Articles from Kratos Defense & Security Solutions, Inc.

Representative Smith Briefed on Kratos Erinyes, Dark Fury, Zeus and Other Kratos Hypersonic Systems

SAN DIEGO, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, announced today that it has recently received an approximate $100 million total potential value hypersonic system program award. Approximately $15 million of funding has been received by Kratos at contract award, with significant increased funding expected in the second half of Kratos fiscal year 2025. Under the new program contract award, Kratos will provide engineering, systems and hardware. Work related to the program will be performed at secure Kratos fabrication, manufacturing and system integration facilities. Due to competitive, security related and other considerations, no additional information will be provided.

SAN DIEGO, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, announced that it was awarded a Geolocation Global Support Services (GGSS) contract in the amount of $48 million.

Contract Represents Single Largest Award in Kratos History

SAN DIEGO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, was awarded a $6.5 million, single award contract by the Defense Advanced Research Projects Agency (DARPA) to provide flight testing for hypersonic research supporting future weapon systems. The two-year contract which began in August 2023 includes flight tests to develop, characterize, and validate critical hypersonic components for technology maturation and risk reduction.

SAN DIEGO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets and an industry-leading provider of high-performance, jet-powered unmanned aerial systems, today announced the successful performance of a recent series of flight tests of the United States Marine Corps’ XQ-58A Valkyrie, manufactured by Kratos. These flights and exercises were conducted jointly earlier this year by Kratos, Northrop Grumman Corporation, Autodyne, the United States Marine Corps (USMC), the United States Navy, and the United States Air Force (USAF).

SAN DIEGO, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQKTOS), a technology company in Defense, National Security and Global Markets, is proud to announce its participation as a Gold Sponsor of the upcoming Reagan National Defense Forum (RNDF). This prestigious event, held at the Ronald Reagan Presidential Library in Simi Valley, California, brings together national security leaders, policymakers, industry executives, and military officials to discuss the pressing challenges and opportunities facing our nation’s defense.

Kratos Led Team Will Design, Implement and Operate Ground Infrastructure Supporting Interoperability Across Multi-Vendor LEO Constellations Using its Kratos OpenSpace® Platform

New Zeus Motors are in Production and Ready for Use

`       Third Quarter 2024 Revenues of $275.9 Million Compared with Third Quarter 2023 Revenues of $274.6 Million

 SAN DIEGO, Calif., Oct. 14, 2024 (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 recently received a new, sole source, approximate $45 million single award contract related to a new satellite system. Work under this new satellite system contract award will be performed at secure Kratos engineering, production and integration facilities. Due to customer related, competitive and other considerations, no additional information will be provided regarding the new contract award at this time.

SAN DIEGO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, announced today that it is partnering with Radisys® Corporation, a global leader in open telecom solutions, to develop cloud native 5G-NTN (non-terrestrial network) solutions for satellite connectivity. These solutions will be available through Kratos OpenSpace® Platform, the only commercially available, fully software-defined satellite ground system.

SAN DIEGO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, recently welcomed U.S. Representative Gary Palmer (AL-6) to Kratos SRE in Birmingham, Alabama, to showcase Kratos’ expertise in the development, modeling and deployment of advanced technologies including materials for extreme environments, hypersonics, space systems, missile systems, missile defense, strategic deterrence, propulsion systems, RF technology integration, additive manufacturing, airborne ISR, and energy applications.

SAN DIEGO, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, today announced that Kratos has received a $79,870,161.48 Firm Fixed Price delivery order for the Lot 20 procurement of 60 aircraft, mission kits, certain flight consumables, and technical data for the BQM-167A Air Force Subscale Aerial Target (AFSAT) under a five-year base contract. The award incorporates Gas, Aero, Payload, Power (GAPP) enhancements that include the largest capability upgrade to date for the BQM-167A Product Baseline. The increased capabilities provided by the GAPP upgrade marks an indisputable enhancement in the BQM-167A’s evolution to keep pace replicating more advanced threats, thereby improving the weapon systems verification and training efforts the BQM-167A helps enable for the USAF. This contract also represents the largest single buy of BQM-167As by the Air Force Life Cycle Management Center, Eglin AFB, Florida.

SAN DIEGO, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, today announced that Kratos Turbine Technologies has successfully completed a ground test campaign of a Cost-Optimized, Limited-Life Turbofan Engine. The engine testing was managed by the Air Force Research Laboratory, Aerospace Systems Directorate, Turbine Engine Division (AFRL/RQT) under the Attritable Cost Optimized Limited Life Engine Technologies (ACOLLET) program. All test plan objectives were achieved including matching pre-test predictions on thrust and fuel efficiency.

