Monday, December 27, 2021

Kratos Defense & Security (KTOS)
Another Major UAS Contract

Kratos Defense & Security Solutions is a National Security technology provider with proprietary expertise in the area of unmanned aerial vehicles, electronics for missile defense systems, electronic warfare systems, satellite control and management systems and support services for emerging naval weapon systems. Commercial and state and local government revenues are about 25% of the total and comprise primarily of critical infrastructure monitoring and protection systems.

Joe Gomes, Senior Research Analyst, 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.

Target UAS Award. On Thursday, Kratos was awarded a $50.9 million contract modification exercising an option to procure 65 BQM-177A Subsonic Aerial Targets, 50 for the Navy, seven for the government of Japan, and eight for the government of Saudi Arabia, as well as associated technical and administrative data in support of full rate production lot three.


On Target.  We had previously mentioned that just in the second half of this year, Kratos could receive awards from the Air Force and Navy for target drones, a confidential program, an international target award, and an engine award. Well, the Air Force, Navy, International, and engine awards have been won. This bodes well for the future …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*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. 

Monday, December 27, 2021

Kratos Defense & Security (KTOS)
Another Major UAS Contract

Kratos Defense & Security Solutions is a National Security technology provider with proprietary expertise in the area of unmanned aerial vehicles, electronics for missile defense systems, electronic warfare systems, satellite control and management systems and support services for emerging naval weapon systems. Commercial and state and local government revenues are about 25% of the total and comprise primarily of critical infrastructure monitoring and protection systems.

Joe Gomes, Senior Research Analyst, 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.

Target UAS Award. On Thursday, Kratos was awarded a $50.9 million contract modification exercising an option to procure 65 BQM-177A Subsonic Aerial Targets, 50 for the Navy, seven for the government of Japan, and eight for the government of Saudi Arabia, as well as associated technical and administrative data in support of full rate production lot three.


On Target.  We had previously mentioned that just in the second half of this year, Kratos could receive awards from the Air Force and Navy for target drones, a confidential program, an international target award, and an engine award. Well, the Air Force, Navy, International, and engine awards have been won. This bodes well for the future …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*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. 

Kratos Receives Initial Approximate $4 Million in Single Award Funding on New C5ISR Program Award with Total Potential $75 Million Program Value

 

SAN DIEGO, 
Nov. 30, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has received the initial, approximate 
$4 million in funding on a new, single award, Command, Control, Communication, Computing, Combat System, Intelligence, Surveillance & Reconnaissance (C5ISR) program, with a total potential program value of approximately 
$75 million, including production. Kratos C5ISR Business is an industry leader in products, systems and solutions supporting unmanned aerial vehicle, space & satellite communications, missile, radar, missile defense, high power directed energy, CBRNE and other C5ISR platforms and systems for national security programs of 
the United States and its allies. Work under this new program award will be performed at secure Kratos production and manufacturing facilities. Due to customer, competitive, security related and other considerations, no additional information will be provided related to this program.

Tom Mills, President of Kratos C5ISR Division, said, “The recapitalization of strategic weapon systems to address peer threats to 
the United States and its allies is driving strong demand for Kratos products and systems, including as related to unmanned aerial systems, satellite communications and missile and radar systems.  We are honored to have received this award from this critical national security related customer.”

Eric DeMarco, President and CEO of Kratos, said, “Kratos is making the internally funded investments required to address our national security customers’ most important and time sensitive requirements, with rapid development and fielding of systems that are technologically advanced and relevant to today’s environment.  We believe that this new, sole source award is representative of Kratos’ – listen to the customer, make the investment and provide the solution – organic growth approach.” 

About Kratos Defense & Security Solutions

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 technology 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, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Kratos Receives Initial Approximate $4 Million in Single Award Funding on New C5ISR Program Award with Total Potential $75 Million Program Value

 

SAN DIEGO, 
Nov. 30, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has received the initial, approximate 
$4 million in funding on a new, single award, Command, Control, Communication, Computing, Combat System, Intelligence, Surveillance & Reconnaissance (C5ISR) program, with a total potential program value of approximately 
$75 million, including production. Kratos C5ISR Business is an industry leader in products, systems and solutions supporting unmanned aerial vehicle, space & satellite communications, missile, radar, missile defense, high power directed energy, CBRNE and other C5ISR platforms and systems for national security programs of 
the United States and its allies. Work under this new program award will be performed at secure Kratos production and manufacturing facilities. Due to customer, competitive, security related and other considerations, no additional information will be provided related to this program.

