Kratos Defense & Security Solutions, Inc. develops and fields technology, products, systems and software for defense, national security and global markets. News about KTOS commonly covers contract awards and program activity across Kratos Government Solutions and Unmanned Systems, including space ground systems, missile warning and tracking support, defense rocket systems, turbine technologies, microwave products and tactical unmanned aircraft.
Company updates also address financial results, bookings and guidance; production and test milestones for systems such as Firejet and Oriole; hypersonic materials-test infrastructure under Project Helios; completed acquisitions; and board or governance changes.
Kratos (Nasdaq: KTOS) announced an approximate $7 million production contract award dated March 3, 2026, for a Counter-UAS system to detect, track and classify threats including low-profile unmanned aerial systems and cruise missiles.
Work will be performed in a secure Kratos manufacturing facility; no further contract details will be disclosed for security reasons.
Kratos (Nasdaq: KTOS) announced deployment of its OpenSpace platform to power SSC Space Go, a new SSC Space service for LEO small satellites. OpenSpace provides virtualization, orchestration, automated configuration, and high‑throughput downlink to accelerate EO/RS data delivery and scalable mission support.
The integration enables interoperability across payloads, automatic reconfiguration per satellite pass, rapid scaling with demand, and real‑time high‑volume downlinks, positioning SSC Space Go to expand services and pursue new revenue opportunities globally.
Kratos (NASDAQ: KTOS) priced an underwritten public offering of 14,285,714 shares at $84.00 per share, with net proceeds expected to be approximately $1,172,999,977.
The offering includes a 30-day option for an additional 2,142,857 shares and is expected to close on March 2, 2026. Proceeds will fund capital expenditures, product and software development, balance sheet strengthening, recent and pending acquisitions (Nomad, Orbit), and general corporate purposes.
Kratos (NASDAQ: KTOS) intends to offer $1,000,000,000 of common stock in an underwritten offering with a 30-day underwriter option to buy up to an additional $150,000,000.
All shares are to be sold by Kratos; proceeds are planned for targeted acquisitions, investments and capital expenditures to scale national security programs, and general corporate purposes, including offering fees and expenses. The offering is subject to market and other conditions.
Kratos (Nasdaq: KTOS) completed the Critical Design Review (CDR) for the Space Development Agency’s Advanced Fire Control Ground Infrastructure (AFCGI) system on Feb. 26, 2026.
The CDR closed with zero liens, follows a Preliminary Design Review completed five months from contract award, and moves the $116.7 million AFCGI program into implementation on an accelerated schedule.
Kratos (NASDAQ: KTOS) received a $61,068,139 modification to a firm-fixed-price Navy contract for full-rate production Lot Seven of 70 BQM-177A subsonic aerial targets, plus 70 RATO kits and technical data. Total contract value at maximum quantity is $238,798,157. Work is expected to complete in August 2028, with ~50% of work in Sacramento, CA. Kratos said it is investing in capital production improvements to boost capacity or efficiency.
Kratos (Nasdaq: KTOS) reported Q4 2025 revenue of $345.1M (20.0% organic growth) and GAAP net income of $5.9M (EPS $0.03). Full‑year 2025 revenue was $1.347B (16.6% organic growth) with adjusted EBITDA of $119.9M. Consolidated backlog reached $1.573B and Q4 book‑to‑bill was 1.3.
Management provided 2026 base case revenue guidance of $1.595B–$1.675B and adjusted EBITDA guidance of $157M–$167M, and highlighted production ramps for Valkyrie and hypersonics investments.
Kratos (NASDAQ: KTOS) and GE Aerospace won a $12.4M U.S. Air Force contract announced Feb 23, 2026 to complete preliminary design of the GEK1500 — a 1,500-lb thrust engine for small CCAs, UAS, and missiles.
The program leverages GEK800 maturation to target higher thrust, more electrical power, lower lifecycle cost, and accelerated delivery; an optional follow-on will assess flight and installation performance.
Prometheus Energetics (KTOS) broke ground Feb. 20, 2026 on a new 600-acre solid rocket motor (SRM) manufacturing campus in Bloomfield, Indiana, as anchor of ACMI's National Security Industrial Hub. Kratos and RAFAEL committed up to $175 million capital. The campus targets four production lines, up to 800 tons of energetics capacity, and plans SRM production to begin in 2027 following construction and certification.
The facility aims to strengthen domestic SRM supply, scale production rapidly, and create high-skilled manufacturing jobs while supporting U.S. and allied defense needs.
Kratos (Nasdaq: KTOS) announced it was awarded a contract on Feb 18, 2026 by the Department of War’s Joint Hypersonics Transition Office to support test and evaluation of thermal protection systems for hypersonic vehicles.
Kratos will develop standardized hypersonic test setpoints, establish test methodologies, and run material test campaigns to accelerate materials development and validate procedures for the hypersonic testing community.