Kratos Defense & Security Solutions, Inc. - Common Stock (KTOS)

Construction on the campus in Bloomfield, Indiana to begin in the second half of 2025

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PALM BEACH, Fla., March 06, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - From the perspective of U.S. competitiveness and security, incentivizing U.S. leadership in the drone industry ― the focal point of a new era of aviation ― represents a strategic imperative in a market long characterized by state-subsidized companies based in China. AUVSI, an industry insider reported: “that it believes it is essential to advance security and competitiveness in a thoughtful way that respects existing investments while building toward a more secure, sustainable future that puts U.S. interests ― including security, the economy, and overarching values ― first. U.S. drone manufacturers and their component supply chain have struggled to compete against foreign subsidized competition, which hinders the availability of American-made UAS on the market and impedes workforce growth and investment. Accordingly, the U.S. government must foster a more competitive and fair playing field for U.S.-based drone manufacturers. AUVSI is advocating for specific proposals that would generate demand for U.S.-made drones and supply-side measures that level the playing field for U.S. drone and component manufacturers against subsidized competition and dumping practices.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQZENA), EHang Holdings Limited NASDAQ: EHNASDAQEH)(NASDAQ: AVAVNASDAQAVAV, Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOSNASDAQ), ParaZero Technologies Ltd. (NASDAQ: PRZOPRZO).

SAN DIEGO, March 06, 2025 (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 Kratos has received $59,338,010 for an additional 70 BQM-177A Subsonic Aerial Target (SSAT) aircraft through the exercise of the contract option for Full Rate Production (FRP) Lot 6. When combined with the base award and exercise of FRP Lot 5, the resulting overall value of FRP Lots 4 through 6 totals $177,702,962. Total contract value if the remaining option for Lot 7 is exercised at the maximum production quantity will be $227,647,890.

SAN DIEGO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, and RAFAEL Advanced Defense Systems Ltd., today announced an approximate 50/50 partnership for the establishment of a U.S.-based merchant supplier of solid rocket motors (SRMs) and other energetics. The new joint venture, named Prometheus Energetics (“Prometheus”), is set to be headquartered on an approximate 500-acre site near the United States Navy and Army facility in Crane, Indiana.

           Full Year 2024 Revenues of $1.136 Billion Reflect 9.6 Percent Growth and 9.1 Percent Organic Growth, Respectively, Over Full Year 2023 Revenues of $1.037 Billion

SAN DIEGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, announced today that Kratos Defense & Rocket Support Services (DRSS) supported the Missile Defense Agency (MDA) and the Naval Sea Systems Command (NAVSEA) in a successful flight of Kratos’ Erinyes™ Hypersonic Test Bed, in January 2025, from the NASA Wallops Flight Facility (WFF) in Virginia. This successful flight of Erinyes™ expanded the vehicle’s performance envelope and demonstrated the utility of the platform as a low-cost, rapidly configurable test bed for hypersonic experimentation supporting U.S. Department of Defense initiatives.

SAN DIEGO, Feb. 13, 2025 (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 2024 after the close of market on Wednesday, February 26th. 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).

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PALM BEACH, Fla., Feb. 13, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The surge in global defense budgets has had a significant impact on the Global Military Drone Market. As political tensions rise worldwide, nations are investing in cutting-edge unmanned aerial systems (UAS) to bolster their defense and security capabilities. Increased defense expenditure has allowed countries like the United States, China, and other NATO members to allocate substantial funds to advanced drone programs, enhancing surveillance, supporting combat missions, and improving autonomous drone features. A recent report from an industry expert said that: “The growing demand for real-time intelligence in dynamic, complex military environments has significantly increased the need for sophisticated drones equipped with advanced surveillance and reconnaissance capabilities. Military drones are now integrated with cutting-edge technologies such as high-resolution cameras, infrared sensors, and other advanced systems that enhance situational awareness for both tactical operations and comprehensive intelligence gathering. For instance, the Northrop Grumman RQ-4 Global Hawk is capable of surveying over 40,000 square miles in a single day, providing extensive monitoring of large areas. This level of surveillance is invaluable for sustained military operations in regions like Ukraine and other conflict zones, where real-time intelligence is crucial for strategic decision-making and operational effectiveness.”   Active Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), AeroVironment NASDAQ: AVAVNASDAQAVAV)(NASDAQ: KTOSNASDAQKTOS, L3Harris Technologies (NYSE: LHXNYSE), Unusual Machines (NYSE: UMACUMAC).

