Kratos Defense & Sec Solutions Stock Price, News & Analysis

Kratos Defense & Security Solutions (Nasdaq: KTOS) launched two new Virtual Network Functions (VNFs) for its OpenSpace platform, revolutionizing satellite ground systems through Software-Defined Networking (SDN). The new VNFs, OpenSpace WAN Transport Protector and OpenSpace Stream Processor/Recorder, enhance data transfer reliability and support real-time telemetry recording. Additionally, Microsoft Azure is utilizing these VNFs in its Ground Station-as-a-Service, showcasing their industry relevance. This innovation represents a significant step toward more dynamic, scalable space operations.

Kratos Defense & Security Solutions (NASDAQ: KTOS) introduced OpenSpace™, a revolutionary software platform enabling satellite operators and Ground-as-a-Service providers to establish dynamic ground systems. This technology, which employs Software-Defined Networking (SDN), allows for the virtualization of hardware components, enhancing adaptability and responsiveness in satellite operations.

OpenSpace also integrates various functionalities, such as the OpenSpace Controller for orchestration, and the OpenSpace OpsCenter for unified management, positioning Kratos as a leader in modernizing ground networks.

Kratos Defense & Security Solutions (NASDAQ: KTOS) participated in North Dakota's Innovation Day, showcasing its Autonomous Truck-Mounted Attenuator (ATMA), a driverless mobile crash barrier aimed at enhancing road work zone safety. Funded by a Federal grant, North Dakota's pilot program marks its sixth state adoption of this life-saving technology. With over 12 crash-related fatalities weekly in U.S. road work zones, Kratos' ATMA could potentially save 700 lives annually. Steve Fendley emphasized the commitment to advancing affordable unmanned technologies for public safety.

Kratos Defense & Security Solutions (NASDAQ: KTOS) has secured a $29.2 million Full Rate Production (FRP) contract from the U.S. Navy for the BQM-177A Subsonic Aerial Target (SSAT) program. This contract involves the procurement of 35 target aircraft and technical data, with a total potential value of $130.1 million if follow-on options are exercised. The contract work will be primarily done in California and Florida. Kratos aims to enhance the operational capability of the SSAT in the next fiscal year, reinforcing its position as a key player in national defense technology.

Kratos Defense & Security Solutions (Nasdaq: KTOS) has secured a $950 million indefinite-delivery/indefinite-quantity contract focused on advancing Joint All Domain Command and Control (JADC2) capabilities. The contract aims to develop systems across air, land, sea, space, cyber, and electromagnetic domains. CEO Eric DeMarco emphasized the importance of modular, interoperable solutions for supporting the Air Force and Space Force in strategic operations. Kratos continues to innovate in defense technology, addressing critical needs in national security.

Kratos Defense & Security Solutions (Nasdaq: KTOS) has partnered with Microsoft to launch Microsoft Azure Orbital, a Ground Station-as-a-Service (GSaaS) for the satellite industry. This service enables satellite operators to communicate and control their satellites, processing data directly in Azure without building expensive ground stations. Azure Orbital, powered by Microsoft's infrastructure, aims to enhance the efficiency of satellite data processing, reducing operational costs and time. Kratos' OpenSpace products are integrated into this platform, available in the Azure Marketplace, providing comprehensive ground operation functionalities.

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the launch of CMMC pre-certification advisory services to help commercial organizations and Department of Defense contractors achieve CMMC compliance. These services include strategic consulting, gap assessments, and documentation support, tailored specifically for the Defense Industrial Base. As one of the largest FedRAMP assessment organizations, Kratos offers unique insights into CMMC requirements. The CMMC certification process will be phased into DoD RFPs by early 2021, enhancing security for federal contract information.

Kratos Defense & Security Solutions (Nasdaq: KTOS) has announced the launch of data services for characterizing spacecraft in Geosynchronous Orbit (GEO). This service aims to enhance Space Domain Awareness (SDA) for both government and commercial entities globally. Utilizing a technique called Passive RF Ranging, Kratos provides highly accurate proximity operation data, real-time maneuver detection, and precise location data, overcoming limitations of traditional ground-based tracking methods. The service is supported by Kratos' extensive global RF monitoring network and advanced analytics.

Kratos Defense & Security Solutions (NASDAQ: KTOS) has been awarded a contract for the U.S. Air Force’s Ground Based Strategic Deterrent (GBSD) program, led by Northrop Grumman. The 8.5-year contract includes engineering services and production of missile transporters. This follows a successful technology maturation phase. The project aims for initial operational capability by 2029 and will be executed at Kratos’ York, Pennsylvania facility. Kratos' C5ISR division specializes in systems for national security and has demonstrated effectiveness in design review milestones.