New End-to-End Ground Capability Will Empower Thaicom to Rapidly Adapt to Market Changes and Deliver Services On-Demand

High-Performance, USA-Made Engines Now Available with No Lead Time

SAN DIEGO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, recently welcomed U.S. Representative Brian Mast (FL-21) to Kratos Turbine Technologies in Jupiter, Florida, to showcase their expertise in propulsion. KTT is one of the fastest growing divisions within Kratos. The organic business growth is driven by a strong demand for KTT products and services including defense engines, commercial engines, space turbopumps, hypersonic power generation systems, engine overhauls, and engine maintenance.

Second Quarter 2024 Revenues of $300.1 Million Increased 16.8 Percent over Second Quarter 2023 Revenues of $256.9 Million, including 16.7 Percent Organic Growth

SAN DIEGO, July 29, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQKTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the second quarter 2024 after the close of market on Wednesday, August 7th. Management will discuss the Company’s operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern).

Agreement covers development and production of small affordable engines for possible use in unmanned aerial systems, collaborative combat aircraft, and similar applications

Kratos In Production, Low-Cost, High-Performance Jet Drones Can Accommodate Existing Runway Based Operations or be Deployed in Standard Shipping Containers and Rail Launched from Austere Locations

SAN DIEGO, June 27, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, announced today that its Space & Missile Defense Systems Business Unit, a part of Kratos’ Defense & Rocket Support Systems (DRSS) Division, supported the Missile Defense Agency (MDA) and the Naval Surface Warfare Center (NSWC), in the successful launch and flight of the Kratos Erinyes™ Hypersonic Test Bed, on June 12, 2024, from the NASA Wallops Flight Facility (WFF) in Virginia. This successful first flight of the Erinyes vehicle demonstrates a new and novel platform capability for rapid hypersonic experimentation for the U.S. Department of Defense.

SAN DIEGO, June 24, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, today announced the addition of Claire Burghoff to its corporate team as the Vice President of Government Affairs & Corporate Communications. In this role, Claire will lead corporate communications for Kratos and will support the company's strategic initiatives in government affairs, leveraging her extensive experience and ability to marry public relations strategies with government affairs initiatives to communicate the value of Kratos’ low-cost, high-performance technology, solutions, and breakthroughs to national defense and governmental leaders.

SAN DIEGO, June 11, 2024 (GLOBE NEWSWIRE) -- In today’s hyper-connected world, businesses must comply with strict cybersecurity measures to operate and compete, especially for winning government contracts and in regulated industries. Misunderstanding the requirements or making mistakes during the certification process can result in fines, revenue loss, and even ineligibility to compete. To guide businesses to the right answers, Kratos Defense & Security Solutions (Nasdaq: KTOS) has launched a cybersecurity compliance podcast to help businesses set and achieve their compliance goals.

SAN DIEGO, May 28, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQKTOS), a Technology Company in the Defense, National Security and Global Markets and an industry-leading provider of high-performance, jet-powered unmanned aerial systems, today announced that on Tuesday, April 2, 2024, the Kratos BQM-177A flew in support of the U.S. Navy’s AIM-9X mission at Naval Air Weapons Station China Lake, in California. This event marked the 200th launch of the BQM-177A by Pacific Target and Marine Operations (PTMO) and resulted in the successful completion of the exercise.

Showcases Kratos’ OpenSpace® Software Ground System Capabilities that will Enable Multi-Orbit, Multi-Mission Operations

First Quarter 2024 Revenues of $277.2 Million Increased 19.6 Percent over First Quarter 2023 Revenues of $231.8 Million, including 19.5 Percent Organic Growth

SAN DIEGO, April 29, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQKTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the first quarter 2024 after the close of market on Tuesday, May 7th. Management will discuss the Company’s operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern).

Together the companies showcase technology capable of supporting multi-orbit, multi-mission satellite ground operations

SAN DIEGO, April 15, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, announced today that its Space & Missile Defense Systems (SMDS) Business Unit, a part of Kratos’ Defense & Rocket Support Services (DRSS) Division, successfully completed the static test firing of the Zeus 2 solid rocket motor (SRM) with Aerojet Rocketdyne, an L3Harris Technologies [NYSE: LHX] company, at their Camden, Arkansas facility. This Zeus 2 milestone combined with the successful Zeus 1 static test firing last year, completes the development phase of Kratos’ new affordable commercial SRM family.

