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) 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.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced a successful second flight of the X-61A Gremlins Air Vehicle in July, achieving key technical milestones and reducing risk. The flight, conducted at Dugway Proving Ground, successfully demonstrated the Gremlins Demonstration System, including formation flight with a C-130 aircraft and parachute recovery. The program aims to enhance aerial capabilities for multiple low-cost reusable UASs. Executives emphasized the strategic partnership with Dynetics and the potential future of airborne aircraft carriers.
Kratios Defense & Security Solutions (KTOS) reported Q2 2020 revenues of $170.4 million, down from $187.9 million in Q2 2019, reflecting a $17 million decline in the KGS segment. Adjusted EBITDA decreased to $15.3 million from $19.2 million year-over-year. The company reported a net loss of $0.7 million and a GAAP EPS loss of $0.01. The future outlook is positive, with Q3 revenue guidance set at $195-$205 million and an increase in full-year revenue guidance to $740-$780 million, driven by the recent ASC Signal acquisition.
Kratos Defense & Security Solutions (NASDAQ: KTOS) has unveiled a cutting-edge RF Channel Simulator, designed for high-performance testing in dynamic communication systems. This simulator addresses the complexities of modern satellite and UAV communications, offering up to 600 MHz of instantaneous bandwidth. It enables RF engineers to emulate challenging conditions like fading and Doppler shifts, ensuring reliable communication systems before field deployment. This new technology builds on Kratos' established narrowband models and is already in successful use by partners like Gilat Satellite Networks.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced that its President & CEO, Eric DeMarco, along with Executive VP & CFO, Deanna Lund, will present at the Jefferies Virtual Industrials Conference on August 5th at 3:00 PM Eastern. A live webcast of the presentation will be accessible via Kratos' website and will be archived for 90 days post-event. Kratos specializes in advanced technology for national security, focusing on unmanned systems, satellite communications, and missile defense.
Kratos Defense & Security Solutions (NASDAQ:KTOS) announced a five-year IDIQ contract worth up to $400 million for the U.S. Air Force's Skyborg program. This contract focuses on the development and delivery of air vehicle prototypes. Work will occur at Kratos facilities in Oklahoma and California. Steve Fendley, President of Kratos Unmanned Systems Division, emphasized the program's role in maintaining U.S. technological superiority. The company aims to deliver affordable unmanned technologies, aligning its mission with the Skyborg initiative.