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 report its third-quarter 2021 financial results on November 3, 2021, post-market close. A conference call to discuss the results will take place at 2:00 p.m. Pacific, accessible to analysts and the public via specific dial-in numbers. The call will also be streamed live on the company's investor relations website.
Kratos specializes in affordable technology for national security, focusing on unmanned systems, cyber warfare, and missile defense, among other areas.
Kratos Defense (Nasdaq: KTOS) has exceeded a gigabit throughput with its OpenSpace™ virtualized wideband receivers, achieving over 1.2 Gbps performance on standard x86 computers. This innovation significantly reduces downlink costs while enhancing performance for Earth Observation and Remote Sensing missions. The software receivers, OpenSpace ORX and quantumRX, eliminate the need for expensive hardware, leading to faster deployments and optimized resource use. This achievement confirms the capability of software solutions to handle the increasing data demands of satellite operations.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a $50 million IDIQ contract from a U.S. Government Agency for its Kratos Unmanned Aerial Systems division. This contract focuses on high-performance jet drone systems, reflecting Kratos's leadership in the sector. Work will be carried out at secure facilities as directed by the customer. The contract is anticipated to be fully funded over multiple years, emphasizing the ongoing partnership with the government agency. Further specifics remain undisclosed due to security and competitive considerations.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a contract award of approximately $3.2 million for developing a Next Generation small engine for a National Security Program. The Kratos Turbine Technologies (KTT) Business is already under contract to develop turbojet, turbofan, and other engines for unmanned aerial drones and cruise missiles. The work will take place at a secure Kratos facility. KTT's mission focus is on affordable, high-performance engines to meet the expanding requirements of customers.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced $13.2 million in new program awards for its Command, Control, Communication, Computing, Combat System, Intelligence, Surveillance and Reconnaissance (C5ISR) business. This funding supports critical U.S. National Security initiatives, including Nuclear Deterrence and Missile Defense. The work will be conducted at secure Kratos facilities. Tom Mills, President of the C5ISR Division, emphasized the company's commitment to delivering high-quality systems on schedule and budget.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has delivered the initial products for the U.S. Army's Tactical Intelligence Targeting Access Node (TITAN) space-ground system. Developed by Northrop Grumman, TITAN aims to provide real-time data to military commanders. Kratos' OpenSpace quantum and SpectralNet products will support the system's downlink processing needs, enhancing scalability and rapid deployment. The company will also manufacture components for a modified tactical shelter housing TITAN's critical systems.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced a substantial $338 million contract for the production of BQM-167A Aerial Targets, covering lots 17-21, repairs, and logistics support. This five-year contract aims to streamline support processes for the Air Force, with $30.5 million initially obligated. Kratos emphasizes this contract as a testament to its partnership with the USAF and its commitment to national security, anticipating more strategic contract awards in the latter half of the year.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has secured a $2.8 million contract from the Space Systems Command to develop a prototype that will deliver space-related Situational Awareness (SA) data to the Unified Data Library (UDL). This initiative aims to improve access to SA data for DoD satellite operators. The infrastructure will enhance the government's Common Operating Environment by providing near-real-time SATCOM spectral data and integrating various RF monitoring sources.
On Sept. 9, 2021, Kratos Defense & Security Solutions (Nasdaq: KTOS) reported the successful launch of two Short Range Ballistic Missile (SRBM) targets in support of the Missile Defense Agency and the U.S. Navy during Flight Test Aegis Weapon System 33 (FTM-33). This complex mission, executed on July 24, involved the launch of four SM-6 Dual II missiles against advanced guided ballistic missile targets. Kratos provided the guided missile targets, meeting all test objectives. The president of Kratos’ Defense & Rocket Support Services Division expressed pride in the team's accomplishments.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced that its OpenSpace Platform now supports deployments on the Red Hat OpenStack cloud. This integration aims to enhance the security and scalability of satellite missions. OpenSpace will enable satellite operators to respond more dynamically to changes in network resources, user demand, and potential threats. The platform operates on cloud environments including Microsoft Azure and offers various solutions to improve ground system adaptability and resiliency.