Kratos Defense & Sec Solutions Stock Price, News & Analysis

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a $46 million Other Transaction for Prototype Agreement (pOTA) with the U.S. Army's Rapid Capabilities and Critical Technologies Office. This three-year project aims to establish a Directed Energy Testbed focusing on High Energy Laser (HEL) and High Power Microwave (HPM) systems to counter Unmanned Aerial Systems (UAS). The project will enhance DE test methodologies and deploy reduced Size, Weight, and Power (SWaP) HEL and HPM systems at Kratos facilities and government locations in Huntsville, AL.

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) will acquire CPI ASC Signal Division, Inc. for $35 million in cash. This acquisition enhances Kratos' antenna systems capabilities for satellite communications and defense applications. With 60 years of innovation, ASC's high-performance antennas will increase Kratos' market offerings, including transportable and fixed earth station antennas. The deal, expected to close within 60 days pending approvals, aims to meet growing demand for satellite ground infrastructure essential for U.S. defense missions and commercial uses.

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the promotion of Marie Mendoza to Senior Vice President and General Counsel. Ms. Mendoza has been with Kratos since 2011 and previously served as Vice President and General Counsel. Her promotion reflects the company's commitment to recognizing internal talent. CEO Eric DeMarco praised her contributions and leadership qualities. Kratos develops advanced technology for national security, specializing in unmanned systems and cybersecurity.

Kratos Defense & Security Solutions (Nasdaq: KTOS) has announced a shift to a fully virtual format for its 2020 Annual Meeting of Stockholders, scheduled for June 4, 2020, at 11:00 a.m. CDT, due to COVID-19 concerns. Stockholders must attend through a live webcast and are encouraged to vote beforehand. Additionally, there was a delay in mailing proxy materials, but the company ensured timely access for stockholders. Kratos specializes in national security technologies and solutions.

Kratos Defense & Security Solutions (NASDAQ: KTOS) has deployed its Mobile Laboratory Product as part of the National Guard's COVID-19 response. This initiative, developed by the Kratos C5ISR Division, supports the Department of Defense’s Analytical Laboratory System program. The mobile labs are designed for detecting CBRNE materials and have been adapted for clinical specimen testing during the pandemic. Since the initial contract in 2015, Kratos has received additional orders for a total of 67 units, enhancing the nation’s pandemic response capabilities.

Kratos Defense & Security Solutions (NASDAQ:KTOS) announced a significant $14 million award for its Command, Control, Communication, Computing, Combat, Intelligence, Surveillance and Reconnaissance (C5ISR) systems. This award reinforces Kratos' position as a leading provider in support of unmanned aerial drones, missile defense, and related national security initiatives. The systems will be manufactured in secure facilities, although specific contract details remain undisclosed due to competitive factors. The C5ISR Division aims to enhance strategic weapon systems in response to escalating threats.

Kratos Defense & Security Solutions (NASDAQ: KTOS) announced that its President & CEO, Eric DeMarco, and Executive VP & CFO, Deanna Lund, will present at the virtual Goldman Sachs Industrials and Materials Conference on May 14. A live webcast of the presentation will be accessible on the company’s website at www.kratosdefense.com, with an archive available for 90 days post-event. Kratos is a leading provider of innovative technology for U.S. National Security and specializes in unmanned systems, satellite communications, and more.

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a training contract worth $16,107,305, potentially rising to $25,629,236, to support the Royal Saudi Naval Forces (RSNF). This includes an extension of a previous contract valued at $2,632,498. Kratos will provide military training services, logistics, and English Language Training for RSNF personnel. The contract reflects Kratos' international expansion in military training services, supporting RSNF's modernization efforts as per the Ministry of Defense.

Kratos Defense & Security Solutions (KTOS) reported first quarter 2020 revenues of $168.9 million, a 5.3% increase year-over-year. Bookings reached $213.1 million, yielding a book-to-bill ratio of 1.3 to 1.0. The Unmanned Systems segment saw revenues of $42.0 million, up 20.3% from the prior year. However, adjusted EBITDA decreased by 6.9% to $16.3 million. The company anticipates second quarter revenues between $160 million and $170 million, while adjusting full-year revenue guidance down to $720 million to $760 million due to COVID-19 impacts.