Kratos Defense & Sec Solutions Stock Price, News & Analysis

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.

Kratos Defense & Security Solutions (NASDAQ: KTOS) announced that its C5ISR division secured $10.5 million in orders from U.S. government clients focused on national security. The awarded contracts involve the development of systems and products supporting unmanned aerial vehicles and other defense initiatives. Work will take place at secure Kratos facilities, emphasizing the company's commitment to advancing strategic weapon systems. President Tom Mills highlighted the division's dedication to meeting customer needs and modernization efforts in national security.

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a $22 million delivery order for satellite and communication systems, with $11.8 million funded. This modification enhances capabilities in mission planning, telemetry, and cybersecurity. The award reflects Kratos' role in supporting U.S. military operations amidst rising challenges in space. Phil Carrai highlighted the company’s unique technical solutions tailored for defense applications. Despite the positive news, no further details about the contract were disclosed due to customer-related considerations.

Kratos Defense & Security Solutions (NASDAQ: KTOS) has been awarded an additional $3,570,194 from the U.S. Navy for its Contractor Logistics Support (CLS) and Engineering Services contract for the BQM-177A aerial target system. This funding supports operations and sustainment, enhancing the system's adaptability for Navy missions. The total contract value will reach $7,405,367 when fully funded. The work will be conducted mainly in Kratos facilities in California, marking a significant step in their operations and support strategy.

Kratos Defense & Security Solutions (Nasdaq: KTOS) has achieved C3PAO accreditation by the CMMC Accreditation Body, positioning itself to provide assessments for compliance with the new Cybersecurity Maturity Model Certification (CMMC) required by the U.S. Department of Defense.

The certification process, which has five maturity levels, will be integrated into DoD requests for proposals starting early 2021. As a C3PAO, Kratos can now offer certification assessments and advisory services, enhancing its role in the Defense Industrial Base.

Kratos Defense & Security Solutions (NASDAQ: KTOS) has received a $17.8 million contract from the U.S. Air Force Research Laboratory to advance Low Cost Attritable Aircraft Technology. This award supports the development of unmanned aerial systems, specifically the XQ-58A Valkyrie. Company officials emphasized the importance of this funding in enhancing the capabilities of their drones, which include the Valkyrie and others like Mako and Air Wolf. Kratos aims to lead in affordable, reusable drone technology for national security applications.

Kratos Defense & Security Solutions (NASDAQ: KTOS) successfully completed a significant flight test of the XQ-58A Valkyrie unmanned aerial system (UAS), demonstrating its ability to fly in formation with F-22 and F-35 fighter jets. Conducted at Yuma Proving Ground, this test involved an integrated Advanced Battle Management System team and is a key milestone in developing low-cost force multipliers for military operations. The Valkyrie, designed for diverse missions, emphasizes affordability and rapid capability integration, marking a notable achievement in unmanned systems technology.