Kratos Defense & Sec Solutions Stock Price, News & Analysis

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.

Kratos Defense & Security Solutions (Nasdaq:KTOS) has secured a contract from Elekta to provide Federal Risk and Authorization Management (FedRAMP) advisory services. This partnership will assist Elekta in developing a security authorization package for its ProKnow Software-as-a-Service offering. FedRAMP ensures that cloud services meet stringent security requirements for federal agencies. Kratos will guide Elekta through the FedRAMP process, enhancing the security of customer data in its ProKnow Cloud Service. This collaboration highlights Kratos' expertise in cybersecurity and federal compliance.

Kratos Defense & Security Solutions (Nasdaq: KTOS) has secured a $12.7 million task order for its Advanced Turbine Technologies for Affordable Mission (ATTAM) contract. Managed by the Air Force Research Laboratory, the project involves the development of a turbojet engine intended for low-cost cruise missiles and UAVs. The engine testing at Kratos’ facility in Florida demonstrated effective performance metrics, including thrust and fuel efficiency. This award aims to complete engine development for subsequent flight tests, reinforcing Kratos' commitment to providing affordable turbine technologies to enhance national security.

Kratos Defense & Security Solutions (NASDAQ: KTOS) has announced that its President & CEO, Eric DeMarco, along with Executive VP & CFO, Deanna Lund, will present at the 23rd Annual Needham Virtual Conference on January 13th at 11:30 AM Eastern. A live webcast of the presentation will be available on the Company's website, and it will be archived for 90 days post-event. Kratos specializes in innovative technologies and systems for national security, including unmanned systems, cyber warfare, and missile defense.

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a new development contract for its Microwave Electronic Products Division (KMED), focusing on a next-generation satellite program. The work will be conducted at secure facilities in Israel. Yonah Adelman, President of KMED, expressed excitement about the contract's potential significance for the business, while CEO Eric DeMarco highlighted the growing number of program opportunities. This development positions Kratos for sustained long-term growth as they pursue additional programs.