Welcome to our dedicated page for Kratos Defense & Sec Solutions news (Ticker: KTOS), a resource for investors and traders seeking the latest updates and insights on Kratos Defense & Sec Solutions stock.
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) generates frequent news related to defense, national security and commercial technologies. The company’s announcements highlight developments in unmanned systems, hypersonics, propulsion, space and satellite ground systems, microwave electronics, and C5ISR hardware. This news page aggregates those updates so readers can follow how Kratos’ activities and contracts evolve over time.
Recent news has covered the opening of new facilities for hypersonic system manufacturing and payload integration in Princess Anne, Maryland, expansion of operations in Birmingham, Alabama to support products such as HORUS, CRADLE and UltraSpec, and a new propulsion manufacturing facility in Auburn Hills, Michigan for Spartan military-grade turbojet engines. Kratos has also reported on a new microwave electronics facility in Jerusalem, a PT6A and PT6T engine overhaul facility in Vancouver, British Columbia, and additional investments in the U.S. defense industrial base.
Other announcements include a collaboration with Northrop Grumman that uses Kratos’ Valkyrie uncrewed aerial system in a U.S. Marine Corps collaborative combat aircraft program, contracts for air defense and C5ISR system hardware production, and a letter of intent to L3Harris Technologies for Zeus hypersonic solid rocket motors. Kratos also issues news on its EPOCH command and control software for satellites, capital raising transactions and its reinvestment-focused capital allocation philosophy.
Investors, analysts and industry observers can use this KTOS news feed to review company press releases, contract awards, facility openings, technology milestones and strategic agreements as they are reported, providing context on Kratos’ role in defense, national security and related commercial markets.
Kratos Defense & Security Solutions (NASDAQ: KTOS) has announced its schedule for the second quarter 2024 earnings conference call. The call is set for Wednesday, August 7th, following the release of financial results after market close. Management will discuss the company's operations and financial performance starting at 2:00 p.m. Pacific (5:00 p.m. Eastern).
Interested participants can access the call through the company's website at www.kratosdefense.com. Registration is required via an online form, which will provide a dial-in number and unique PIN for call access. For those unable to join the live broadcast, a replay will be made available on Kratos' website.
GE Aerospace and Kratos Defense & Security Solutions have signed a Memorandum of Understanding to partner on the development and production of small affordable engines for potential use in unmanned aerial systems (UAS), collaborative combat aircraft, and similar applications. This agreement, once finalized, will replace an existing joint development agreement and includes full-scale engine production.
The companies have been collaborating for the past year on a small affordable engine, which was initially developed and ground tested by Kratos. Under the current agreement, they have completed additional development efforts and are conducting tests. The team plans to continue development, with altitude testing scheduled for next year at GE Aerospace's test cell in Evendale, Ohio.
Kratos Defense & Security Solutions (KTOS) has successfully demonstrated the Kratos Trolley Launch System (KTLS) for its Valkyrie jet drone, showcasing affordable runway flexibility. The KTLS allows the Valkyrie to take off autonomously from traditional runways or straight roads without requiring additional acceleration devices. This demonstration, funded by Kratos, took place at the North Dakota GrandSky Range. The KTLS, alongside the RATO method, enables full payload and fuel maximization by eliminating conventional landing gear requirements, thereby reducing costs. This development highlights Kratos' commitment to delivering near-term, cost-effective defense solutions.
Kratos Defense & Security Solutions announced the successful first flight of its Erinyes™ Hypersonic Test Bed on June 12, 2024. The test, conducted at NASA's Wallops Flight Facility in Virginia, was part of a collaboration with the Missile Defense Agency and the Naval Surface Warfare Center. This inaugural flight validated a new platform for hypersonic experimentation, enabling data collection for multiple experiments. Kratos' CEO, Eric DeMarco, highlighted the company's focus on rapid, cost-effective development and its potential impact on future growth. The Erinyes platform is intended to accelerate technology readiness without adding risk to existing programs.
Kratos Defense & Security Solutions has appointed Claire Burghoff as Vice President of Government Affairs & Corporate Communications, effective June 24, 2024. Claire will lead corporate communications and support strategic government affairs initiatives. Previously with Cornerstone Government Affairs, she has over 15 years of public relations experience intersecting with public policy. Claire's role will enhance Kratos’ visibility and reputation, leveraging her expertise to communicate the company's value to key stakeholders. CEO Eric DeMarco and Senior VP Ben Goodwin emphasized her significant contributions and strategic insights for advancing Kratos’ mission.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has launched a podcast titled 'Cyber Compliance and Beyond' to assist businesses with cybersecurity compliance. The podcast aims to help companies navigate compliance requirements, including CMMC, FedRAMP, and HIPAA, essential for government contracts and regulated industries. Host Cole French, with over a decade of experience, will provide practical advice through real-world scenarios and expert discussions. Episodes are available on all major streaming platforms and release on the first Tuesday of every month.
Kratos Defense announced the 200th launch of its BQM-177A Sub-Sonic Aerial Target (SSAT) on April 2, 2024, at Naval Air Weapons Station China Lake, California, supporting the U.S. Navy's AIM-9X mission. The BQM-177A emulates high-speed, sea-skimming anti-ship cruise missile threats, capable of speeds over 0.95 Mach and altitudes as low as 6.6 feet. This versatile aerial target supports various mission needs with multiple payload options. Steve Fendley, President of Kratos Unmanned Systems Division, and Greg Crewse, Program Manager for the Navy’s Aerial Targets Program Office, highlighted the important role and future relevance of the BQM-177A in military training and operations.
On May 22, 2024, Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the use of its OpenSpace® SATCOM ground system in BlueHalo's demonstration for the U.S. Space Force’s SCAR program at the 2024 Space Symposium in Colorado Springs, CO. This demo showcased integrated backend mission services, including system scheduler and mission processor interfaces. The OpenSpace platform, a software-defined, cloud-agnostic system, supports multi-orbit operations and rapid service instantiation. BlueHalo’s SCAR program, valued at $1.4 billion, aims to enhance satellite control capacity through innovative phased-array antennas and ground systems.
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.
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.