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 (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.