Earnings summaries and quarterly performance for KRATOS DEFENSE & SECURITY SOLUTIONS.
Executive leadership at KRATOS DEFENSE & SECURITY SOLUTIONS.
Eric DeMarco
Detailed
Chief Executive Officer and President
CEO
BG
Benjamin Goodwin
Detailed
Senior Vice President, Corporate Development & Government Affairs
DC
David Carter
Detailed
President, Defense & Rocket Support Services
DL
Deanna Lund
Detailed
Executive Vice President and Chief Financial Officer
JA
Jonah Adelman
Detailed
President, Microwave Electronics
MC
Maria Cervantes
Detailed
Vice President and Corporate Controller
MM
Marie Mendoza
Detailed
Senior Vice President and General Counsel
PC
Phillip Carrai
Detailed
President, Space, Training & Cyber Solutions
SR
Stacey Rock
Detailed
President, Kratos Turbine Technologies
SF
Steven Fendley
Detailed
President, Unmanned Systems
TM
Thomas Mills
Detailed
President, C5ISR Systems
Board of directors at KRATOS DEFENSE & SECURITY SOLUTIONS.
Research analysts who have asked questions during KRATOS DEFENSE & SECURITY SOLUTIONS earnings calls.
Andre Madrid
BTIG
7 questions for KTOS
Also covers: AIRO, AMTM, ATI +10 more
Kenneth Herbert
RBC Capital Markets
7 questions for KTOS
Also covers: , AIR, AMTM +24 more
Michael Ciarmoli
Truist Securities, Inc.
7 questions for KTOS
Also covers: AIN, AIR, ASLE +20 more
PS
Peter Skibitski
Alembic Global Advisors
6 questions for KTOS
Also covers: AVAV, BWXT, CW +9 more
MC
Mike Crawford
B. Riley Securities
4 questions for KTOS
Also covers: ASTS, ATEX, CMTL +8 more
PA
Peter Arment
Robert W. Baird & Co.
4 questions for KTOS
Also covers: AIN, AVAV, BA +20 more
SS
Seth Seifman
JPMorgan Chase & Co.
4 questions for KTOS
Also covers: ATI, BA, CACI +21 more
SK
Sheila Kahyaoglu
Jefferies
4 questions for KTOS
Also covers: , AAL, AIR +36 more
Anthony Valentini
Goldman Sachs
3 questions for KTOS
Also covers: AVAV, BETA, CAE +4 more
Colin Canfield
Cantor Fitzgerald
3 questions for KTOS
Also covers: AIRO, AMTM, ASTS +10 more
JG
Joe Gomes
Noble Capital Markets
3 questions for KTOS
Also covers: ACCO, BLBX, BTBT +15 more
JS
Jonathan Siegmann
Stifel Financial Corp.
3 questions for KTOS
Also covers: AVAV, BAH, CACI +7 more
MC
Michael Crawford
B. Riley Securities, Inc.
3 questions for KTOS
Also covers: ASTS, ATEX, CMTL +9 more
Austin Moeller
Canaccord Genuity
2 questions for KTOS
Also covers: , ACHR, AVAV +18 more
GK
Greg Konrad
Jefferies Financial Group Inc.
2 questions for KTOS
Also covers: AVAV, CAE, CDRE +4 more
JG
Joseph Gomes
G.research, LLC
2 questions for KTOS
Also covers: ACCO, BTBT, CMTL +17 more
Rustam Kanga
Citizens Capital Markets and Advisory
2 questions for KTOS
Also covers: AVNW, BLZE, PENG +1 more
TW
Trevor Walsh
Citizens JMP
2 questions for KTOS
Also covers: AMTM, AVAV, AXON +10 more
Eleanor
Jefferies
1 question for KTOS
Jan-Frans Engelbrecht
Baird
1 question for KTOS
Also covers: AVAV, BWXT, CACI +1 more
Josh Sullivan
The Benchmark Company, LLC
1 question for KTOS
Also covers: ACHR, CRS, CSTM +8 more
Joshua Sullivan
The Benchmark Company
1 question for KTOS
Also covers: ACHR, AIR, ATI +13 more
JZ
Joshua Zoepfel
Noble Capital Markets
1 question for KTOS
Also covers: BLBX, BTBT, DLHC +1 more
NP
Noah Poponak
Goldman Sachs
1 question for KTOS
Also covers: AMTM, BA, CACI +22 more
SS
Seth Siefman
JPMorgan
1 question for KTOS
Recent press releases and 8-K filings for KTOS.
