducted at a Northern European test facility, the flight achieved all objectives, including rocket-assisted take-off without a runway, maneuvers at various altitudes and speeds up to Mach 0.8, and in-flight mission adjustments.
The companies said they remain on track to deliver a combat-ready collaborative combat aircraft by 2029 to address German and other European armed forces’ operational requirements.
Kratos Defense & Security Solutions (KTOS) successfully demonstrated end-to-end connectivity across a multi-vendor satellite-based 5G network using its OpenSpace ground system.
The demonstration involved Korea-based satellite operator KT SAT, Kratos’ OpenSpace radio access network, Druid Software’s Raemis 5G Core and equipment based on GCT Semiconductor Holding’s (GCTS) GDM7275X. Together, these components performed cell search, registered with the Druid core and established two-way communication, validating interoperability between different vendors. The network used native 5G NR NTN technology, which extends 5G connectivity to non-terrestrial networks. Kratos describes its software-defined architecture as a way for satellite operators to scale services, reduce hardware dependencies and choose among vendors.
Kratos Defense & Security Solutions (KTOS) secured multiple contracts totaling over $100 million to develop prototype space and cyber mission capabilities. The awards cover mission applications and cyber capabilities that provide space intelligence data for joint operations. Work includes collecting and processing radio frequency signals, developing intelligence on the operational environment and supporting the process of identifying, prioritizing and targeting assets.
The prototype systems will support electronic warfare and offensive cyber operations, including access and battle damage assessment. The contracts will use Kratos’ KnownSpace Network, its global radio frequency collection infrastructure, and field-portable KnownSpace Recon+ terminals. They will also draw on the company’s software, analytics and signal-processing and cybersecurity expertise.
Kratos Defense & Security Solutions (KTOS) promoted Bill Wilson to president of its C5ISR Systems Division and corporate senior vice president.
The appointment is effective immediately. Wilson previously served as the division’s executive vice president and CFO. In his new role, he will oversee Kratos’ military-specification hardware and mobility systems business.
Kratos Defense & Security Solutions (KTOS) and GE Aerospace (GE) reported a key milestone with the successful ignition test of the GEK800 turbofan cruise missile propulsion system at Kratos’ X-58 test facility. The Serial Number 1 engine ignited successfully, delivering a stated 100 percent success rate for this critical development phase and keeping the program on schedule.
Recently designated the F143, the GEK800 is designed to meet Department of War requirements for long-range, stand-off strike capabilities and to provide an affordable, high-performance cruise missile engine. The successful test validates the engine’s technological architecture, reliability and readiness for further integration and launches a new testing campaign. Kratos and GE Aerospace state that the program is aimed at enabling rapid capability deployment and lower lifecycle costs for the Department of War and allied prime contractors as they prepare for potential large-volume production.