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.

Masood Tayebi

Kratos Defense & Security Solutions, Inc.

Space-Eyes, LLC specializes in delivering geospatial intelligence and AI-driven insights for applications in military operations, climate change, and maritime intelligence. It offers automated threat evaluation and data processing services.

Space-Eyes, LLC

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

Metric
Company Name	Kratos Defense & Security Solutions, Inc.	Space-Eyes, LLC
Symbol	KTOS
MSH ID	COM:KRATOSDEFENSE	COM:SPACE-EYES
Market	STOCKS	PRIVATE
Sector	Industrials	Technology
Industry	Aerospace & Defense	Geospatial Services
Country	US	US
Stage
Employee Count	3.90K
Website	kratosdefense.com	space-eyes.com
LinkedIn	kratos-defense-and-security-solutions
Founders

Metric
Market Cap	3.10B
Enterprise Value
Monthly Web Traffic
Web Traffic Growth
Valuation
Raised Capital

Metric
Revenue	1.04B
Revenue (LTM)
Revenue (NTM)
Gross Profit	261.80M
EBITDA	77.10M
Operating Income	32.40M
Net Income	-8.90M
EPS	-0.07
Diluted EPS	-0.07
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.25
Operating Profit Margin	0.04
EBITDA Margin	0.07
Net Profit Margin	0.01
Return on Equity	0.01
Return on Assets	0.01
Return on Capital Employed	0.03

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: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	-149.38
P/B Ratio	2.38
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	3.44
EV Multiple	47.60

Metric
Days Sales Outstanding	126.85
Days Payables Outstanding	27.77
Days Inventory Outstanding	73.55
Operating Cycle	189.41
Cash Conversion Cycle	159.70
Asset Turnover	0.64

Metric
Operating Cash Flow	65.20M
Free Cash Flow	12.80M
Cash Flow to Debt	0.48
Operating Cash Flow/Sales	0.08
Free Cash Flow Yield	-0.01

Metric
Cash & Equivalents	72.80M
Accounts Receivable	1.30M
Inventory	156.20M
Goodwill	569.10M
Debt to Capitalization	0.19
Debt to Assets	0.18
Current Ratio	2.30
Quick Ratio	2.56

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.02
R&D to Revenue	0.04
SG&A to Revenue