Kratos Defense & Security Solutions, Inc. operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space and satellite communications, training and cybersecurity/ warfare, C5ISR/ modular systems, turbine technologies, and defense and rocket support services. The Unmanned Systems segment provides unmanned aerial systems, and unmanned ground and seaborne systems. It serves national security related agencies, the department of defense, intelligence agencies, and classified agencies, as well as international government agencies and domestic and international commercial customers. Kratos Defense & Security Solutions, Inc. was incorporated in 1994 and is headquartered in San Diego, California.

Kratos Defense & Security Solutions, Inc.

Kratos develops and fields transformative, affordable systems, platforms and products for national security and communications needs. Kratos is changing the way breakthroughs are brought rapidly to these markets through proven commercial technology approaches, including proactive research and streamlined development processes. Kratos is focused in areas where tech advances can have a force multiplier effect, such as unmanned systems, satellite communications, C5ISR, warfighter training and combat systems.

The U.S. Air Force

Kratos Defense and Security Solutions

Last week, #ConstellationsPodcast spoke with Daniel Bar-Lev from MEF Forum about closing the distance between satellite and terrestrial connectivity. 

How are telcos handling the change, and what do new standards mean for the industry? Watch the highlight below and listen to the full episode here: https://lnkd.in/g67u7U3z

The Kratos team will be at AFA Warfare Symposium in Aurora, Colorado, this week. Visit us in booth #1217!

Direct-to-device is all the rage in the satellite industry right now. But transitioning towards a successful D2D sector depends on many moving parts—and some in the industry believe that it's more talk than walk. 

To help you understand the push for D2D, we put together this #ConstellationsShuffle, featuring podcast clips, articles, and insight from industry leaders. 

Is D2D on the way in 2024? Let us know what you think!  

Subscribe to Constellations and receive weekly newsletters on the state of the satellite and space industries: https://lnkd.in/eNfpUCXd

#D2D #satellite #space #spaceeconomy

“What’s the next step in convergence?”

Satellite D2D efforts have promise because smartphones and the networks behind them have already been digitized, standardized and stabilized enough that satellite can follow suit. But what do these next steps look like? Read the most recent update from DIFI Consortium now. 

https://lnkd.in/eY3d8AVn

With soaring expectations, some in the satellite industry believe that 2024 will be the year of satellite-connected cell phones. Others think that there is a massive revenue hurdle that will take years to overcome. 

While there is strong potential, the estimates for timeframe of bringing sat-to-cell to market varies dramatically. 

Check out this #ConstellationsArticle, where we take a closer look at companies like Lynk, Omnispace, Iridium, and Qualcomm, and examine how they are approaching the changing market. 

https://lnkd.in/e45hvWSN

“Michigan defense manufacturers excel at producing innovative solutions to our most pressing national security challenges, and Kratos and the TDI team here in Oxford are a key partner in that success,” Sen. Gary Peters, a member of the Senate Armed Services and Appropriations Committees, said. 
 
TDI, with its roots in Michigan since 1983, has been at the forefront of developing and refining turbine engine technologies for military applications. Leveraging Michigan’s deep automative expertise, our team is dedicated to the development of innovative turbojet engine applications, including small cruise missiles and Unmanned Aerial Vehicles (UAVs). 
 
We’re very proud of the products we’ve developed and equally proud to contribute to the growth of small engine turbine manufacturing in the U.S.
 
Kratos Defense and TDI remain committed to advancing defense technologies, delivering solutions to address our nation’s security challenges, and supporting the DoD’s efforts to meet affordable mass needs. Thank you to Sen. Peters and Rep. McClain for recognizing our efforts and being part of this impactful visit. 

You can read the Press Release here - https://lnkd.in/e3tBxsDH

More people in the satellite industry are becoming familiar with SD-WAN, or software-defined wide-area networks, as they are deployed in satellite and hybrid networks. 

Check out this #ConstellationsArticle, with insight from Frank Czulo of Network Innovations, Will Mudge of Speedcast, and Kevin Tobias of Kratos, on why and how SD-WAN is a significant part of the digital transformation of the satellite industry.

https://lnkd.in/ehAqVkN2

Join Kratos at SatNews' SmallSat Symposium next week as space and satellite industry leaders come together to discuss the latest small satellite developments. 

Hear Kratos Space, Training, and Cybersecurity Division President Phil Carrai moderate the "Sustaining Interoperability Across Terrestrial Networks" panel session that will address integration of networks, new markets, and more. February 6, 2024 at 4:30 pm PT.

https://lnkd.in/gpVEuXY3

This week, Constellations spoke with Daniel Bar-Lev, Vice President of Strategic Programs at MEF Forum, about the rapidly changing satellite network standards. 

Standards such as Carrier Ethernet play a critical role in the convergence of satellite and telecommunications networks. Curious about the role of standards in the development and transformation of these networks? Listen to the full episode at the link below. 

https://lnkd.in/g67u7U3z

Flat panel antennas (FPAs) are gaining traction in the satcom industry. But adoption has been slow, and several factors threaten widespread adoption, including cost, complexity, and regulatory compliance.
 
According to this recent article from NSR, an Analysys Mason company, FPAs could revolutionize the comms-on-the-move (COTM) market, if they can improve quality and performance and develop global network compatibility by ensuring that antennas are compatible with multiple satellite networks. 

