Kratos Defense & Sec Solutions Stock Price, News & Analysis

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the appointment of Robert Winkler as Vice President of Corporate Development & National Security Programs. Winkler, with over 25 years of experience in military and legislative roles, will align Kratos’ development strategies with priorities of the U.S. Department of Defense and Congressional leaders. His role emphasizes the promotion of Kratos' cost-effective technologies, especially in Tactical UAVs and space systems. The company aims to enhance its influence in national defense through affordable solutions.

Kratos Defense & Security Solutions (Nasdaq: KTOS) will showcase its DIFI compliant digital terminal capabilities at the 37th Annual Space Symposium from April 4-7, 2022, in Colorado Springs. This demonstration, in collaboration with Kymeta, features the industry's first implementation of the DIFI standard, aimed at enhancing interoperability in satellite operations. The solution enables multi-mission operations, supporting the U.S. Department of Defense's digital transformation objectives and emphasizes the versatility and resilience of satellite communications.

Kratos Defense & Security Solutions (NASDAQ: KTOS) announced that its OpenSpace™ Platform now supports integrated delivery of E-Line services using Carrier Ethernet-over-Satellite. This enhancement allows satellite operators to deliver scalable and reliable services to underserved areas. The platform utilizes an open, software-defined networking architecture enabling end-to-end automation. It facilitates rapid service activation and unifies network management, benefiting telecommunications and enterprise networks. This positions Kratos to capture emerging opportunities in the evolving space telecommunications landscape.

Kratos Defense & Security Solutions has announced a refinancing initiative affecting approximately $300 million in outstanding 6.5% Senior Secured Notes and its $90 million Revolving Credit Facility. The company plans to implement a new 5-year $200 million Revolving Credit Facility and a $200 million Term Loan A, expecting to save about $10 to $13 million in annual interest payments. While the refinancing will incur one-time charges of $13 to $15 million in the first fiscal quarter, Kratos anticipates recouping these costs within a year.

Kratos Defense & Security Solutions (Nasdaq: KTOS) reported fiscal 2021 revenues of $811.5 million, an increase of 8.5% from 2020, and fourth quarter revenues of $211.6 million, up 2.5%. The Unmanned Systems segment saw revenues rise 24% to $231.9 million for the year. Despite revenue growth, the company reported a net loss of $2.0 million for the year, compared to $79.6 million net income in 2020, influenced by a lack of non-cash tax benefits. The company expects FY22 revenues between $880-$920 million.

Kratos Defense & Security Solutions (NASDAQ: KTOS) will release its fourth quarter and fiscal year 2021 financial results on February 22, 2022, after market close. A conference call to discuss the results will start at 2:00 p.m. Pacific Time. Analysts can join by dialing 866-393-0674, while the public can access the call at 877-344-3935. The call will also be available for live streaming on the company’s investor relations website. A replay will be accessible two hours post-call.

Kratos Defense & Security Solutions (Nasdaq:KTOS) announced an offer to redeem $300 million in 6.5% Senior Secured Notes due November 2025, with a Redemption Date set for March 14, 2022. The redemption is contingent on the completion of a refinancing for its revolving credit facility, which is projected to save the company approximately $10 to $13 million in annual cash interest payments. This refinancing aims to bolster Kratos' cash reserves for future growth, particularly in the Unmanned Systems sector.

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a $20 million contract from an international client for unmanned aerial target drone systems. The contract covers aerial target drones, spares, ground control systems, and training services. Steve Fendley, President of Kratos' Unmanned Systems Division, emphasized the affordability and performance of their systems as pivotal for expanding their international presence. Work will be conducted at Kratos facilities and other locations. Specific details about the contract remain undisclosed due to competitive reasons.

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a significant increase of approximately $50 million in the contract value for its existing C5ISR Program. This program focuses on Command, Control, Communications, Computing, Combat Systems, and Intelligence, Surveillance and Reconnaissance, providing essential hardware and engineering services. Kratos specializes in crucial national security technologies, including Unmanned Aerial Drone systems and Missile & Radar Systems. The work is performed at secure facilities, highlighting Kratos' commitment to national security.