Kratos Supports Defense Reinvestment Policies
KTOS
Dividends
Share Buyback
New Projects/Investments
- Kratos Defense & Security Solutions supports President Trump’s announcement of policies that prioritize reinvestment in national defense capabilities over stock buybacks by defense contractors.
- The company's capital allocation philosophy involves reinvesting capital directly into the development, production, and fielding of affordable, mission-ready technologies, rather than conducting stock buybacks or paying dividends.
- Kratos has utilized this reinvestment-first approach to self-fund and be first-to-market with critical capabilities in areas such as unmanned systems, hypersonics, propulsion, space, and defense electronics.
- CEO Eric DeMarco emphasized that Kratos's mission is to deliver affordable, scalable, and real capability to the warfighter, aligning with government emphasis on accelerating production and expanding industrial capacity.
7 days ago
Kratos' Valkyrie UAS Selected for Marine Corps CCA Program
KTOS
New Projects/Investments
Product Launch
- Northrop Grumman was competitively awarded the U.S. Marine Corps’ Marine Air-Ground Task Force Uncrewed Expeditionary Tactical Aircraft (MUX TACAIR) Collaborative Combat Aircraft (CCA) program.
- This award integrates Kratos’ Valkyrie uncrewed aerial system with Northrop Grumman’s uncrewed capabilities and autonomous leadership to provide air dominance in high-threat environments.
- Northrop Grumman will develop platforms that include an Advanced Mission Kit and Open Architecture Autonomy Software (Prism), while Kratos' Valkyrie offers conventional takeoff and landing capabilities, enhanced runway flexibility, and modularity.
- The collaboration aims to deliver a high-capability CCA at a price point that enables mass deployment with crewed aircraft, building on over 20 successful flight demonstrations.
7 days ago
Kratos secures $30 million in defense production contracts
KTOS
New Projects/Investments
- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) recently received approximately $30 million in Air Defense and C5ISR system national-security-related, military-grade custom hardware production contracts.
- The company is an industry leader in the development, engineering, design, and large-scale production of military-grade hardware and integrated systems for various defense applications, including missile, radar, counter-UAS, and hypersonic systems.
- Work under these new contract awards will be performed in secure Kratos manufacturing facilities.
Dec 29, 2025, 1:00 PM
Kratos Issues Letter of Intent for 60 Zeus Hypersonic System Rocket Motors
KTOS
New Projects/Investments
- Kratos Defense & Security Solutions (KTOS) has issued a letter of intent to L3Harris Technologies for an order of 40 Zeus 1 and 20 Zeus 2 hypersonic motors.
- The Zeus 1 and Zeus 2 are high-performance, 32.5-inch diameter solid rocket motors (SRMs), internally funded by Kratos, designed for rapid integration with existing payloads and launch infrastructure.
- These SRMs were developed to provide affordable commercial launch vehicle stages for hypersonic test, ballistic missile targets, scientific research, and other missions.
- This strategic purchase reflects Kratos' approach of investing its own capital to build capability, capacity, and inventory ahead of customer needs, aiming to be a low-cost hypersonic system provider.
- This order, along with a recent order for 60 Oriole solid rocket motors, is intended to ensure rapid and relevant flight test platforms are available to accelerate hypersonic research.
Dec 23, 2025, 1:00 PM
Kratos Opens New Engine Manufacturing Facility in Auburn Hills, MI
KTOS
New Projects/Investments
- Kratos Defense & Security Solutions, Inc. has opened a new Propulsion Manufacturing Facility in Auburn Hills, Michigan, to fulfill upcoming demand for its Spartan engines.
- The 22,500-square-foot facility is designed for concurrent production of all four Spartan engine types, with a capacity of over 50,000 units per year.
- This investment aims to advance affordable mass inventory levels and expand crucial infrastructure for the US defense industrial base.
Nov 13, 2025, 2:00 PM
Kratos Defense & Security Solutions, Inc. to Acquire Orbit Technologies Ltd
KTOS
M&A
- Kratos Defense & Security Solutions, Inc. signed a definitive agreement on November 4, 2025, to acquire 100% of Orbit Technologies Ltd for $356.3 million.
- The acquisition is expected to be funded via cash on Kratos’ balance sheet and is anticipated to be immediately accretive across virtually every financial metric for Kratos.
- Orbit is a leading global provider of mission-critical satellite-based communication systems, and the transaction is projected to close by the end of March 2026.
