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 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.
Kratos Defense & Security Solutions (KTOS) has secured a significant $48 million Geolocation Global Support Services (GGSS) contract. The company will provide electromagnetic interference (EMI) resolution services to Space Forces Space electromagnetic interference managers and supporting elements in Colorado Springs, Colorado, with work scheduled for completion by October 31, 2029.
The company operates a global RF sensor network that delivers intelligence across SDA missions through various services, including bandwidth monitoring, geolocation, signal characterization, interference mitigation, and tracking and maneuver detection. Kratos manages a 24/7 network operations center covering L, S, C, X, and Ku bands, utilizing more than 21 worldwide sites with over 190 fixed and steerable sensors and antennas. This internally funded, world-wide Space Domain Awareness network serves both U.S. government and major commercial satellite operators.
Rocket Lab (RKLB) has been selected as part of a Kratos-led team for a five-year OTA contract under the Multi-Service Advanced Capability Hypersonic Test Bed (MACH-TB) 2.0 program. The total potential contract value is $1.45 billion over five years.
The program, established by the Office of the Under Secretary of Defense, aims to create an affordable flight test bed for hypersonic testing. Rocket Lab will provide systems engineering, assembly, integration, test services, mission planning, and launch services using their HASTE (Hypersonic Accelerator Suborbital Test Electron) rocket.
HASTE, a modified version of the Electron rocket, features carbon fiber composite structures and 3D printed engines, with an increased payload capacity of up to 700 kg. The launches will be conducted from Rocket Lab's Launch Complex 2 in Wallops, Virginia.
Kratos Defense & Security Solutions (NASDAQ: KTOS) has secured its largest-ever contract award, a five-year OTA contract valued at $1.45 billion for the Multi-Service Advanced Capability Hypersonic Test Bed (MACH-TB) 2.0 under Task Area 1. The contract, awarded by the Office of the Under Secretary of Defense for Research and Engineering Test Resource Management Center, aims to support the National Hypersonic Initiative 2.0 by creating an affordable flight test bed to increase hypersonic flight test capacity.
As the prime contractor for Task Area 1 Systems Engineering, Integration, and Testing, Kratos will lead a team including Leidos, Rocket Lab, and other partners to provide systems engineering, assembly, integration, test services, mission planning, and launch services. The MACH-TB 2.0 program will serve as a bridge between hypersonic ground tests and system-level flight tests, reducing development risks and accelerating the transition of hypersonic technologies to military applications.
Kratos Defense & Security Solutions (KTOS) has secured a $6.5 million contract from DARPA for hypersonic research flight testing. The two-year contract, which began in August 2023, focuses on developing and validating critical hypersonic components for future weapon systems.
Kratos will utilize its flight-proven hypersonic test beds and sounding rocket-based launch vehicles to conduct flight experiments and validate modeling tools. The company has made significant investments in hypersonic systems, including the Erinyes hypersonic flyer, Zeus solid rocket motor series, and Dark Fury.
Kratos Defense & Security Solutions announced successful flight tests of the USMC’s XQ-58A Valkyrie unmanned aerial system as part of the Emerald Flag 2024 exercise. Conducted in collaboration with Northrop Grumman, Autodyne, USMC, USN, and USAF, the tests demonstrated cooperative kill chain closure and collaborative electronic warfare (EW) operations between crewed and uncrewed platforms for the first time in a large-force exercise.
The USMC used expeditionary methods to control the XQ-58A, showcasing its ability to autonomously exchange tactical information. This enhances the Marine Air-Ground Task Force's integrated and joint operations capabilities. The event included participation from various defense and research entities and was observed by high-ranking military officials.
The XQ-58A operated alongside USMC F-35B and USAF F-15E/EX aircraft, identifying threats and sharing targeting data over tactical networks. The Valkyrie’s performance supports the USMC’s mission to deter conflicts and defeat enemies, marking a milestone in unmanned aerial system development.
Kratos Defense & Security Solutions (NASDAQ: KTOS) has announced its participation as a Gold Sponsor of the Reagan National Defense Forum (RNDF) at the Ronald Reagan Presidential Library in Simi Valley, California. The event brings together national security leaders, policymakers, industry executives, and military officials to discuss defense challenges and opportunities. Kratos' leadership will participate in discussions on defense system modernization, affordability, and integration of technologies like unmanned systems, hypersonics, and space systems.
Kratos Defense & Security Solutions (NASDAQ: KTOS) has secured a $116.7 million contract over five years from the U.S. Space Development Agency to create and operate an Advanced Fire Control Ground Infrastructure (AFCGI). The project supports the Advanced Fire Control program, focusing on missile defense capabilities, particularly tracking hypersonic missiles through the FOO Fighter program.
As the prime contractor, Kratos will lead a team including ASRC Federal Systems Solutions, Peraton, Sphinx Defense, and Stellar Solutions to deliver ground segment resources, manage operations centers, and provide cloud services. The system will utilize Kratos's OpenSpace Ground Platform to ensure interoperability across multiple AFC constellations.
Kratos Defense & Security Solutions (KTOS) announced the successful first flight of its Zeus 1 and Zeus 2 Solid Rocket Motors (SRMs) on October 24, 2024, at NASA Wallops Flight Facility. The test achieved 100% of performance objectives, qualifying the motors for Department of Defense, Foreign Allies, NASA, and commercial launch programs. L3Harris Technologies will begin delivering production motors in Q1 2025. The 32.5-inch diameter SRMs offer improved performance over legacy rockets and are designed for rapid integration with existing payloads and infrastructure, enabling more frequent, faster, and cost-effective launches.
Kratos Defense & Security Solutions (KTOS) reported Q3 2024 financial results with revenues of $275.9 million, up 0.5% from Q3 2023. The company posted net income of $3.2 million and EPS of $0.02, improving from a net loss of $1.6 million in Q3 2023. Unmanned Systems segment revenues grew to $64.2 million, showing 8.7% organic growth. The company maintained a consolidated book-to-bill ratio of 1.0 to 1.0, with total bookings of $267.2 million. Kratos affirmed its full-year 2024 guidance and reported a bid pipeline of $12.0 billion.