Kratos Defense & Sec Solutions Stock Price, News & Analysis

Kratos Defense & Security Solutions (Nasdaq: KTOS) secured over $30 million in follow-on awards to enhance space-related U.S. national security initiatives. The funding aims to bolster system performance through advanced technologies. Senior VP Frank Backes emphasized Kratos' commitment to technological modernization, while President Phil Carrai highlighted the company's role in integrating commercial space advancements. Despite the positive outlook, the press release lacks detailed financial metrics and future projections, leaving investors with limited insights.

Kratos Defense & Security Solutions (NASDAQ:KTOS) announced the successful completion of the XQ-58A Valkyrie's sixth flight test, marking its first release from the internal weapons bay on March 26, 2021. This milestone demonstrates the Valkyrie's capability as a low-cost, multi-mission unmanned air vehicle developed in collaboration with the Air Force Research Laboratory. The recent tests included the release of the ALTIUS-600 small unmanned aircraft system, enhancing the Valkyrie's operational capabilities. Kratos received a $37.7 million contract in December 2020 for further integration and testing of the system.

Kratos Defense & Security Solutions (NASDAQ: KTOS) has announced its Autonomous Truck-Mounted Attenuator (ATMA) has been recognized as an 'Infrastructure Gamechanger' by the American Society of Civil Engineers (ASCE) in their 2021 Report Card for American Infrastructure. Developed in collaboration with Royal Truck & Equipment, this driverless technology aims to enhance safety in highway maintenance operations by shielding workers from errant drivers, potentially reducing fatal accidents. Since its 2017 launch, Kratos' ATMA has driven over 2,000 miles and is deployed in multiple states and the UK.

On March 3, 2021, Kratos Defense & Security Solutions (NASDAQ: KTOS) successfully launched its first sounding rocket under the SRP-4 program for the U.S. Space Force from Virginia. This mission, designed to support atmospheric research, was executed in partnership with Space Vector Corporation and New Mexico State University. The Terrier-Terrier-Oriole rocket performed a nominal flight, demonstrating the company's capabilities in advanced vehicle systems and avionics, essential for national security and scientific research.

Kratos Defense & Security Solutions (NASDAQ: KTOS) will present at the JPMorgan Virtual Industrials Conference on March 16, 2021, at 4:30 PM Eastern. CEO Eric DeMarco and CFO Deanna Lund are set to lead the presentation, highlighting the company's innovative technologies for national security.

A live webcast of the event will be accessible on Kratos' website and archived for 90 days post-event. Kratos specializes in unmanned systems, satellite communications, cyber warfare, and more, focusing on providing affordable and transformative technologies for national security.

Kratos Defense & Security Solutions (NASDAQ: KTOS) announced a subcontract worth $8.9 million for upgrading six CH-47F simulators at the U.S. Army's 128th Aviation Brigade in Ft. Eustis, Virginia. The project, under USfalcon's OASIS Pool 6 contract, aims to enhance multiple avionics systems and survivability equipment, ensuring the simulators meet the latest CH-47F specifications. This upgrade is crucial for Army readiness, as it integrates advanced training features into the systems, supporting U.S. and allied forces' operational effectiveness.

Kratos Defense & Security Solutions (Nasdaq:KTOS) reported strong financial results for Q4 and fiscal year 2020, with revenues of $206.4 million for the fourth quarter, an increase of 11.5% compared to 2019. Total fiscal revenues reached $747.7 million, up 4.2%. Notably, the Unmanned Systems segment generated revenues of $49.5 million, up 29.2%. However, operating income decreased 3.2% to $9.0 million due to increased expenses. The company ended the year with a cash position of $380.8 million and a backlog of $922.2 million.

Kratos Defense & Security Solutions (Nasdaq: KTOS) has secured a $55 million contract from a National Security Customer, focusing on C5ISR products. This contract, awarded on February 19, 2021, has a five-year performance period and strengthens Kratos’ position in unmanned systems, satellite communications, and missile defense. The President of Kratos' C5ISR Division emphasized the company's commitment to supporting mission-critical requirements, while the CEO highlighted investments aimed at capturing large program opportunities and fostering organic growth.