Read the whole article at the link below. 

https://lnkd.in/eT46uRv7

	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	950.60M -	868M 8.69%	657.10M 24.30%	668.70M 1.77%	751.90M 12.44%	618M 17.81%	717.50M 16.10%	747.70M 4.21%	811.50M 8.53%	898.30M 10.70%	1.04B 15.45%
cost of revenue	710.60M -	649.80M 8.56%	495.30M 23.78%	515.10M 4.00%	554.60M 7.67%	448.30M 19.17%	527.50M 17.67%	544.50M 3.22%	586.40M 7.70%	672.30M 14.65%	775.30M 15.32%
gross profit	240M -	218.20M 9.08%	161.80M 25.85%	153.60M 5.07%	197.30M 28.45%	169.70M 13.99%	190M 11.96%	203.20M 6.95%	225.10M 10.78%	226M 0.40%	261.80M 15.84%
selling and marketing expenses
general and administrative expenses
selling general and administrative expenses	153M -	146.90M 3.99%	134.80M 8.24%	132.60M 1.63%	147.50M 11.24%	110.90M 24.81%	117.60M 6.04%	132.50M 12.67%	150.50M 13.58%	169.60M 12.69%	191M 12.62%
research and development expenses	21.40M -	23M 7.48%	16.20M 29.57%	13.90M 14.20%	17.80M 28.06%	15.60M 12.36%	18M 15.38%	27M 50%	35.20M 30.37%	38.60M 9.66%	38.40M 0.52%
other expenses		600K -	-700K 216.67%	800K 214.29%	900K 12.50%	-1M 211.11%	13.20M 1,420%	12M 9.09%	9.70M 19.17%	12.90M 32.99%	500K 96.12%
cost and expenses	925M -	846.20M 8.52%	662.20M 21.74%	675.30M 1.98%	733M 8.54%	583.70M 20.37%	676.30M 15.86%	716M 5.87%	781.80M 9.19%	893.40M 14.27%	1.00B 12.46%
operating expenses	214.40M -	196.40M 8.40%	166.90M 15.02%	160.20M 4.01%	178.40M 11.36%	135.40M 24.10%	148.80M 9.90%	171.50M 15.26%	195.40M 13.94%	221.10M 13.15%	229.40M 3.75%
interest expense	63.70M -	54.30M 14.76%	36M 33.70%	34.70M 3.61%	28.60M 17.58%	20.80M 27.27%	21.60M 3.85%	22.80M 5.56%	23.40M 2.63%	17.70M 24.36%	23.70M 33.90%
ebitda	79M -	61.50M 22.15%	19.70M 67.97%	17M 13.71%	42.30M 148.82%	51.20M 21.04%	75.60M 47.66%	66M 12.70%	64.30M 2.58%	46.40M 27.84%	77.10M 66.16%
operating income	31.80M -	19.90M 37.42%	-4.50M 122.61%	-18.60M 313.33%	-5.80M 68.82%	30.50M 625.86%	38M 24.59%	29.30M 22.89%	27.90M 4.78%	5.50M 80.29%	32.40M 489.09%
depreciation and amortization	53.40M -	39.10M 26.78%	25.50M 34.78%	22.80M 10.59%	22.50M 1.32%	17.90M 20.44%	37.60M 110.06%	36.70M 2.39%	36.40M 0.82%	40.90M 12.36%	44.70M 9.29%
total other income expenses net	6.20M -	-40.40M 751.61%	-3.50M 91.34%	-11M 214.29%	-41.10M 273.64%	-4.80M 88.32%	-22.30M 364.58%	-22.50M 0.90%	-23.50M 4.44%	-38.20M 62.55%	-21.30M 44.24%
income before tax	-31.90M -	-72.90M 128.53%	-44.60M 38.82%	-52.30M 17.26%	-50.80M 2.87%	8.70M 117.13%	15.70M 80.46%	6.80M 56.69%	4.40M 35.29%	-32.70M 843.18%	11.10M 133.94%
income tax expense	69M -	5.10M 92.61%	-11.40M 323.53%	8.10M 171.05%	-8.20M 201.23%	4.60M 156.10%	4.80M 4.35%	-73.50M 1,631.25%	3.90M 105.31%	1.40M 64.10%	8.90M 535.71%
net income	-37.20M -	-78M 109.68%	19.80M 125.38%	-60.50M 405.56%	-42.70M 29.42%	-3.50M 91.80%	12.50M 457.14%	79.60M 536.80%	500K 99.37%	-34.10M 6,920%	-8.90M 73.90%
weighted average shs out	56.80M -	57.60M 1.41%	58.70M 1.91%	61.30M 4.43%	89.50M 46.00%	103.80M 15.98%	106M 2.12%	115.50M 8.96%	124.60M 7.88%	126.70M 1.69%	130.40M 2.92%
weighted average shs out dil	56.80M -	57.60M 1.41%	58.70M 1.91%	61.30M 4.43%	89.50M 46.00%	106.10M 18.55%	109.20M 2.92%	118.70M 8.70%	128M 7.83%	126.70M 1.02%	130.40M 2.92%
eps	-0.65 -	-1.35 107.69%	0.34 125.19%	-0.99 391.18%	-0.48 51.52%	-0.03 92.98%	0.12 456.08%	0.69 475%	0.00 99.42%	-0.27 6,850%	-0.07 74.70%
epsdiluted	-0.65 -	-1.35 107.69%	0.34 125.19%	-0.99 391.18%	-0.48 51.52%	-0.03 93.12%	0.11 433.33%	0.67 509.09%	0.00 99.42%	-0.27 7,023.08%	-0.07 74.70%

COM:KRATOSDEFENSE

Kratos Defense & Security Solutions, Inc.

Last Close

26.24

22/11 21:00

Market Cap

3.10B

Beta: -

Volume Today

839.82K

Avg: -

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