Tom Mills, President of Kratos C5ISR Division, said, “The recapitalization of strategic weapon systems to address peer threats to 
the United States and its allies is driving strong demand for Kratos products and systems, including as related to unmanned aerial systems, satellite communications and missile and radar systems.  We are honored to have received this award from this critical national security related customer.”

Eric DeMarco, President and CEO of Kratos, said, “Kratos is making the internally funded investments required to address our national security customers’ most important and time sensitive requirements, with rapid development and fielding of systems that are technologically advanced and relevant to today’s environment.  We believe that this new, sole source award is representative of Kratos’ – listen to the customer, make the investment and provide the solution – organic growth approach.” 

About Kratos Defense & Security Solutions

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 technology 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, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Kratos Receives $4.1 Million Unmanned Aerial Vehicle System Award from International Customer

 

SAN DIEGO, 
Nov. 29, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that its Kratos Unmanned Systems Division (KUSD) has recently received a 
$4.1 million contract award from an international customer for high performance, unmanned aerial target drone system aircraft and related services. KUSD is a recognized industry leader in the design and production of affordable, high performance, jet powered, unmanned aerial aircraft and systems for threat representative target drones and tactical applications. Work under this contract award will be performed at secure Kratos manufacturing facilities and at customer locations. Due to competitive, security related, and other considerations, no additional information will be provided related to this contract award.

Steve Fendley, President of KUSD, said, “The recapitalization of strategic weapon systems by 
the United States and its allies is driving significant global demand for Kratos target drone systems, which represent certain leading technology system and platform threats of our peer adversaries.  At Kratos, affordability is a technology, and our high performance target and tactical drone systems are representative of our affordability mission. The broad application set of these drone systems as well as the speed at which they can be developed, produced, modified, and reconfigured creates the high utility / affordable cost ratio, especially as compared to manned systems. The capabilities and performance per cost ratio is highly recognized and appreciated by our established and growing customer base.”

About Kratos Defense & Security Solutions

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 technology 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, combat systems and next generation turbo jet and turbo fan engine development. For more information, please visit www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Kratos Receives $4.1 Million Unmanned Aerial Vehicle System Award from International Customer

 

SAN DIEGO, 
Nov. 29, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that its Kratos Unmanned Systems Division (KUSD) has recently received a 
$4.1 million contract award from an international customer for high performance, unmanned aerial target drone system aircraft and related services. KUSD is a recognized industry leader in the design and production of affordable, high performance, jet powered, unmanned aerial aircraft and systems for threat representative target drones and tactical applications. Work under this contract award will be performed at secure Kratos manufacturing facilities and at customer locations. Due to competitive, security related, and other considerations, no additional information will be provided related to this contract award.

Steve Fendley, President of KUSD, said, “The recapitalization of strategic weapon systems by 
the United States and its allies is driving significant global demand for Kratos target drone systems, which represent certain leading technology system and platform threats of our peer adversaries.  At Kratos, affordability is a technology, and our high performance target and tactical drone systems are representative of our affordability mission. The broad application set of these drone systems as well as the speed at which they can be developed, produced, modified, and reconfigured creates the high utility / affordable cost ratio, especially as compared to manned systems. The capabilities and performance per cost ratio is highly recognized and appreciated by our established and growing customer base.”

About Kratos Defense & Security Solutions

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 technology 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, combat systems and next generation turbo jet and turbo fan engine development. For more information, please visit www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Kratos Awarded $12 Million Contract to Provide Satellite Command and Control System Products and Sustainment

 

SAN DIEGO, 
Nov. 24, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has received a delivery order valued at 
$12 million for satellite and communication system products, hardware and equipment. This is against a previously awarded contract.

This award is for mission activity and maneuver planning, telemetry processing, commanding, orbit and attitude management, resource management, space vehicle and ground system simulation, security, support planning and execution, training and testing.  The award will enable and sustain new capabilities such as virtualization, additional satellite constellation capacity and cybersecurity enhancements. Satellite state-of-health operations include launch, early orbit, on-orbit, anomaly resolution, disposal, and backup operations. 