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Driverless Vehicle Initiative Focused on Mitigating Driver Shortages, Improving Safety Protocols, Boosting Rural Economic Vitality, and Contributing to the Development of a Regulatory Framework for Autonomous Vehicles

PALM BEACH, Fla., Jan. 30, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The increasing terrorism around the globe is expected to boost the growth of the military drone market going forward. Terrorism refers to an act of violence that would put others in danger while showing a blatant disdain for the harm IT would do. Governments and military organizations often use military drones in counter-terrorism efforts. Drones can provide valuable intelligence, surveillance, and reconnaissance (ISR) capabilities to monitor and track terrorist activities. The need for real-time data and actionable intelligence in counter-terrorism operations drives the demand for military drones. A recent report said that the military drones market size is expected to see strong growth in the next few years. It will grow to $21.93 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The report said that: The Global Military Drones Market Trend: Innovative Products Expand The Military Drone Market. Major companies operating in the military drone market are developing new products such as hybrid unmanned aerial systems to meet larger customer bases, more sales, and increase revenue. A hybrid unmanned aerial system (UAS) refers to a type of drone or unmanned aircraft system that combines multiple propulsion systems or energy sources to enable enhanced operational capabilities.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), Kratos Defense & Security Solutions, Inc. NASDAQ: KTOSNASDAQKTOS)(NASDAQ: PRZONASDAQPRZO, Lockheed Martin Corporation (NYSE: LMTNYSE), RTX Corporation (NYSE: RTXRTX).

SAN DIEGO, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in Defense, National Security and Global Markets, announced today a $34,856,449 award modification to a previously awarded cost-plus-fixed-fee contract from the U.S. Marine Corps. The expanded scope is to support the XQ-58A Unmanned Aerial Systems mission systems and subsystems integration for the Marine Air-Ground Task Force Unmanned Aerial System Expeditionary (MUX) Tactical Aircraft (TACAIR).

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

PALM BEACH, Fla., Jan. 02, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The global military drone market is an active market around the world. Recent reports show that the growth is predicted to continue to grow through 2030. One report says that the degree of innovation in the market is high. This is driven by continuous advancements in artificial intelligence, sensor technologies, and autonomous systems, which are significantly enhancing the capabilities of military drones. Furthermore, the ongoing development of swarm technologies and counter-drone measures highlights the dynamic and cutting-edge nature of this market, as militaries worldwide invest heavily in R&D to maintain strategic and technological superiority. The level of mergers and acquisitions in the market is high. “This is primarily due to the strategic need for companies to enhance their technological capabilities and expand their product portfolios to remain competitive. Larger defense contractors are actively acquiring innovative startups and specialized firms to gain access to cutting-edge drone technologies, artificial intelligence, and advanced manufacturing processes. The market has a high level of end user concentration. This is because the primary users of military drones are national defense and security agencies, which constitute a relatively small and specialized customer base. These agencies often have significant purchasing power and specific requirements, leading to a concentrated market where a few key customers dominate demand. In addition, the high costs and complex procurement processes associated with military drones further limit the number of end users, reinforcing the high concentration in this market.” Active Companies in the market today include ZenaTech, Inc. (NASDAQZENA), AeroVironment, Inc. NASDAQ: AVAVNASDAQAVAV)(NASDAQ: SPAINASDAQSPAI, Lockheed Martin (NYSE: LMTNYSE), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOSKTOS).

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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