Welcome to our dedicated page for Kratos Defense & Sec Solutions news (Ticker: KTOS), a resource for investors and traders seeking the latest updates and insights on Kratos Defense & Sec Solutions stock.
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) generates frequent news related to defense, national security and commercial technologies. The company’s announcements highlight developments in unmanned systems, hypersonics, propulsion, space and satellite ground systems, microwave electronics, and C5ISR hardware. This news page aggregates those updates so readers can follow how Kratos’ activities and contracts evolve over time.
Recent news has covered the opening of new facilities for hypersonic system manufacturing and payload integration in Princess Anne, Maryland, expansion of operations in Birmingham, Alabama to support products such as HORUS, CRADLE and UltraSpec, and a new propulsion manufacturing facility in Auburn Hills, Michigan for Spartan military-grade turbojet engines. Kratos has also reported on a new microwave electronics facility in Jerusalem, a PT6A and PT6T engine overhaul facility in Vancouver, British Columbia, and additional investments in the U.S. defense industrial base.
Other announcements include a collaboration with Northrop Grumman that uses Kratos’ Valkyrie uncrewed aerial system in a U.S. Marine Corps collaborative combat aircraft program, contracts for air defense and C5ISR system hardware production, and a letter of intent to L3Harris Technologies for Zeus hypersonic solid rocket motors. Kratos also issues news on its EPOCH command and control software for satellites, capital raising transactions and its reinvestment-focused capital allocation philosophy.
Investors, analysts and industry observers can use this KTOS news feed to review company press releases, contract awards, facility openings, technology milestones and strategic agreements as they are reported, providing context on Kratos’ role in defense, national security and related commercial markets.
Kratos Defense & Security Solutions (NASDAQ: KTOS) will release its fourth quarter and fiscal year 2021 financial results on February 22, 2022, after market close. A conference call to discuss the results will start at 2:00 p.m. Pacific Time. Analysts can join by dialing 866-393-0674, while the public can access the call at 877-344-3935. The call will also be available for live streaming on the company’s investor relations website. A replay will be accessible two hours post-call.
Kratos Defense & Security Solutions (Nasdaq:KTOS) announced an offer to redeem $300 million in 6.5% Senior Secured Notes due November 2025, with a Redemption Date set for March 14, 2022. The redemption is contingent on the completion of a refinancing for its revolving credit facility, which is projected to save the company approximately $10 to $13 million in annual cash interest payments. This refinancing aims to bolster Kratos' cash reserves for future growth, particularly in the Unmanned Systems sector.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a $20 million contract from an international client for unmanned aerial target drone systems. The contract covers aerial target drones, spares, ground control systems, and training services. Steve Fendley, President of Kratos' Unmanned Systems Division, emphasized the affordability and performance of their systems as pivotal for expanding their international presence. Work will be conducted at Kratos facilities and other locations. Specific details about the contract remain undisclosed due to competitive reasons.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a significant increase of approximately $50 million in the contract value for its existing C5ISR Program. This program focuses on Command, Control, Communications, Computing, Combat Systems, and Intelligence, Surveillance and Reconnaissance, providing essential hardware and engineering services. Kratos specializes in crucial national security technologies, including Unmanned Aerial Drone systems and Missile & Radar Systems. The work is performed at secure facilities, highlighting Kratos' commitment to national security.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a significant milestone achieved by Kongsberg Satellite Services (KSAT), which successfully completed over 50,000 satellite passes in one month using Kratos’ OpenSpace virtualized ground systems. This achievement highlights the growing trend towards dynamic and digital ground systems in the satellite industry. Kratos' OpenSpace product lines, which include OpenSpace quantum and SpectralNet, facilitate the transition from traditional hardware to scalable, flexible software solutions.
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Kymeta and Kratos Defense & Security Solutions have formed a strategic partnership to develop advanced products for modern ground systems. The collaboration aims to enhance the use of electronically-steered antennas with a focus on software-defined remote terminals that can connect to various satellite orbits (LEO, MEO, GEO). This aligns with industry trends towards dynamic satellite systems and supports interoperability standards set by the Digital IF Interoperability Consortium. Both companies aim to innovate and harness emerging technologies in the satellite communication sector.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has enhanced its Earth Observation & Remote Sensing Service Chain (EO/RS SC) for the OpenSpace Platform. The update focuses on boosting automation and optimizing costs for satellite operators and Ground Station-as-a-Service providers. It offers more than a gigabit-per-second of downlink throughput using standard hardware, which allows for quick deployment and reconfiguration in various environments. This development aims to enhance performance while lowering operational expenses, supporting both current and next-generation satellites.
Kratos Defense & Security Solutions (NASDAQ: KTOS) has partnered with Hypersonix Launch Systems to develop the DART AE, a multi-mission hypersonic drone. This collaboration aims to demonstrate the drone's capabilities in 2023, utilizing a fifth-generation SPARTAN hydrogen scramjet engine with a range of 500km. The project leverages Kratos' expertise in hypersonic launch systems, showcasing innovative technology designed for speed and sustainability, with potential applications in satellite launches and high-speed aviation.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced that its President & CEO, Eric DeMarco, and Executive VP & CFO, Deanna Lund, will present at the Needham Virtual Growth Conference on January 12 at 4:15 PM Eastern. A live webcast of this presentation will be accessible via the Company's website, with an archive available for 90 days post-event.
Kratos focuses on transformative technologies for national security, specializing in areas such as unmanned systems, satellite communications, and cybersecurity.