Kratos Defense & Sec Solutions Stock Price, News & Analysis

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.

Kratos (NASDAQ: KTOS) marks 25 years since the first flight of its commercially developed Oriole solid rocket motor, first launched in 2000 from NASA Wallops. Oriole has a 100% success rate across 80 missions and production has exceeded 100 units. Oriole has served as second/third stage across nine launch configurations, completed >40 Navy ballistic-missile-target missions, supported NASA sounding-rocket science, and delivered 10 hypersonic tests. Kratos developed a Thrust Vector Control in 2012 and recently negotiated a 60-motor contract with deliveries over the next three years.

Kratos (Nasdaq: KTOS) was awarded a single‑award Phase 1 contract to develop an organic sustainment capability for the U.S. Navy's AN/SPY-1 radar family, with a projected initial program ceiling of $175 million across multiple phases. Central to the effort is a Kratos-owned 155,000-square-foot Indiana Radar Integration Complex (IRIC) near NSWC Crane, expected to be operational in 2027. Phase 1 covers facility foundation, initial repair/overhaul processes for transmitters, signal processors and antennas, prototype sustainment technologies, and digital/AI-enabled data management. The work will be executed in phased milestones with coordination among NSWC Crane, PEO Integrated Warfare Systems, and fleet stakeholders.

Kratos Defense & Security Solutions (NASDAQ: KTOS) has achieved a significant milestone by completing the Preliminary Design Review (PDR) for the Space Development Agency's Advanced Fire Control Ground Integration (AFCGI) system with zero liens. The company, which secured a $116.7 million prime contract for AFCGI in 2024, completed the review in April 2025, just five months after the award.

The AFCGI program integrates advanced software, resilient ground systems, and secure networks into a unified architecture for real-time fire control. Through its OpenSpace® platform, Kratos will deliver and manage ground segment resources, operate a demonstration center, and run a secure cloud environment for mission software integration.