Core Insights - Shares rose close to 22%, reaching an all-time high, following a significant increase in defense orders, which saw an almost seven-fold uptick [1] Company Performance - The company experienced a substantial increase in defense orders, indicating strong demand in the defense sector [1]

SAN DIEGO, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leader in defense, national security and global markets, announced today that it has been awarded a $61,068,139 modification to a previously awarded firm-fixed-price contract (N0001923C0021) by the U.S. Navy. This contract modification exercises options to procure full-rate production Lot Seven for 70 of the BQM-177A Subsonic Aerial Targets, along with 70 Rocket-Assisted Takeoff (RATO) attachment kits an ...

Leonardo DRS, Inc. Q4 2025 Earnings Call Summary - Moby Strategic Performance and Operational Context Achieved 13% organic revenue growth in 2025, marking back-to-back years of double-digit expansion driven by tactical radars and naval propulsion. Maintained a book-to-bill ratio of 1.2 or better for the fourth consecutive year, validating a platform-agnostic strategy across diverse defense domains. Intentionally increased internal R&D by 40% to expand footprints in high-growth airborne, missile, and ...

That frontline perspective combined with my experience over the past decade as Chief Technology Officer and, most recently, Chief Operating Officer has given me a deep appreciation for our leading market positions, our balanced and diverse portfolio, our truly differentiated technologies, and above all, our exceptionally talented people. As I look ahead, my priorities as CEO are clear. Build on our foundation of success. We have a remarkable business with distinct differentiation that is well positioned for ...

Leonardo DRS (NasdaqGS:DRS) Q4 2025 Earnings call February 24, 2026 10:00 AM ET Speaker6Ladies and gentlemen, good day, and welcome to the Leonardo DRS fourth quarter and full year 2025 earnings conference call. At this time, all participants are in a listen-only mode. Following the company's prepared remarks, there will be an opportunity to ask questions, and instructions will be provided at that time. As a reminder, this event is being recorded. I would now like to turn the conference over to Steve Vather ...

Quarterly Earnings Presentation Q4 | 2025 February 24, 2026 Disclaimers Forward-Looking Statements In this presentation, when using the terms the "company," "DRS," "we," "us" and "our," unless otherwise indicated or the context otherwise requires, we are referring to Leonardo DRS, Inc. This presentation contains forward-looking statements and cautionary statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some of the forward-looking statements can be identified by the use o ...

Kratos Defense & Security Solutions (NasdaqGS:KTOS) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Company ParticipantsAnthony Valentini - VPAustin Moeller - Director of Equity ResearchBrock Cannon - Equity Research AssociateColin Canfield - DirectorDeanna Lund - EVP and CFOEric DeMarco - President and CEOGavin Parsons - Director of Aerospace and Defense Equity ResearchJacqueline Taylor - Managing DirectorJosh Sullivan - Managing Director of Equity ResearchKen Herbert - Managing DirectorMarie Mendoza - ...

(Bloomberg) -- European stocks rose following a slate of positive results, including from BAE Systems Plc and Puig Brands SA. The Stoxx Europe 600 Index was up 0.5% at 9:16 a.m. in Paris. Mining and industrial shares were leading gains, while chemicals were among the biggest laggards. BAE Systems gained 5% after the defense firm predicted continued solid sales and earnings growth for the year after a record 2025. Puig climbed 6% after its like-for-like revenue beat analyst estimates. EssilorLuxottica SA fel ...

Core Insights - L3Harris Technologies secured a significant submarine communications production award, enhancing its role in next-generation naval systems and increasing long-term revenue visibility related to U.S. defense programs [1][3] - The company recently obtained a nearly $400 million contract for solid rocket boost motors and LDACS for the THAAD interceptor system [2] Contract Details - The contract won from General Dynamics Electric Boat is the largest full-rate communications systems contract for L3Harris, covering multiple submarine shipsets for the next decade [3] - The deal includes production for Virginia-class and Columbia-class submarines, with deliveries expected through 2033 [3] - Future Columbia-class platforms and allied fleets may receive additional support under this program framework [3] Technological Advancements - The advanced systems are designed to improve connectivity and situational awareness for underwater crews operating in complex environments [4] - The ability for submarines to operate undetected is crucial for the U.S. Navy's strategic advantage, as emphasized by L3Harris executives [5] Defense Ecosystem Context - This award builds on decades of collaboration between L3Harris and U.S. naval programs, including legacy submarine platforms [5] - Virginia-class vessels are focused on fast-attack missions, while Columbia-class submarines will serve as the foundation for next-generation sea-based deterrence capabilities [6] Market Reaction - Following the announcement, L3Harris Technologies shares increased by 1.82%, reaching $352.87 [6]

Summary of Graham Corporation Conference Call Company Overview - **Company Name**: Graham Corporation - **Industry**: Defense, Energy, Process, and Space - **Core Products**: Mission-critical vacuum systems and heat transfer systems for various industries including petrochemical, refining, and defense [2][3] Key Points Business Model and Strategy - Graham has a diversified portfolio with a 50/50 split between defense and commercial sectors, providing stability and visibility with over two years of backlog [3][4] - The company has invested approximately $42 million in capital expenditures (CapEx) to enhance its operations, targeting a return on invested capital (ROIC) greater than 20% [4][12] - The defense segment accounts for about 60% of the portfolio, focusing on nuclear submarines and aircraft carriers, with 80% of work being sole source [4][5] Financial Performance - Revenue increased by 21% in the latest quarter, driven primarily by a 31% growth in the defense sector [22][23] - Adjusted EBITDA rose to $6 million, a 50% increase year-over-year, with a year-to-date increase of 30% [25] - The company aims for low- to mid-teen EBITDA margins (13%-15%) by fiscal year 2027 [26] Backlog and Growth - The backlog reached a record $516 million, with 85% related to defense contracts, providing long-term visibility for investments [28] - The book-to-bill ratio for the first nine months of the year is 1.6, indicating strong demand in defense and space sectors [27][29] Recent Developments - Graham recently acquired FlackTek for $35 million, enhancing its capabilities in mixing technology, which is expected to open new market opportunities [18][19] - The company is focusing on operational improvements, including a new Navy facility that will reduce product lead times from two years to one year [12][14] Market Dynamics - The company is experiencing sluggishness in its legacy energy and process business due to geopolitical tensions and lower gas prices, but is offsetting this with growth in defense and new energy sectors [27] - Graham is also exploring opportunities in space cooling, leveraging its cryogenics experience to meet increasing demand for power density in space applications [47][48] Cultural and Operational Changes - There is a cultural shift within the company towards a growth-oriented mindset, with improved employee engagement and a focus on continuous improvement [60][61] - The company is transitioning from a legacy ERP system to a modern one, which is expected to enhance operational efficiency [60] Additional Insights - The company is working on developing commercially available products that can command higher margins, moving away from the constraints of build-to-print contracts [39][40] - Graham's legacy business still constitutes a significant portion of revenue, but the company is positioning itself for future growth through innovation and market expansion [63][64] This summary encapsulates the key points discussed during the conference call, highlighting Graham Corporation's strategic direction, financial performance, and market opportunities.