Kratos Defense & Sec Solutions Stock Price, News & Analysis

Strong Demand for Kratos' OpenSpace Products

Kratos Defense & Security Solutions (Nasdaq: KTOS) reported strong sales of its OpenSpace™ quantum™ and OpenSpace SpectralNet® products, closing deals with 23 customers. This growth supports the transition of satellite operators to dynamic, virtualized ground systems. The Q3 sales performance was notably robust among clients in U.S. defense and intelligence sectors. The OpenSpace solutions enable flexible and scalable network systems, aligning with evolving mission goals and operational conditions.

Kratos Defense & Security Solutions (NASDAQ: KTOS) announced a partnership with RPS Defense to provide operational and maintenance services for Kratos Tactical UAS. This collaboration aims to support the transition of unmanned systems from prototype to military operations. RPS Defense, known for its expertise in tactical UAS, enhances Kratos' capabilities in delivering affordable and high-performance drone systems. The strategic alliance is expected to optimize systems for effective support of military operations, benefiting both companies' commitments to innovation and customer value.

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) announced that its President & CEO Eric DeMarco and Executive VP & CFO Deanna Lund will present at the Baird 2021 Virtual Global Industrial Conference on November 9, 2021. The company specializes in developing affordable technology and systems for national security, including unmanned systems, satellite communications, cyber security, missile defense, and hypersonic systems. Kratos aims to transform the delivery of breakthrough technologies to national security customers and commercial enterprises.

Kratos Defense & Security Solutions (Nasdaq:KTOS) reported third quarter 2021 revenues of $200.6 million, down from $202.0 million in Q3 2020. The Net Loss was $2.4 million, a reversal from a $2.4 million profit in Q3 2020, influenced by a $5.7 million tax provision. Adjusted EBITDA was $23.8 million, slightly lower than $24.6 million in the previous year. The Book-to-Bill Ratio for Q3 was 0.9. Despite challenges from supply chain issues and COVID-related delays, Kratos maintains a strong bid pipeline of $9.1 billion and sees long-term growth potential.

Kratos Defense & Security Solutions (NASDAQ:KTOS) announced a $17.7M contract to design an Off Board Sensing Station (OBSS) UAS for the Air Force Research Laboratory. The contract spans 12 months with potential extensions valued at $49M. This initiative reinforces Kratos' commitment to affordable technological solutions for national security. The OBSS UAS will enhance aerial capabilities via modular design and innovative manufacturing techniques, positioning Kratos as a leader in unmanned systems development.

Kratos Defense & Security Solutions (NASDAQ: KTOS) will report its third-quarter 2021 financial results on November 3, 2021, post-market close. A conference call to discuss the results will take place at 2:00 p.m. Pacific, accessible to analysts and the public via specific dial-in numbers. The call will also be streamed live on the company's investor relations website.

Kratos specializes in affordable technology for national security, focusing on unmanned systems, cyber warfare, and missile defense, among other areas.

Kratos Defense (Nasdaq: KTOS) has exceeded a gigabit throughput with its OpenSpace™ virtualized wideband receivers, achieving over 1.2 Gbps performance on standard x86 computers. This innovation significantly reduces downlink costs while enhancing performance for Earth Observation and Remote Sensing missions. The software receivers, OpenSpace ORX and quantumRX, eliminate the need for expensive hardware, leading to faster deployments and optimized resource use. This achievement confirms the capability of software solutions to handle the increasing data demands of satellite operations.

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a $50 million IDIQ contract from a U.S. Government Agency for its Kratos Unmanned Aerial Systems division. This contract focuses on high-performance jet drone systems, reflecting Kratos's leadership in the sector. Work will be carried out at secure facilities as directed by the customer. The contract is anticipated to be fully funded over multiple years, emphasizing the ongoing partnership with the government agency. Further specifics remain undisclosed due to security and competitive considerations.

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a contract award of approximately $3.2 million for developing a Next Generation small engine for a National Security Program. The Kratos Turbine Technologies (KTT) Business is already under contract to develop turbojet, turbofan, and other engines for unmanned aerial drones and cruise missiles. The work will take place at a secure Kratos facility. KTT's mission focus is on affordable, high-performance engines to meet the expanding requirements of customers.