Kratos Defense & Sec Solutions Stock Price, News & Analysis

Kratos Defense & Security Solutions (Nasdaq: KTOS) has delivered the initial products for the U.S. Army's Tactical Intelligence Targeting Access Node (TITAN) space-ground system. Developed by Northrop Grumman, TITAN aims to provide real-time data to military commanders. Kratos' OpenSpace quantum and SpectralNet products will support the system's downlink processing needs, enhancing scalability and rapid deployment. The company will also manufacture components for a modified tactical shelter housing TITAN's critical systems.

Kratos Defense & Security Solutions (NASDAQ: KTOS) announced a substantial $338 million contract for the production of BQM-167A Aerial Targets, covering lots 17-21, repairs, and logistics support. This five-year contract aims to streamline support processes for the Air Force, with $30.5 million initially obligated. Kratos emphasizes this contract as a testament to its partnership with the USAF and its commitment to national security, anticipating more strategic contract awards in the latter half of the year.

Kratos Defense & Security Solutions (Nasdaq: KTOS) has secured a $2.8 million contract from the Space Systems Command to develop a prototype that will deliver space-related Situational Awareness (SA) data to the Unified Data Library (UDL). This initiative aims to improve access to SA data for DoD satellite operators. The infrastructure will enhance the government's Common Operating Environment by providing near-real-time SATCOM spectral data and integrating various RF monitoring sources.

On Sept. 9, 2021, Kratos Defense & Security Solutions (Nasdaq: KTOS) reported the successful launch of two Short Range Ballistic Missile (SRBM) targets in support of the Missile Defense Agency and the U.S. Navy during Flight Test Aegis Weapon System 33 (FTM-33). This complex mission, executed on July 24, involved the launch of four SM-6 Dual II missiles against advanced guided ballistic missile targets. Kratos provided the guided missile targets, meeting all test objectives. The president of Kratos’ Defense & Rocket Support Services Division expressed pride in the team's accomplishments.

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced that its OpenSpace Platform now supports deployments on the Red Hat OpenStack cloud. This integration aims to enhance the security and scalability of satellite missions. OpenSpace will enable satellite operators to respond more dynamically to changes in network resources, user demand, and potential threats. The platform operates on cloud environments including Microsoft Azure and offers various solutions to improve ground system adaptability and resiliency.

Kratos Defense & Security Solutions (NASDAQ: KTOS) announced a successful inaugural flight of its Air Wolf Tactical Drone System at the Burns Flat, Oklahoma Range Facility. The flight demonstrated multiple new payloads, featuring a proprietary AI/autonomy system designed for high-performance jet drones. This range serves as a strategic asset for accelerating drone testing and development. Kratos' President highlighted the importance of government partnerships in advancing technology. The company is positioned competitively with a range of affordable jet drones, aiming to meet government operational needs.

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced significant Q2 2021 achievements, delivering products to 23 customers globally in the satellite industry. Their OpenSpace™ family, including OpenSpace quantum® and SpectralNet®, is pivotal in transitioning to virtual ground systems, supporting tens of thousands of satellite passes monthly. Seven new customers engaged with Kratos’ offerings, underscoring demand in both commercial and defense sectors. Products allow for rapid deployment and cost efficiency compared to traditional hardware, enhancing scalability in critical operations.

Kratos Defense & Security Solutions (NASDAQ: KTOS) announced its commitment to the Skyborg Vanguard Program, aiming for readiness in 2023. The U.S. Air Force's update highlights Skyborg as an autonomy-focused initiative designed for low-cost, unmanned aircraft operations against adversaries. Kratos President, Steve Fendley, noted the rapid development of the XQ-58A Valkyrie jet, aligning with USAF objectives. The company intends to fulfill Skyborg's requirements for affordable, autonomous platforms capable of generating combat power with minimal logistics.

Kratos Defense & Security Solutions (NASDAQ: KTOS) announced that its President & CEO, Eric DeMarco, along with Executive VP & CFO, Deanna Lund, will present at the Canaccord Genuity Virtual Growth Conference on August 11 at 2:30 PM Eastern. A live webcast will be available on the company's website, and the presentation will be archived for 90 days post-event. Kratos specializes in advanced technologies and systems for national security, focusing on affordability and innovation in fields such as unmanned systems and missile defense.