Kratos Defense & Security Solutions, Inc. (KTOS) recently secured a contract, along with Corvid Technologies, to support the Short/Medium Range Sub-Orbital Vehicle (SSOV) II program. The award has been provided by the Naval Surface Warfare Center, Port Hueneme, White Sands Detachment.Details of KTOS’ DealPer the terms of the deal, Kratos Defense and Corvid Technologies will be jointly engaged in the design, manufacture and delivery of short and medium-range suborbital vehicles. The contract also covers the ...

SAN DIEGO, March 11, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a technology company in the defense, national security, and global markets, today announced the award of the Short/Medium Range Sub-Orbital Vehicle (SSOV) II contract as a partner to Corvid Technologies, LLC. The contract, awarded by the Naval Surface Warfare Center, Port Hueneme, White Sands Detachment, will encompass the design, manufacture, and delivery of short- and medium-range suborbital vehicles, in ...

Kratos OpenEdge 2500 digitizer reaches important milestone in advancing satellite network equipment interoperabilitySAN DIEGO, March 10, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, announced today that its OpenEdge 2500 integration-ready digitizer, part of its OpenSpace® family of dynamic ground system products, has achieved official DIFI compliance, one of the first two products in the industry to ...

BLOOMFIELD, Ind., March 07, 2025 (GLOBE NEWSWIRE) -- The American Center for Manufacturing & Innovation (ACMI) and Prometheus Energetics (Prometheus), a U.S.-based merchant supplier of solid rocket motors (SRMs) established through a new corporation between Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) and RAFAEL Advanced Defense Systems Ltd., today announced an agreement to build a new energetics, SRM and munitions production facility in Bloomfield, Indiana. Prometheus' 550-acre headquarters and ...

SAN DIEGO, March 06, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets, and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that Kratos has received $59,338,010 for an additional 70 BQM-177A Subsonic Aerial Target (SSAT) aircraft through the exercise of the contract option for Full Rate Production (FRP) Lot 6. When combined with the base award and exe ...

Kratos Defense & Security Solutions, Inc. (KTOS) recently delivered mixed fourth-quarter 2024 results. While the bottom line surpassed the Zacks Consensus Estimate, the top line missed the same. However, both metrics improved on a year-over-year basis. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The year-over-year improvement can be attributed to solid revenue growth from its Turbine Technologies, C5ISR, Defense Rocket Support and Microwave Products businesses, along with increa ...

Kratos Defense & Security Solutions, Inc. (KTOS) reported fourth-quarter 2024 adjusted earnings of 13 cents per share, up 8.3% from 12 cents in the prior-year quarter. The bottom line also surpassed the Zacks Consensus Estimate of nine cents per share by 44.4%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Kratos Defense reported GAAP earnings of three cents per share compared with two cents in the fourth quarter of 2023.The company reported 2024 adjusted earnings of 49 cents per sha ...

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Q4 2024 Earnings Conference Call February 26, 2025 5:00 PM ET Company Participants Marie Mendoza - SVP & General Counsel Eric DeMarco - President & CEO Deanna Lund - EVP & CFO Conference Call Participants Josh Sullivan - Benchmark Company Seth Seifman - JPMorgan Mike Crawford - B. Riley Securities Jan Engelbrecht - Baird Ken Herbert - RBC Capital Markets Michael Ciarmoli - Truist Securities Noah Poponak - Goldman Sachs Trevor Walsh - Citizens JMP Joshu ...

Group 1 - Kratos Defense & Security Solutions, Inc. held its Fourth Quarter 2024 Earnings Conference Call on February 26, 2025, at 5:00 PM ET [1][2] - The call featured key company participants including Eric DeMarco, President and CEO, and Deanna Lund, Executive Vice President and CFO [3] - The conference call was recorded and included a question and answer session following the presentation [2] Group 2 - The company emphasized the importance of considering uncertainties and risks associated with forward-looking statements made during the call [4]

Core Insights - Kratos (KTOS) reported revenue of $283.1 million for the quarter ended December 2024, reflecting a 3.4% increase year-over-year, with EPS at $0.13 compared to $0.12 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $288.31 million, resulting in a surprise of -1.81%, while the EPS exceeded expectations by 44.44% against a consensus estimate of $0.09 [1] Revenue Breakdown - Kratos Government Solutions generated $222 million in revenue, slightly below the average estimate of $223.42 million, marking a year-over-year increase of 1.7% [4] - Unmanned Systems revenue was reported at $61.10 million, lower than the estimated $66.54 million, but showed a 10.3% increase compared to the previous year [4] - Product sales reached $176.60 million, surpassing the average estimate of $170.05 million, with a year-over-year growth of 2.1% [4] - Service revenues totaled $106.50 million, below the estimated $117.06 million, but represented a 5.7% increase year-over-year [4] Profitability Metrics - Gross profit from service revenues was $29.40 million, compared to the average estimate of $31.72 million [4] - Gross profit from product sales was reported at $40.40 million, lower than the estimated $42.07 million [4] - Operating income for Unmanned Systems was -$0.70 million, significantly below the average estimate of $2.19 million [4] - Operating income for Kratos Government Solutions was $11 million, compared to the average estimate of $15.27 million [4] - Unallocated corporate expense, net, was -$7.30 million, worse than the average estimate of -$4.35 million [4] Stock Performance - Over the past month, Kratos shares have declined by 25%, contrasting with the Zacks S&P 500 composite's decrease of 2.3% [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3]