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Kratos Receives Approximate $30 Million Sole Source Air Defense System Hardware Production Award
Newsfilter· 2025-04-17 12:00
SAN DIEGO, April 17, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a technology company in the defense, national security and global markets, announced today that it has received an approximate $30 million Sole Source Air Defense System Hardware Production award.  Kratos is an industry leading designer, engineer and manufacturer of military grade hardware, at quantity, in support of United States air defense, hypersonic, propulsion, high-performance jet drones and other m ...
Why Is Kratos (KTOS) Up 19.8% Since Last Earnings Report?
ZACKS· 2025-03-28 16:35
It has been about a month since the last earnings report for Kratos (KTOS) . Shares have added about 19.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Kratos due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns out, ...
Kratos Defense & Security Solutions Added to S&P SmallCap 600 Index
Globenewswire· 2025-03-24 12:00
SAN DIEGO, March 24, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it has been added to the S&P SmallCap 600 Index. This milestone reflects Kratos’ continued growth, strong market position, and strategic investments in critical national security capabilities. The S&P SmallCap 600 Index includes companies that meet specific criteria for financial stability, performance, and mar ...
Kratos Defense & Security Solutions Added to S&P SmallCap 600 Index
Newsfilter· 2025-03-24 12:00
SAN DIEGO, March 24, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it has been added to the S&P SmallCap 600 Index. This milestone reflects Kratos' continued growth, strong market position, and strategic investments in critical national security capabilities. The S&P SmallCap 600 Index includes companies that meet specific criteria for financial stability, performance, and mark ...
Kratos Breaks Ground on $50 Million State-of-the-Art Hypersonic System Indiana Payload Integration Facility
Newsfilter· 2025-03-18 20:00
Core Viewpoint - Kratos Defense & Security Solutions, Inc. has announced the groundbreaking of its Hypersonic System Indiana Payload Integration Facility (IPIF) in Crane, Indiana, which will enhance hypersonic vehicle and payload activities for the Multi-Service Advanced Capabilities Hypersonic Testbed (MACH-TB) program [1][4]. Group 1: Facility Details - The IPIF will be a 68,000-square-foot complex designed for rapid and affordable preparation of experimental payloads, with an investment exceeding $50 million [2][3]. - The facility is expected to create over 100 high-tech jobs with an average annual wage of over $80,000, and is projected to be operational by the end of 2026 [2][3]. Group 2: Strategic Importance - The establishment of the IPIF represents a strategic investment in the U.S. hypersonic infrastructure, aimed at increasing the cadence of flight tests and maturing advanced hypersonic technologies [4][5]. - The facility will serve as a key hub for defense innovation, supporting integration activities with government and industry partners [5][6]. Group 3: Economic and Regional Impact - Indiana's Governor highlighted the investment's role in creating high-paying jobs and strengthening the state's position in national security and advanced defense technology [4][5]. - Local leaders emphasized the importance of collaboration in supporting regional economic growth and technological advancement through the establishment of the facility [7][6]. Group 4: Company Positioning - Kratos is positioned as a leader in hypersonic and advanced technology development, recently selected as the prime contractor for the MACH-TB 2.0 program [7]. - The company is recognized for delivering both propulsion and flyer systems, including various hypersonic technologies, and aims to provide affordable, high-performance solutions to meet military needs [7][10].
Naval Air Systems Command Awards Follow-On Contractor Logistics Support & Engineering Services Contract Valued at up to $19.1 Million to Kratos Defense for the BQM-177A Subsonic Aerial Target System
Globenewswire· 2025-03-17 12:00
SAN DIEGO, March 17, 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 was awarded $3,399,506 from the U.S. Navy for the base year of its next Contractor Logistics Support and Engineering Services contract supporting BQM-177A aerial target system operations. BQM-177A Subsonic Aerial Tar ...
Kratos Defense Secures a Contract to Support the SSOV II Program
ZACKS· 2025-03-14 14:15
Group 1: Contract Details - Kratos Defense & Security Solutions, Inc. (KTOS) secured a contract with Corvid Technologies for the Short/Medium Range Sub-Orbital Vehicle (SSOV) II program, awarded by the Naval Surface Warfare Center [1][2] - The contract involves the design, manufacture, and delivery of suborbital vehicles, including ground test hardware, specialized test equipment, materials, and engineering and launch support services [2] - The potential value of the contract could exceed $50 million if options are exercised, serving the United States, Australia, and the United Kingdom [3] Group 2: Market Growth Prospects - The global space launch services market is projected to grow from $18.26 billion in 2024 to $41.31 billion by 2030, at a compound annual growth rate of 14.6% [4] - Factors driving this growth include rapid technological advancements, increasing demand for satellite deployment, and rising investments in space infrastructure [4] Group 3: Company Positioning - Kratos Defense specializes in advanced space launch and missile defense solutions, providing suborbital and orbital launch systems, including hypersonic payload launch vehicles and ballistic missile targets [5] - The company has a proven track record with over 100 successful vehicle launches, supporting critical national security missions with cost-effective solutions [5] Group 4: Industry Peers - Northrop Grumman Corporation is a key player in the aerospace and defense sector, benefiting from the growing demand for space launch services through its innovations in rocket technology and satellite deployment [6] - United Launch Alliance (ULA), a joint venture between Boeing and Lockheed Martin, has been a premier launch services provider in the U.S. since 2006, successfully delivering over 155 missions and placing more than $70 billion of satellite assets into orbit [7][8]
Kratos Awarded Potential $50 Million Short/Medium Range Sub-Orbital Vehicle II Contract to Support Missile Defense Related Missions
Newsfilter· 2025-03-11 12:00
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 In the First Group of Two Satellite Ground System Products to Achieve DIFI Standard Compliance
Globenewswire· 2025-03-10 12:00
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 ...
Prometheus Energetics to Establish an Approximate 550 Acre Solid Rocket Motor and Munitions Production Facility in Indiana as Part of DOD's Munitions Campus Pilot Program Led by the American Center for Manufacturing & Innovation
Newsfilter· 2025-03-07 13:00
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 ...