“Kratos continues support to the 
U.S. military with products and tailored solutions for protected, resilient military satellite operations,” said  Phil Carrai, President of the Kratos Space, Training and Cyber Division. “During this time of increasingly congested and contested space operations, Kratos is uniquely able to provide a mix of cutting-edge technical solutions, products and services to support mission-specific requirements of defense applications.”

Eric DeMarco, Kratos President and CEO, said, “Kratos’ strategy is to be a disruptive change agent to the national security industry by rapidly providing first to market, affordable, leading technology systems, products and solutions to our customers. Kratos OpenSpace satellite ground system products and our global, Kratos-owned and operated space domain awareness system are uniquely positioned to address the large and growing space and satellite market opportunity, including a large and growing total addressable market and the forecast tens of thousands of additional government and commercial satellites expected to be placed in orbit by the end of the decade.”

Due to customer related and other considerations, no additional information will be provided related to this contract award.

About Kratos Defense & Security Solutions

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 technology 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, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct
Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Kratos Awarded $12 Million Contract to Provide Satellite Command and Control System Products and Sustainment

 

SAN DIEGO, 
Nov. 24, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has received a delivery order valued at 
$12 million for satellite and communication system products, hardware and equipment. This is against a previously awarded contract.

This award is for mission activity and maneuver planning, telemetry processing, commanding, orbit and attitude management, resource management, space vehicle and ground system simulation, security, support planning and execution, training and testing.  The award will enable and sustain new capabilities such as virtualization, additional satellite constellation capacity and cybersecurity enhancements. Satellite state-of-health operations include launch, early orbit, on-orbit, anomaly resolution, disposal, and backup operations. 

“Kratos continues support to the 
U.S. military with products and tailored solutions for protected, resilient military satellite operations,” said  Phil Carrai, President of the Kratos Space, Training and Cyber Division. “During this time of increasingly congested and contested space operations, Kratos is uniquely able to provide a mix of cutting-edge technical solutions, products and services to support mission-specific requirements of defense applications.”

Eric DeMarco, Kratos President and CEO, said, “Kratos’ strategy is to be a disruptive change agent to the national security industry by rapidly providing first to market, affordable, leading technology systems, products and solutions to our customers. Kratos OpenSpace satellite ground system products and our global, Kratos-owned and operated space domain awareness system are uniquely positioned to address the large and growing space and satellite market opportunity, including a large and growing total addressable market and the forecast tens of thousands of additional government and commercial satellites expected to be placed in orbit by the end of the decade.”

Due to customer related and other considerations, no additional information will be provided related to this contract award.

About Kratos Defense & Security Solutions

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 technology 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, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct
Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Growth Continues for Kratos OpenSpace quantum and SpectralNet Products in Q3 Supporting Digital Transformation of Satellite Ground Systems

 

Strong Adoption in Support of Government, Defense and Intelligence Applications Continues Momentum

SAN DIEGO, 
Nov. 23, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it closed sales of its OpenSpace™ quantum™ and OpenSpace SpectralNet® products to 23 customers, supporting the satellite industry’s continued movement toward dynamic, virtualized ground systems.

Kratos’ OpenSpace family of solutions help satellite operators move their network systems from traditional hardware to more dynamic, flexible and scalable architectures that are more responsive to service level agreements, mission goals and changing operating conditions.

Sales of quantum and SpectralNet products to commercial operators remained strong in Q3, and were particularly strong to customers supporting 
U.S. defense and intelligence programs as well as government projects for other nations.

Blue Canyon Technologies, a leading manufacturer of small satellites and provider of mission services based in 
Lafayette, Colorado, has been using quantum products in support of more than a dozen of its defense and commercial customers for some time, purchasing additional units this quarter to support its customers. “OpenSpace quantum products provide scale and economic advantages,” said  Stephen Steg, CEO of Blue Canyon Technologies. “We can install and configure them quickly and reconfigure rapidly when changes are needed to support multiple missions.”

Kratos’ OpenSpace family of solutions includes three product lines: OpenSpace SpectralNet® for digital IF conversion; OpenSpace quantum™ for replacing individual hardware components with virtualized equivalents; and the OpenSpace Platform for fully dynamic, service-oriented, orchestrated satellite ground network operations. The OpenSpace family enables customers the flexibility to realize their path to digital transformation at the level and pace that meets their unique mission goals and business models. For more information on Kratos’ OpenSpace family of dynamic ground solutions, visit https://www.KratosDefense.com/OpenSpace.