Showcases Software Ground System to Support Interoperability and Multi-Mission Capability with Partners Telesat Government Solutions and Cobham Satcom

Brigadier General (Retired) Bobbi Doorenbos to Join the Kratos Board of Directors

SAN DIEGO, April 02, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQKTOS), a leading National Security Solutions provider, announced that Kratos Unmanned Systems Division has successfully demonstrated the ability of the XQ-58A to fly in concert with two F-35 aircraft and the ability to deliver an integrated electronic attack (EA) capability on the XQ-58A Valkyrie aircraft during a live flight test event at Eglin Air Force Base, Florida. The demonstration completes the first phase of the United States Marine Corps’ Penetrating Affordable Autonomous Collaborative Killer – Portfolio (PAACK-P) program. Flight test support was provided by the 40th Flight Test Squadron, 96th Test Wing. All flight test objectives were successfully met.

Kratos and Shield AI use Firejet as first application of Shield AI’s Hivemind on the Kratos Family of UAS

SAN DIEGO, March 18, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQKTOS), 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 its Unmanned Systems Division has received a $57,673,542 modification to a previously awarded firm-fixed-price contract. This modification exercises options to procure full rate production Lot Five of the BQM-177A Surface Launched Aerial Targets to provide for the production and delivery of 70 BQM-177A Surface Launched Aerial Targets and 70 Rocket-Assisted Takeoff attachment kits, as well as associated technical and administrative data in support of weapons system test, and evaluation and fleet training for the Navy.

SAN DIEGO, March 12, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will be deploying self-driving Class 8 tractor/trailers in a Leader Follower Platoon hauling customer freight shipments along revenue generating routes in Ohio and Indiana.

SAN DIEGO, March 04, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in Defense, National Security and Global Markets, announced today that it has been awarded a $499,000,000 multiple award, indefinite-delivery/indefinite-quantity contract for the design, build, test, and delivery of functioning anti-tamper solutions that will be ready for follow-on production to be integrated into a broad range of Department of Defense programs. The development of these solutions enables the necessary protection of critical program information from adversarial tamper efforts. Work will be performed in the continental United States and is expected to be completed February 28, 2030. This contract was a competitive acquisition, and twenty offers were received. The Air Force Life Cycle Management, Wright Patterson Air Force Base, Ohio, is the contracting activity.

Kratos’ Head of Advanced Technology is recognized for his leadership in advancing interoperability in the satellite industry

SAN DIEGO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (“Kratos”) (NASDAQKTOS), a Technology Company in the Defense, National Security and Global Markets, today announced the pricing of an underwritten offering of 16,666,667 shares of its common stock at a public offering price of $18.00 per share pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The net proceeds to Kratos from the offering, after deducting underwriting discounts and commissions, are expected to be approximately $288 million. Kratos has also granted the underwriters a 30-day option to purchase up to an additional 2,500,000 shares of common stock. All of the shares in the offering are to be sold by Kratos. The offering is expected to close on February 27, 2024, subject to customary closing conditions.

SAN DIEGO, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (“Kratos”) (NASDAQKTOS), a Technology Company in the Defense, National Security and Global Markets, today announced that it intends to offer for sale $300,000,000 of shares of its common stock in an underwritten offering pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The underwriters will have a 30-day option to purchase up to an additional $45,000,000 of shares of common stock from Kratos. All of the shares in the offering are to be sold by Kratos. The proposed offering is subject to market and other conditions.

SAN DIEGO, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in Defense, National Security and Global Markets is proud to announce the Company will be a Visionary Sponsor of Creative Disruptors in the Desert, The Creative Defense Foundation’s inaugural conference to be hosted in La Quinta, CA, from February 23-24, 2024. Creative Disruptors in the Desert will bring together National Security leaders, U.S. entrepreneurs and intrapreneurs, and innovative technology companies like Kratos to address the institutional, cultural, policy, and legal barriers impeding innovators from bringing their technologies, speed, agility, and cost effectiveness to U.S. National Security.

Services Will Support Satellite Command and Control System Sustainment and Resiliency

Full Year 2023 Revenues of $1.037 Billion Reflect 15.5 Percent Growth and 12.6 Percent Organic Growth, Respectively, Over Full Year 2022 Revenues of $898.3 Million

Credit: NASAA Kratos Terrier Terrier Oriole sounding rocket lifts off on March 3, 2021 from the Wallops Flight Facility in Virginia

SAN DIEGO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQKTOS), a Technology Company in the Defense, National Security and Global Markets and an industry-leading provider of high-performance, jet-powered unmanned aerial systems, recently welcomed U.S. Senator Gary Peters (D-MI) and U.S. Representative Lisa McClain (R-MI-9) to Technical Directions Inc. (TDI) headquartered in Oxford, Michigan, to showcase Kratos’ family of affordable turbine engines and turbogenerators.

