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 achieved a significant milestone as its OpenEdge 2500 digitizer becomes one of the first two products to receive official DIFI (Digital IF Interoperability Consortium) compliance certification. The OpenEdge 2500, part of Kratos' OpenSpace® family, is designed to convert radio frequency signals into IP data streams for satellite networks.
The DIFI standard, developed under IEEE oversight, aims to transform the industry from hardware-based systems to digital software-defined networks. This certification enables network operators to select standards-based digitization products with assured interoperability. The OpenEdge 2500 can be integrated into any antenna, terminal, or Universal Customer Premise Equipment (uCPE).
As a founding member of the DIFI Consortium, Kratos is advancing the integration of satellite services with wireless and terrestrial networks. The company is currently the only provider offering a commercially available, software-defined and orchestrated satellite ground system platform.
Kratos Defense & Security Solutions (NASDAQ: KTOS) has secured an additional $59.3 million contract for 70 BQM-177A Subsonic Aerial Target (SSAT) aircraft through Full Rate Production (FRP) Lot 6. This latest award brings the total contract value for FRP Lots 4 through 6 to $177.7 million.
The contract has potential for further growth, with the remaining Lot 7 option potentially increasing the total value to $227.6 million if exercised at maximum production quantity. The work will primarily be executed at Kratos facilities in Sacramento, CA, and Fort Walton Beach, FL.
Kratos Defense & Security Solutions (NASDAQ: KTOS) and RAFAEL Advanced Defense Systems have announced a 50/50 partnership to establish Prometheus Energetics, a U.S.-based supplier of solid rocket motors (SRMs) and energetics. The joint venture will be located on a 500-acre site near Crane, Indiana, with both companies committing up to $175 million in capital.
Production is projected to begin in 2027 after construction and RAFAEL's technology transfer completion. The facility will manufacture SRMs and casted warheads to support U.S. national security demands and Middle East partnerships. Kratos will account for Prometheus using the Equity Method, recording approximately 50% of Prometheus Net Income and receiving 50% of its Free Cash Flow.
Kratos Defense & Security Solutions (KTOS) reported strong financial results for Q4 and full year 2024. Full year revenues reached $1.136 billion, showing 9.6% growth from 2023's $1.037 billion. The company achieved net income of $16.3 million with EPS of $0.11 per share.
Q4 2024 highlights include revenues of $283.1 million, operating income of $3.0 million, and a robust book-to-bill ratio of 1.5 to 1. The company generated significant cash flow with $45.6 million from operations and $32.0 million in free cash flow.
Notable segment performance includes Unmanned Systems revenue growth of 27.5% to $270.5 million and Government Solutions segment growth of 5.0% to $865.8 million. The company's total backlog reached $1.445 billion with a substantial bid pipeline of $12.4 billion.
Looking ahead, Kratos forecasts 10% organic revenue growth for 2025 and projects 13-15% growth for 2026, driven by recent program awards.
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced the successful launch of its second Erinyes™ Hypersonic Test Bed in January 2025, conducted from NASA Wallops Flight Facility in Virginia. The mission, designated as HTB-2, was executed in collaboration with the Missile Defense Agency (MDA) and Naval Sea Systems Command (NAVSEA).
The flight expanded the vehicle's performance envelope and demonstrated its capability as a low-cost, rapidly configurable platform for hypersonic experimentation. The test successfully demonstrated new onboard technologies and collected valuable data for design validation and evaluation of current and future technologies.
The Erinyes™ system enables incremental high-speed testing of advanced technologies for next-generation weapon systems and interceptors without adding unnecessary risk to existing programs.
Kratos Defense & Security Solutions (NASDAQ: KTOS) has scheduled its fourth quarter and fiscal year 2024 earnings conference call for Wednesday, February 26th, 2025. The company will release its financial results after market close, followed by a management discussion at 2:00 p.m. Pacific (5:00 p.m. Eastern).
Interested participants can register for the call through an online form, after which they will receive dial-in details and a unique PIN. A replay of the call will be made available on the company's website for those unable to attend the live broadcast.
Kratos Defense & Security Solutions (NASDAQ: KTOS) has successfully demonstrated its self-driving truck platooning system in Quebec's forestry sector. The multi-week demonstration featured two class-8 tractor-trailers: a human-driven Leader truck paired with a self-driving Follower truck, both retrofitted with Kratos automated driving systems.
The technology performed successfully in challenging conditions including complex off-pavement roadways, degraded GPS access, steep grades, severe dust, sub-freezing temperatures, and variable lighting conditions. The system demonstrated its capability to haul both unloaded and loaded timber trailers up to 80,000 lbs.
The deployment model uniquely combines a human driver in the Leader truck with a driverless Follower, using advanced sensors, navigation, and Vehicle-to-Vehicle communication. The human driver optimizes the follower's performance by adjusting vehicle speeds, gaps, and maneuvers in real-time. The initiative aims to address driver shortages, improve safety, boost rural economic vitality, and contribute to autonomous vehicle regulations.
Kratos Defense & Security Solutions (NASDAQ: KTOS) has secured a $34.8 million contract modification from the U.S. Marine Corps for the XQ-58A Unmanned Aerial Systems mission systems integration. The contract supports the Marine Air-Ground Task Force Unmanned Aerial System Expeditionary (MUX) TACAIR program.
Kratos and Northrop Grumman have been collaborating with the Marine Corps since 2022 to define operational requirements for the MQ-58 Valkyrie variant. The team recently demonstrated advanced capabilities during the PAACK-P program, which is transitioning to MUX TACAIR in 2025.
The XQ-58A Valkyrie is a high-performance unmanned aerial vehicle featuring long-range flight capability, high-subsonic speeds, and flexible mission configurations. Work will be performed across multiple locations including Sacramento, Oklahoma City, China Lake, and Patuxent River.
Kratos Defense & Security Solutions (NASDAQ: KTOS) recently hosted House Armed Services Ranking Member Adam Smith (D-WA-9) at their Glen Burnie, Maryland facility. The visit showcased Kratos' advancements in hypersonic systems, including briefings on the low-cost Erinyes Hypersonic Flyer, Dark Fury, Zeus Solid Rocket Motors, and other technologies.
The company highlighted their recent award of the Multi-Service Advanced Capability Hypersonic Test Bed (MACH-TB) 2.0 contract, where Kratos was selected as the prime contractor for Task Area 1 Systems Engineering, Integration, and Testing. This project aims to increase hypersonic flight test frequency through integrated subscale, full-scale, and air launch systems.
The visit emphasized Kratos' commitment to delivering affordable, innovative defense solutions and their strategy of investing in research and development for hypersonic, tactical jet drone, and jet engine systems.
Kratos Defense & Security Solutions (NASDAQ: KTOS) has secured a new hypersonic system program award with a total potential value of approximately $100 million. The company has received initial funding of $15 million at contract award, with significant additional funding expected in the second half of fiscal year 2025.
Under the contract, Kratos will provide engineering, systems, and hardware, with work to be performed at secure Kratos fabrication, manufacturing, and system integration facilities. The company's expertise in delivering military-quality hardware and systems at scale was cited as a key factor in winning this award.
Kratos is recognized as an industry leader in rapid development of affordable hypersonic systems, including Erinyes and Zeus, tactical unmanned jet drone aircraft like Thanatos and Valkyrie, jet engines for aerial drones and missiles, and related C5ISR hardware.