About Kratos Defense & Security Solutions

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 technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Growth Continues for Kratos OpenSpace quantum and SpectralNet Products in Q3 Supporting Digital Transformation of Satellite Ground Systems

 

Strong Adoption in Support of Government, Defense and Intelligence Applications Continues Momentum

SAN DIEGO, 
Nov. 23, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it closed sales of its OpenSpace™ quantum™ and OpenSpace SpectralNet® products to 23 customers, supporting the satellite industry’s continued movement toward dynamic, virtualized ground systems.

Kratos’ OpenSpace family of solutions help satellite operators move their network systems from traditional hardware to more dynamic, flexible and scalable architectures that are more responsive to service level agreements, mission goals and changing operating conditions.

Sales of quantum and SpectralNet products to commercial operators remained strong in Q3, and were particularly strong to customers supporting 
U.S. defense and intelligence programs as well as government projects for other nations.

Blue Canyon Technologies, a leading manufacturer of small satellites and provider of mission services based in 
Lafayette, Colorado, has been using quantum products in support of more than a dozen of its defense and commercial customers for some time, purchasing additional units this quarter to support its customers. “OpenSpace quantum products provide scale and economic advantages,” said  Stephen Steg, CEO of Blue Canyon Technologies. “We can install and configure them quickly and reconfigure rapidly when changes are needed to support multiple missions.”

Kratos’ OpenSpace family of solutions includes three product lines: OpenSpace SpectralNet® for digital IF conversion; OpenSpace quantum™ for replacing individual hardware components with virtualized equivalents; and the OpenSpace Platform for fully dynamic, service-oriented, orchestrated satellite ground network operations. The OpenSpace family enables customers the flexibility to realize their path to digital transformation at the level and pace that meets their unique mission goals and business models. For more information on Kratos’ OpenSpace family of dynamic ground solutions, visit https://www.KratosDefense.com/OpenSpace.

About Kratos Defense & Security Solutions

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 technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Kratos Partners with RPS Defense for Tactical UAS Operational and Maintenance Services

 

SAN DIEGO, 
Nov. 16, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance unmanned systems, announced today that 
Kratos Unmanned Aerial Systems (KUAS), a unit of the Kratos Unmanned Systems Division, has exclusively partnered with RPS Defense (RPS) to provide a range of operational and maintenance services to support Kratos Tactical UAS and the corresponding technologies during the transition of these systems from prototype and demonstration to real-world military operations.

Blake Stovall, CEO of RPS Defense, said, “We are excited to support and team with Kratos as they demonstrate and field transformational combat capabilities. We have a trusted partnership with Kratos’ leadership and share the same commitment to delivering performance and value to our customers. The disruptive technologies that Kratos brings to the fight, coupled with RPS Defense’s operational expertise and diverse service offerings, go hand-in-hand to deliver the next generation of combat capabilities to our customers.”

Steve Fendley, President of Kratos Unmanned Systems Division, said, “Part of our recipe for success at Kratos is key and effective partnerships. As a mid-tier prime, we complement our areas of expertise with that of our best-in-class partners to be able to offer best-in-class systems and services, always with affordability as a threshold criteria. RPS is an industry leader in tactical UAS operations and maintenance across the globe and the range of mission types—especially challenging operational scenarios. Our partnership enables Kratos to optimize its systems and operations for the ultimate purpose: to support and protect the warfighter.”

RPS Defense (www.rpsdefense.com) is a recognized and field-proven military services provider, headquartered in 
Dallas, TX, that has supported and flown hundreds of thousands of hours of combat C5ISR missions across a variety of unmanned platforms for the US government and other customers. Since its founding in 2013, RPS has grown significantly and supported defense programs around the globe through fielded operations, intelligence, test and development, combat training, and aircraft maintenance and munition services. Every day, RPS Defense supports the execution of ISR missions, capturing valuable data that informs strategic decisions and saves lives. Through its growth, the company’s vision has remained to provide its customers with the highest levels of support in the pursuit of becoming leaders in comprehensive aviation services.

