Kratos Defense & Sec Solutions Stock Price, News & Analysis

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the appointment of Deanna Hom Lund to its Board of Directors. Lund has served as Executive Vice President and CFO since April 2009, bringing extensive experience from Titan Corporation and Arthur Andersen. The Board, now expanded to nine members, commended Lund's strategic leadership in finance. Her addition is expected to bolster Kratos' efforts in offering affordable technology for national security. The company anticipates filling another board vacancy within 18 months.

Kratos Defense & Security Solutions (NASDAQ: KTOS) announced successful flight tests of its UTAP-22 Mako unmanned aircraft, marking a historic milestone as the closest a manned fighter has flown to an unmanned aircraft under autonomous control in DOD history. Conducted from April 29 to May 5, 2021, these tests utilized the Skyborg autonomy core system (ACS) to enhance military capabilities. The tests demonstrated the integration of unmanned and manned aircraft, significantly advancing operational effectiveness.

Kratos Defense & Security Solutions (NASDAQ: KTOS) will present at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021, at 2:15 PM Eastern. The presentation will be made by the company's President & CEO, Eric DeMarco, and Executive VP & CFO, Deanna Lund. A live webcast of this event can be accessed via the company's website, with an archived version available for 90 days post-event. Kratos specializes in innovative technologies for national security, including unmanned systems and cybersecurity.

On May 6, 2021, Kratos Defense & Security Solutions (Nasdaq: KTOS) announced it secured multiple awards exceeding $46 million to enhance Space Domain Awareness (SDA) efforts. As space becomes increasingly congested, the need for advanced technologies to identify and respond to threats is critical. Kratos is leveraging its OpenSpace software, which allows rapid reconfiguration of satellite ground systems, to meet these challenges. This initiative underscores the company's commitment to providing comprehensive solutions for government and commercial satellite protection.

Kratos Defense & Security Solutions (Nasdaq:KTOS) reported Q1 2021 revenues of $194.2 million, a 15.0% increase from Q1 2020. The Unmanned Systems segment saw revenues rise by 33.1% to $55.9 million. Cash flow from operations reached $22.7 million. Operating income was $4.9 million, net income was $1.9 million, and adjusted EBITDA totaled $18.1 million. The company reaffirmed its full-year revenue guidance of $810 - $850 million. Despite a book-to-bill ratio of 0.8 to 1 for the quarter, total backlog rose to $892.9 million.

Kratos Defense & Security Solutions (NASDAQ: KTOS) announced the successful completion of flight tests of its Skyborg autonomy core system (ACS) using the UTAP-22 Mako unmanned vehicles at Tyndall AFB, Florida. This achievement marks Milestone 1 of the Autonomous Attritable Aircraft Experimentation campaign, showcasing the ACS's foundational behaviors and basic aviation capabilities. The Skyborg Vanguard team aims to develop full-mission autonomy for the U.S. Air Force, integrating unmanned systems for future operational advantages.

Kratos Defense & Security Solutions (NASDAQ: KTOS) will be presenting at the Goldman Sachs Virtual Conference on May 11, 2021, at 11:20 AM Eastern Time. The presentation will feature Eric DeMarco, President & CEO, and Deanna Lund, Executive VP & CFO. A live webcast will be available on their website, which will also archive the event for 90 days. Kratos focuses on developing transformative technology and systems for national security, specializing in areas like unmanned systems and cyber warfare.

Kratos Defense & Security Solutions (NASDAQ: KTOS) will release its Q1 2021 financial results on May 5, 2021, after market close. The management team will hold a conference call at 2:00 p.m. Pacific Time to discuss operations and financial outcomes. Analysts and institutional investors can participate by calling 866-393-0674, while the general public can dial 877-344-3935 for listen-only access. The call will also be streamed live on the company’s investor relations website. A replay will be available post-call.