SAN DIEGO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQKTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the fourth quarter and fiscal year 2023 after the close of market on Tuesday, February 13th. Management will discuss the Company’s operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern).

SAN DIEGO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in Defense, National Security and Global Markets, announced today that it has recently received approximately $50 million in awards for Products and Hardware, including for and in support of Counter Unmanned Aerial System (CUAS), Air Defense and Radar Systems. The $50 million total includes contracts and programs that were awarded to Kratos on a single award or sole source basis. Kratos is an industry leader in systems, hardware and microwave electronics, including for and in support of CUAS, unmanned aerial drone, missile, radar and air defense related systems. At Kratos, affordability is a technology, with Kratos offerings envisioned and designed up front, for rapid, low-cost manufacturing and production, at scale and in large quantities. Work under these recently received awards will be performed at secure Kratos manufacturing facilities and customer locations.  Due to security related, competitive and other considerations, no additional information will be provided.

First-to-Market OpenSpace Platform is a Software-Based Networking Solution that Connects Space to the Dynamic Ground, Supporting Multiple Satellites, Orbits, Payloads and Services

SAN DIEGO, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in defense, national security and global markets, announced today that it demonstrated 100% interoperability success at the first ever DIFI Plugfest where satellite solutions providers converged to test the interoperability of their Digital IF products.

Target Systems Included BQM Cruise Missile and Short-Range Aegis Readiness Assessment Vehicles

Newly Formed Atreus Technologies, LLC, a Small Business Association Mentor Protégé Program Joint Venture, Aims to Elevate Technology Leading Defense and Aerospace Solutions

SAN DIEGO, Calif, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a Technology Company in the Defense, National Security and Global Markets, today announced updates related to its Board of Directors. As the result of an ongoing Board augmentation and refreshment process, the Company has appointed retired Army Col. Brad Boyd and recently retired long-time equity fund Portfolio Manager Dan Hagen, to the Kratos Board of Directors, effective November 1, 2023. Mr. Boyd and Mr. Hagen both bring significant relevant and diverse experience and expertise to the Kratos Board.

SAN DIEGO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets and an industry-leading provider of high-performance, jet-powered unmanned aerial systems, today announced the Marine Corps XQ-58A Valkyrie, a highly autonomous, low-cost tactical unmanned air vehicle successfully completed its first test flight October 3, 2023, at Eglin Air Force Base, Florida. Kratos partnered with the Marine Corps, the Office of the Undersecretary of Defense for Research and Engineering (OUSD (R&E)), the Naval Air Systems Command and Naval Warfare Center Aircraft Division to facilitate the ongoing research, development, test and evaluation of the Marine Corps XQ-58A Valkyrie.

        Third Quarter 2023 Revenues of $274.6 Million Reflect 20.1 Percent Organic Growth Over Third Quarter 2022 Revenues of $228.6 Million

SAN DIEGO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQKTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the third quarter 2023 after the close of market on Thursday, November 2nd. Management will discuss the Company’s operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern).

SAN DIEGO, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it was awarded a contract for three aviation trainers, one Kratos UH-60M Black Hawk Avionics Trainer (BHAT) and two Kratos UH-60M Maintenance Blended Reconfigurable Aviation Trainers (MBRAT).

SAN DIEGO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. [Nasdaq: KTOS], a Technology Company in the Defense, National Security and Global Markets, today announced a Memorandum of Understanding between Technical Directions, Inc. (TDI), a business unit within Kratos Unmanned Systems Division, and Boeing [NYSE: BA] for the TDI-J85 turbine engine to provide propulsion for the Powered Joint Direct Attack Munition (JDAM).

Industry First for a Satellite Ground System will Dramatically Enhance Satellite Communications Integration with Global Telecom Networks

Agreement Significantly Expands Previous Relationship

SAN DIEGO, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets and an industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced the display of its two complete full-scale families of tactical and target unmanned jet drones at the upcoming Marine Corp Air Station Miramar Air Show in September. Kratos’ tactical family, intended for operational military missions such as strike, ISR (intelligence surveillance reconnaissance), RF (radio frequency), and communications, includes the most recent and advanced versions of the XQ-58 Valkyrie, the UTAP-22 Mako, and the Tactical Firejet. Kratos’ target family, engaged to support and hone military training and to support defense system development, includes the BQM-167, the BQM-177, and the MQM-178 Firejet.

Second Quarter 2023 Revenues of $256.9 Million Increased 14.6 Percent Over Second Quarter 2022 Revenues of $224.2 Million, Including 17.1 Percent Organic Growth in Kratos Government Solutions Segment