Kratos Unmanned Aerial Systems is an industry leader in the rapid design, manufacture, and delivery of affordable, high-performance jet drone systems. Kratos’ high-performance drones are designed to satisfy 
DoD missions as threat representative aerial aircraft / cruise missile targets to exercise weapon, radar, and other systems; and tactical aerial drone systems for strike / ISR and force multiplication missions. The company is vertically integrated, possessing the technical expertise to design, build, operate, and control some of the world’s most advanced unmanned platforms.

About Kratos Defense & Security Solutions

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 technology 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, combat systems and next generation turbo jet and turbo fan engine development. For more information, please visit www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Kratos Partners with RPS Defense for Tactical UAS Operational and Maintenance Services

 

SAN DIEGO, 
Nov. 16, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance unmanned systems, announced today that 
Kratos Unmanned Aerial Systems (KUAS), a unit of the Kratos Unmanned Systems Division, has exclusively partnered with RPS Defense (RPS) to provide a range of operational and maintenance services to support Kratos Tactical UAS and the corresponding technologies during the transition of these systems from prototype and demonstration to real-world military operations.

Blake Stovall, CEO of RPS Defense, said, “We are excited to support and team with Kratos as they demonstrate and field transformational combat capabilities. We have a trusted partnership with Kratos’ leadership and share the same commitment to delivering performance and value to our customers. The disruptive technologies that Kratos brings to the fight, coupled with RPS Defense’s operational expertise and diverse service offerings, go hand-in-hand to deliver the next generation of combat capabilities to our customers.”

Steve Fendley, President of Kratos Unmanned Systems Division, said, “Part of our recipe for success at Kratos is key and effective partnerships. As a mid-tier prime, we complement our areas of expertise with that of our best-in-class partners to be able to offer best-in-class systems and services, always with affordability as a threshold criteria. RPS is an industry leader in tactical UAS operations and maintenance across the globe and the range of mission types—especially challenging operational scenarios. Our partnership enables Kratos to optimize its systems and operations for the ultimate purpose: to support and protect the warfighter.”

RPS Defense (www.rpsdefense.com) is a recognized and field-proven military services provider, headquartered in 
Dallas, TX, that has supported and flown hundreds of thousands of hours of combat C5ISR missions across a variety of unmanned platforms for the US government and other customers. Since its founding in 2013, RPS has grown significantly and supported defense programs around the globe through fielded operations, intelligence, test and development, combat training, and aircraft maintenance and munition services. Every day, RPS Defense supports the execution of ISR missions, capturing valuable data that informs strategic decisions and saves lives. Through its growth, the company’s vision has remained to provide its customers with the highest levels of support in the pursuit of becoming leaders in comprehensive aviation services.

Kratos Unmanned Aerial Systems is an industry leader in the rapid design, manufacture, and delivery of affordable, high-performance jet drone systems. Kratos’ high-performance drones are designed to satisfy 
DoD missions as threat representative aerial aircraft / cruise missile targets to exercise weapon, radar, and other systems; and tactical aerial drone systems for strike / ISR and force multiplication missions. The company is vertically integrated, possessing the technical expertise to design, build, operate, and control some of the world’s most advanced unmanned platforms.

About Kratos Defense & Security Solutions

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 technology 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, combat systems and next generation turbo jet and turbo fan engine development. For more information, please visit www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Thursday, November 11, 2021

Vectrus (VEC)
Overall Strong 3Q21 Results

Vectrus Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offer facility and logistics services and information technology and network communications services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations and others.

Joe Gomes, Senior Research Analyst, 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.

3Q21 Results. Vectrus’ 3Q21 revenue was $459.4 million, up 30.4% y-o-y, with organic growth of 13%. Adjusted EBITDA was $20.5 million, up from $17.0 million last year. EPS was $0.87 compared to $0.88, while adjusted EPS was $1.15 in 3Q21 versus $0.89 last year. We had forecast revenue of $434 million, adjusted EBITDA of $19.1 million, and EPS of $0.79.


INDOPACOM.  Vectrus is beginning to see the positive impact of the INDOPACOM AOR. The Company recently received an 8-year contract in the Philippines and recently completed the pre-transition site survey for the Kwajalein task order. Revenue from Asia jumped 686.3% to $21.9 million in the quarter, with INDOPACOM accounting for approximately 5% of overall revenue, up from 1% in the same period last …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*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.