Kratos Defense & Sec Solutions Stock Price, News & Analysis

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.

Kratos Defense & Security Solutions (NASDAQ: KTOS) will release its financial results for the fourth quarter and fiscal year 2020 after market close on February 25, 2021. Management will host a conference call at 2:00 p.m. Pacific Time to discuss the results and operations. Analysts can join by calling 866-393-0674, while the general public can access the call at 877-344-3935. A live webcast will be available on the investor relations website, with a replay accessible two hours after the call concludes.

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) announced the deployment of its Autonomous Truck Mounted Attenuator (ATMA) in eight locations across the U.S. and the UK. Following its success in enhancing worker safety, a ninth deployment is already contracted for this summer, with plans for additional opportunities in 26 more states. The ATMA utilizes military-grade autonomous vehicle technology to reduce risks associated with highway maintenance, providing a safer alternative for workers and demonstrating Kratos's expansion in commercial applications.

Kratos Defense & Security Solutions (Nasdaq: KTOS) has secured a second Cybersecurity Maturity Model Certification (CMMC) Advisory Services contract from Juniper Networks. This contract involves updating Kratos' existing System Security Plan (SSP) to comply with CMMC Level 3 and associated standards. The SSP will include a mapping of security controls and a Plan of Action & Milestones (POA&M) to address gaps identified in a prior assessment. Kratos is now accredited as a C3PAO, enabling it to conduct assessments for organizations seeking CMMC certification.

Kratos Defense & Security Solutions (NASDAQ: KTOS) has secured an additional order for 20 high-performance jet drones and support equipment from a longstanding international client. This order enhances Kratos's production capabilities, which the company had already ramped up in anticipation of future demand. President Steve Fendley highlighted that the increased production rates are exceeding initial expectations, indicating substantial backlog and confidence from customers. However, no further details about the contract award were disclosed due to competitive considerations.