Nov 7, 2025, 9:09 PM
Kratos (KTOS) Updates 2025-2027 Revenue and Margin Guidance, Announces Orbit Acquisition
KTOS
Guidance Update
M&A
Revenue Acceleration/Inflection
- Kratos (KTOS) increased its full-year 2025 revenue forecast to $1.310 billion to $1.330 billion, reflecting 14%-15% organic growth over fiscal 2024, up from the original 11%-13% forecast. The company also raised its full-year 2026 organic revenue growth forecast to 15%-20% and provided a preliminary 2027 target of 18%-23% organic growth.
- The company projects an approximate 100 basis point EBITDA margin expansion for 2026 over 2025, with another similar expansion in 2027 over 2026, as it scales the business and transitions to more profitable contracts.
- Kratos announced the acquisition of Orbit for approximately $356 million, a global provider of mission-critical satellite communication systems, which is expected to be immediately accretive across virtually every financial matrix. This transaction is scheduled to close in Q1 2026.
- For Q3 2025, cash flow used in operations was $13.3 million, and free cash flow used in operations was $41.3 million, primarily due to working capital requirements from revenue growth and investments. Consolidated days sales outstanding (DSOs) increased to 111 days.
Nov 4, 2025, 10:00 PM
Kratos Reports Strong Q3 2025 Results, Raises Guidance, and Announces Orbit Acquisition
KTOS
Earnings
Guidance Update
M&A
- Kratos reported Q3 2025 revenues of $346.7 million and Adjusted EBITDA of $30.8 million, both exceeding estimated ranges.
- The company increased its full-year 2025 revenue forecast to 14%-15% organic growth (up from 11%-13%) and raised its full-year 2026 organic revenue growth forecast to 15%-20% (up from 13%-15%), also providing a preliminary 2027 revenue growth target of 18%-23% organic growth.
- Kratos projects an approximate 100 basis point EBITDA margin expansion for 2026 over 2025, and another approximate 100 basis point expansion in 2027 over 2026.
- Kratos announced the acquisition of Orbit for approximately $356 million, which is expected to be immediately accretive across virtually every financial metric.
- Key growth drivers include the Valkyrie program (with the MUX TACAIR program and a partnership with Airbus for a German variant), the hypersonic franchise, and new turbojet engine programs.
Nov 4, 2025, 10:00 PM
KTOS Reports Strong Q3 2025 Results and Raises Future Revenue Guidance
KTOS
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Kratos (KTOS) reported strong Q3 2025 financial results, with revenues of $346.7 million and adjusted EBITDA of $30.8 million, both exceeding estimated ranges.
- The company significantly increased its full-year 2025 revenue guidance to $1.310 billion to $1.330 billion, reflecting 14%-15% organic growth over 2024, and raised its 2026 organic revenue growth forecast to 15%-20%. A preliminary 2027 organic revenue growth target of 18%-23% was also provided.
- Kratos projects approximately 100 basis point EBITDA margin expansion for both 2026 and 2027.
- Key strategic developments include the announced Orbit acquisition (approx. $70 million annual revenue, 23% EBITDA, expected to close Q1 2026, not in current guidance) , the Valkyrie becoming a program of record with the Marines (not in current guidance) , and significant contract wins for Poseidon (total potential value approx. $750 million) , Anaconda, and Helios.
Nov 4, 2025, 10:00 PM
Kratos Defense & Security Solutions, Inc. Reports Q3 2025 Financial Results and Updates Guidance
KTOS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Kratos reported strong Third Quarter 2025 Revenues of $347.6 million, marking 26.0 percent growth and 23.7 percent organic growth over the prior year period. This was driven by 35.8 percent organic growth in Unmanned Systems and 20.0 percent organic growth in Kratos Government Solutions.
- For Q3 2025, the company achieved Net Income of $8.7 million and Adjusted EBITDA of $30.8 million, with Adjusted EPS of $0.14.
- The consolidated book-to-bill ratio for Q3 2025 was 1.2 to 1 on $414.1 million in bookings, contributing to a consolidated backlog of $1.480 billion as of September 28, 2025.
- Kratos increased its full year 2025 revenue guidance to $1,320 to $1,330 million and raised its full year 2026 organic revenue growth forecast to 15 percent to 20 percent above the 2025 forecast.
- The company anticipates Adjusted EBITDA margin rate increases of approximately 100 basis points for both full year 2026 and fiscal year 2027 over the preceding years.
Nov 4, 2025, 9:19 PM
Quarterly earnings call transcripts for KRATOS DEFENSE & SECURITY SOLUTIONS.
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