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) announced a successful inaugural flight of its Air Wolf Tactical Drone System at the Burns Flat, Oklahoma Range Facility. The flight demonstrated multiple new payloads, featuring a proprietary AI/autonomy system designed for high-performance jet drones. This range serves as a strategic asset for accelerating drone testing and development. Kratos' President highlighted the importance of government partnerships in advancing technology. The company is positioned competitively with a range of affordable jet drones, aiming to meet government operational needs.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced significant Q2 2021 achievements, delivering products to 23 customers globally in the satellite industry. Their OpenSpace™ family, including OpenSpace quantum® and SpectralNet®, is pivotal in transitioning to virtual ground systems, supporting tens of thousands of satellite passes monthly. Seven new customers engaged with Kratos’ offerings, underscoring demand in both commercial and defense sectors. Products allow for rapid deployment and cost efficiency compared to traditional hardware, enhancing scalability in critical operations.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced its commitment to the Skyborg Vanguard Program, aiming for readiness in 2023. The U.S. Air Force's update highlights Skyborg as an autonomy-focused initiative designed for low-cost, unmanned aircraft operations against adversaries. Kratos President, Steve Fendley, noted the rapid development of the XQ-58A Valkyrie jet, aligning with USAF objectives. The company intends to fulfill Skyborg's requirements for affordable, autonomous platforms capable of generating combat power with minimal logistics.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced that its President & CEO, Eric DeMarco, along with Executive VP & CFO, Deanna Lund, will present at the Canaccord Genuity Virtual Growth Conference on August 11 at 2:30 PM Eastern. A live webcast will be available on the company's website, and the presentation will be archived for 90 days post-event. Kratos specializes in advanced technologies and systems for national security, focusing on affordability and innovation in fields such as unmanned systems and missile defense.
Kratos Defense & Security Solutions (Nasdaq: KTOS) reported second quarter 2021 revenues of $205.1 million, a 20.4% increase year-over-year. The Unmanned Systems segment saw revenues grow by 43.6% to $60.3 million, while the Government Solutions segment generated $144.8 million, up 12.8%. Operating income was $3.3 million, with net income of $1.1 million and adjusted EBITDA of $17.6 million. The company expects a strong second half of 2021, driven by various initiatives despite recent challenges, including lost training contracts and operational impacts from COVID-19.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced that President & CEO Eric DeMarco and Executive VP & CFO Deanna Lund will present at the Jefferies Virtual Industrials Conference on August 4 at 3 PM Eastern. A live webcast will be available on the company’s website, with an archive accessible for 90 days post-event.
Kratos develops transformative technologies for U.S. National Security, specializing in unmanned systems, satellite communications, and hypersonic systems.
Kratos Defense & Security Solutions (NASDAQ: KTOS) will release its Q2 2021 financial results on August 3, 2021, post-market close. A conference call discussing the results will commence at 2:00 PM Pacific Time (5:00 PM Eastern Time). Analysts can join by dialing 866-393-0674 with ID 4751019, while the public can listen by calling 877-344-3935. The call will also be available live on the company's investor relations website, with a replay offered approximately two hours later.
Kratos Defense & Security Solutions (NASDAQ: KTOS) has partnered with North American Wave Engine Corporation to develop the Versatile Air-Launched Platform (VALP), a new air-launched vehicle focused on innovative, cost-effective technologies for aerial systems. This collaboration aims to address the U.S. Air Force's demand for high-impact technologies. VALP's propulsion will leverage Wave Engine's technology, potentially reducing project lead times. This initiative underscores Kratos's commitment to enhancing national security through advanced unmanned systems.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a contract with the Navy Surface Warfare Center to develop a hypersonic experimental test vehicle at its Glen Burnie facility. This project aims to enhance high-speed flight technology for missile defense, creating new jobs in Maryland. The vehicle supports urgent Department of Defense requirements by enabling rapid flight tests for emerging technologies. CEO Eric DeMarco emphasized its potential to bridge the gap between technology development and commercialization, marking a significant advancement in hypersonic systems.
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the successful completion of a core engine test campaign by its Kratos Turbine Technologies (KTT) Division under the Advanced Turbine Technologies for Affordable Mission (ATTAM) contract. The testing supports the development of affordable, high-performance jet engines for cruise missiles and UAVs. KTT demonstrated key performance and operability targets, emphasizing a strong collaboration with the Air Force Research Laboratory. The initiative aligns with Kratos's focus on advancing turbine engine technology while supporting U.S. defense objectives.