Kratos Defense & Sec Solutions Stock Price, News & Analysis

Kratos Defense & Security Solutions (NASDAQ: KTOS) plans to expand its operations in Birmingham, Alabama, creating 76 new jobs and investing approximately $8.6 million over the next five years. This expansion follows the acquisition of Southern Research's engineering division for $80 million, forming the Kratos SRE unit focused on hypersonics and national security. With an average salary of $95,000, the new roles will enhance Kratos’ capabilities in advanced technology related to space and defense.

On July 18, 2022, Kratos Defense & Security Solutions (NASDAQ: KTOS) announced successful flights with two XQ-58A Valkyrie aircraft for the USAF Skyborg Program. This initiative involves collaboration with various U.S. Air Force entities, showcasing the aircraft's tactical applications and operational concepts. The XQ-58A, developed with the Air Force Research Laboratory, aims for multiple mission applications. Kratos aims to innovate in national security through affordable technology solutions and specialized unmanned systems.

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a contract to construct a cutting-edge C-band Geostationary Orbit Satellite Spectrum Monitoring Facility in collaboration with SKY Perfect JSAT Corporation for Japan's Ministry of Internal Affairs and Communications. This facility aims to mitigate 5G interference and enhance spectrum reliability, addressing the global challenge of increasing space traffic. The integrated system will utilize Kratos' advanced hardware and software for comprehensive monitoring and data analysis, ensuring interference-free satellite services.

Kratos Defense & Security Solutions (NASDAQ: KTOS) announced that its OpenSpace™ Platform has been chosen by Intelsat as a crucial component in their next-generation network. This innovative system will integrate ground and space technologies to deliver agile, carrier-grade services efficiently.

OpenSpace significantly reduces deployment times from weeks to minutes, enabling flexible service adjustments. It operates on standard hardware without the need for specialized accelerators, supporting anticipated 5G NTN features while lowering lifecycle costs. This partnership aims to enhance service availability and adaptability for Intelsat's customers.

On May 24, 2022, Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the acquisition of the Engineering Division of Southern Research for approximately $80 million, comprised of $75 million in cash and $5 million in Kratos stock. This strategic acquisition enhances Kratos' capabilities in hypersonics, missile systems, and advanced materials testing. The deal involves a unique 54-acre campus and a team of 140 professionals with national security clearances. The acquisition is expected to drive organic growth in 2023 and beyond, aligning with upcoming defense funding increases.

Kratos Defense (NASDAQ: KTOS) has partnered with Minn-Dak Farmers Cooperative to implement self-driving trucks, addressing the truck driver shortage in agriculture. This collaboration utilizes Kratos Autonomous Systems to enhance the integrity of the agricultural supply chain. The retrofitting of existing trucks with 'Leader/Follower' platooning technology aims to optimize hauling of sugarbeets between farms and processing facilities. This innovation is expected to improve efficiency, reduce labor costs, and address the pressing shortage of licensed truck drivers in rural areas.

Kratos Defense & Security Solutions (Nasdaq:KTOS) reported Q1 2022 revenues of $196.2 million, a 1% increase from Q1 2021. However, operating loss was $1.2 million, with a net loss of $15.9 million, influenced by a $13 million debt extinguishment charge. Adjusted EBITDA stood at $13.8 million. The company cited supply chain disruptions and COVID-related absenteeism as significant challenges, deferring $15.3 million in revenues. Kratos affirmed its full-year guidance, projecting revenues between $880 million and $920 million, amid expectations of improved performance in the second half of 2022.

Kratos Defense & Security Solutions (NASDAQ: KTOS) will have its President & CEO, Eric DeMarco, and Executive VP & CFO, Deanna Lund, participate in a fireside chat at the Goldman Sachs Industrial and Materials Conference on May 12, 2022, at 2:40 PM Eastern. A live webcast will be available on their website and archived for 90 days post-event.

Kratos provides cutting-edge technology for national security clients, focusing on unmanned systems, satellite communications, cyber security, and more.

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) will release its Q1 2022 financial results on May 5, 2022, after market close. A conference call is scheduled for 2:00 p.m. Pacific Time (5:00 p.m. Eastern) to discuss the results. Analysts and institutional investors can join the call by dialing 866-374-5140 with ID 69056240. The call will also be available via live webcast on the company’s investor relations website. Kratos specializes in innovative national security solutions, focusing on affordable technology for defense and commercial sectors.