Friday, May 10, 2024
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms, and systems for United States National Security related customers, allies, and commercial enterprises. Kratos is changing the way breakthrough technologies for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research, and streamlined development processes. At Kratos, affordability is a technology, and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training and combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.kratosdefense.com.
Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Performance Drivers. Contributing to the first quarter’s strong performance included particularly solid performance in unmanned systems, air defense, propulsion systems, turbine technologies, and the microwave electronics businesses, as well as production and delivery on certain programs that were executed earlier in the year than initially expected.
Events Favor Kratos. With the federal budget finally passed, increased funding has been allocated to areas which are right in Kratos’ sweet spot while ongoing world events, especially in the Ukraine and Middle East are highlighting the need for Kratos products, both of which we believe will drive growth for the Company.
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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.