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 (KTOS) delivers mission-critical technology for national security, specializing in unmanned systems, C5ISR, and cybersecurity solutions. This page provides direct access to all official company announcements, financial disclosures, and strategic developments.
Investors and industry professionals will find timely updates on KTOS contracts, product innovations, and operational milestones. Our curated news collection ensures accurate tracking of the company's role in advancing defense technologies and securing government partnerships.
Key updates include earnings reports, major contract awards, technology deployments, and leadership announcements. Each release is verified for authenticity, providing reliable insights into Kratos' contributions to electronic warfare, space systems, and autonomous platforms.
Bookmark this page for streamlined access to KTOS developments that impact defense sector dynamics. Regularly updated to reflect the company's latest advancements in protecting critical infrastructure and enabling modern warfare capabilities.
Kratos Defense & Security Solutions announced the successful first flight of its Erinyes™ Hypersonic Test Bed on June 12, 2024. The test, conducted at NASA's Wallops Flight Facility in Virginia, was part of a collaboration with the Missile Defense Agency and the Naval Surface Warfare Center. This inaugural flight validated a new platform for hypersonic experimentation, enabling data collection for multiple experiments. Kratos' CEO, Eric DeMarco, highlighted the company's focus on rapid, cost-effective development and its potential impact on future growth. The Erinyes platform is intended to accelerate technology readiness without adding risk to existing programs.
Kratos Defense & Security Solutions has appointed Claire Burghoff as Vice President of Government Affairs & Corporate Communications, effective June 24, 2024. Claire will lead corporate communications and support strategic government affairs initiatives. Previously with Cornerstone Government Affairs, she has over 15 years of public relations experience intersecting with public policy. Claire's role will enhance Kratos’ visibility and reputation, leveraging her expertise to communicate the company's value to key stakeholders. CEO Eric DeMarco and Senior VP Ben Goodwin emphasized her significant contributions and strategic insights for advancing Kratos’ mission.
Kratos Defense & Security Solutions (Nasdaq: KTOS) has launched a podcast titled 'Cyber Compliance and Beyond' to assist businesses with cybersecurity compliance. The podcast aims to help companies navigate compliance requirements, including CMMC, FedRAMP, and HIPAA, essential for government contracts and regulated industries. Host Cole French, with over a decade of experience, will provide practical advice through real-world scenarios and expert discussions. Episodes are available on all major streaming platforms and release on the first Tuesday of every month.
Kratos Defense announced the 200th launch of its BQM-177A Sub-Sonic Aerial Target (SSAT) on April 2, 2024, at Naval Air Weapons Station China Lake, California, supporting the U.S. Navy's AIM-9X mission. The BQM-177A emulates high-speed, sea-skimming anti-ship cruise missile threats, capable of speeds over 0.95 Mach and altitudes as low as 6.6 feet. This versatile aerial target supports various mission needs with multiple payload options. Steve Fendley, President of Kratos Unmanned Systems Division, and Greg Crewse, Program Manager for the Navy’s Aerial Targets Program Office, highlighted the important role and future relevance of the BQM-177A in military training and operations.
On May 22, 2024, Kratos Defense & Security Solutions (Nasdaq: KTOS) announced the use of its OpenSpace® SATCOM ground system in BlueHalo's demonstration for the U.S. Space Force’s SCAR program at the 2024 Space Symposium in Colorado Springs, CO. This demo showcased integrated backend mission services, including system scheduler and mission processor interfaces. The OpenSpace platform, a software-defined, cloud-agnostic system, supports multi-orbit operations and rapid service instantiation. BlueHalo’s SCAR program, valued at $1.4 billion, aims to enhance satellite control capacity through innovative phased-array antennas and ground systems.
Kratos Defense & Security Solutions, Inc. reported first quarter 2024 financial results with revenues of $277.2 million, a 19.6% increase over the previous year. The company's Unmanned Systems revenues increased by 23.8%, and the KGS segment saw an 18.5% organic growth. Bookings were $317.8 million, affirming the full year 2024 financial forecast.
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) will release its first quarter 2024 financial results on May 7th. The company will host a conference call to discuss the results, focusing on its operations and financial performance in the Defense, National Security, and Global Markets sectors.
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