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 (KTOS) delivers mission-critical technology for national security, specializing in unmanned systems, C5ISR, and cybersecurity solutions. This page provides direct access to all official company announcements, financial disclosures, and strategic developments.
Investors and industry professionals will find timely updates on KTOS contracts, product innovations, and operational milestones. Our curated news collection ensures accurate tracking of the company's role in advancing defense technologies and securing government partnerships.
Key updates include earnings reports, major contract awards, technology deployments, and leadership announcements. Each release is verified for authenticity, providing reliable insights into Kratos' contributions to electronic warfare, space systems, and autonomous platforms.
Bookmark this page for streamlined access to KTOS developments that impact defense sector dynamics. Regularly updated to reflect the company's latest advancements in protecting critical infrastructure and enabling modern warfare capabilities.
Kratos Defense & Security Solutions (Nasdaq: KTOS) reported second quarter 2021 revenues of $205.1 million, a 20.4% increase year-over-year. The Unmanned Systems segment saw revenues grow by 43.6% to $60.3 million, while the Government Solutions segment generated $144.8 million, up 12.8%. Operating income was $3.3 million, with net income of $1.1 million and adjusted EBITDA of $17.6 million. The company expects a strong second half of 2021, driven by various initiatives despite recent challenges, including lost training contracts and operational impacts from COVID-19.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced that President & CEO Eric DeMarco and Executive VP & CFO Deanna Lund will present at the Jefferies Virtual Industrials Conference on August 4 at 3 PM Eastern. A live webcast will be available on the company’s website, with an archive accessible for 90 days post-event.
Kratos develops transformative technologies for U.S. National Security, specializing in unmanned systems, satellite communications, and hypersonic systems.
Kratos Defense & Security Solutions (NASDAQ: KTOS) will release its Q2 2021 financial results on August 3, 2021, post-market close. A conference call discussing the results will commence at 2:00 PM Pacific Time (5:00 PM Eastern Time). Analysts can join by dialing 866-393-0674 with ID 4751019, while the public can listen by calling 877-344-3935. The call will also be available live on the company's investor relations website, with a replay offered approximately two hours later.
Kratos Defense & Security Solutions (NASDAQ: KTOS) has partnered with North American Wave Engine Corporation to develop the Versatile Air-Launched Platform (VALP), a new air-launched vehicle focused on innovative, cost-effective technologies for aerial systems. This collaboration aims to address the U.S. Air Force's demand for high-impact technologies. VALP's propulsion will leverage Wave Engine's technology, potentially reducing project lead times. This initiative underscores Kratos's commitment to enhancing national security through advanced unmanned systems.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a contract with the Navy Surface Warfare Center to develop a hypersonic experimental test vehicle at its Glen Burnie facility. This project aims to enhance high-speed flight technology for missile defense, creating new jobs in Maryland. The vehicle supports urgent Department of Defense requirements by enabling rapid flight tests for emerging technologies. CEO Eric DeMarco emphasized its potential to bridge the gap between technology development and commercialization, marking a significant advancement in hypersonic systems.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the successful completion of a core engine test campaign by its Kratos Turbine Technologies (KTT) Division under the Advanced Turbine Technologies for Affordable Mission (ATTAM) contract. The testing supports the development of affordable, high-performance jet engines for cruise missiles and UAVs. KTT demonstrated key performance and operability targets, emphasizing a strong collaboration with the Air Force Research Laboratory. The initiative aligns with Kratos's focus on advancing turbine engine technology while supporting U.S. defense objectives.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has received an $8.6 million task order from the Air Force Research Laboratory for its Advanced Turbine Technologies for Affordable Mission program. This contract mandates the design, construction, assembly, and testing of a cost-effective turboshaft engine for Group 3 UAVs, which will also support hybrid electric aircraft. Successful completion follows prior concept studies, aiming to enhance the engine's power-to-weight ratio and durability. KTT, based in Florida, will oversee the project.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has been designated as one of the first two CMMC Third Party Assessment Organizations (C3PAO) by the federal government. This allows Kratos to conduct CMMC Level 1-3 assessments once the necessary government preparations are completed. The CMMC is a new security certification standard developed by the Department of Defense to protect Federal Contract Information and Controlled Unclassified Information. Kratos has extensive experience in compliance, risk management, and cyber operations.
On June 10, 2021, Kratos Defense & Security Solutions (Nasdaq: KTOS) announced its participation in the successful Exercise At-Sea Demonstration/Formidable Shield 2021, supporting NATO and the U.S. Navy's Sixth Fleet. This exercise featured the deployment of Kratos missile targets and aerial drones, involving around 3,300 personnel and 16 ships from 10 countries. Kratos launched two advanced ballistic missile targets, surpassing its previous launch record in the UK. The exercise aims to enhance missile defense interoperability among NATO forces, with data collected for future improvements.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has successfully completed the Critical Design Review for an advanced space radio monitoring system for Qatar's Communications Regulatory Authority. This turnkey project includes design, installation, and integration to safeguard the satellite spectrum. The system features fixed and mobile units to monitor satellite downlinks, enhancing regulatory capabilities. Kratos aims to provide reliable satellite services while mitigating interference risks. The project reflects Kratos' extensive experience in spectrum monitoring for government agencies.
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