Category: Aerospace and Defense

Release – V2X Delivers First Quarter Results and Reaffirms Full-Year Guidance

Posted on by aweinsoff@channelchek.com
V2X (PRNewsfoto/V2X, Inc.)

Research News and Market Data on VVX

May 05, 2025

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First Quarter Highlights

  • Revenue of $1.02 billion with +10% y/y growth in Indo-Pacific region
  • Net income of $8.1 million; Adjusted net income1 of $31.5 million, up 10% y/y
  • Adjusted EBITDA1 of $67.0 million, with a margin of 6.6%
  • Diluted EPS of $0.25; Adjusted diluted EPS1 of $0.98, up 9% y/y
  • Enhanced capital structure to generate interest expense savings and cash flow
  • Notable progress on new Foreign Military and International Sales opportunities

RESTON, Va., May 5, 2025 /PRNewswire/ — V2X, Inc. (NYSE:VVX) announced first quarter 2025 financial results.

“The overall trends in our market remain positive and are being driven by customer requirements to improve deterrence, enhance readiness, and strengthen national security,” said Jeremy C. Wensinger, President and Chief Executive Officer. “We are performing well as V2X possesses the unique full lifecycle, mission driven solutions to deliver on these requirements. The V2X value proposition is being recognized by customers and is demonstrated by our recent wins and extensions, which provide substantial visibility for the next several years.”

Mr. Wensinger continued, “V2X is in an enviable position with strong visibility, differentiated capabilities, and a robust geographic footprint. We are capitalizing on this position by increasing bid velocity. Additionally, the foreign military sales and international markets continue to represent a large and growing addressable opportunity to deliver more solutions across locations in which we already operate. These customers know V2X, they trust V2X, and see the benefit of our solutions. Our focused engagement strategy and visible presence is yielding substantial traction on several nearer-term opportunities that align exactly to our core capabilities.”

Mr. Wensinger concluded, “We continue to execute in a dynamic market, bringing the whole of V2X to meet our customers critical mission requirements. It’s our employees that make this possible and I’d like to recognize their commitment and contributions.”

First Quarter 2025 Results

“V2X reported revenue of $1.02 billion in the quarter, with 10% year-over-year growth in the Indo-Pacific region,” said Shawn Mural, Senior Vice President and Chief Financial Officer. “We are pleased with our performance and start to the year, particularly in light of the overall market environment. We remain on track to achieve our commitments and are confident in the strength and resiliency of our business model that generates strong, predictable cash flow.”   

“For the quarter, the Company reported operating income of $34.3 million and adjusted operating income1 of $61.5 million. V2X delivered adjusted EBITDA1 of $67.0 million, with a margin of 6.6%. Net income for the quarter was $8.1 million dollars, up from $1.1 million dollars from the prior year. Adjusted net income1 was $31.5 million dollars, increasing 10% year-over-year. First quarter GAAP diluted EPS was $0.25. Adjusted diluted EPS1 for the quarter was $0.98, increasing 9% year-over-year.”

Mr. Mural continued, “During the quarter we continued to demonstrate our steadfast commitment to increasing shareholder value by making further enhancements to our capital structure. Our strong fundamental profile and consistent financial performance created a compelling opportunity to reprice and extend both our revolver and Term Loan A.”

Reaffirming 2025 Guidance

Mr. Mural concluded, “The trends and demand signals in our business remain positive and we believe our strategy, visibility, and targeted growth opportunities will yield value creation. Given our performance in the first quarter and current trends, the Company is reaffirming guidance for 2025.”

Guidance is as follows:

$ millions, except for per share amounts2025 Guidance2025 Mid-Point
Revenue$4,375$4,500$4,438
Adjusted EBITDA1$305$320$313
Adjusted Diluted Earnings Per Share1$4.45$4.85$4.65
Adjusted Net Cash Provided by Operating Activities1$150$170$160

The Company is not providing a quantitative reconciliation with respect to the foregoing forward-looking non-GAAP measures in reliance on the “unreasonable efforts” exception set forth in SEC rules because certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated. For example, unusual, one-time, non-ordinary, or non-recurring costs, which relate to M&A, integration and related activities cannot be reasonably estimated. Forward-looking statements are based upon current expectations and are subject to factors that could cause actual results to differ materially from those suggested here, including those factors set forth in the Safe Harbor Statement below. 

First Quarter Conference Call

Management will conduct a conference call with analysts and investors at 4:30 p.m. ET on Monday, May 5, 2025. U.S.-based participants may dial in to the conference call at 877-300-8521, while international participants may dial 412-317-6026. A live webcast of the conference call as well as an accompanying slide presentation will be available here: https://app.webinar.net/0pq4wxEAbDQ    

A replay of the conference call will be posted on the V2X website shortly after completion of the call and will be available for one year. A telephonic replay will also be available through May 19, 2025, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 10198194. 

Presentation slides that will be used in conjunction with the conference call will also be made available online in advance on the “investors” section of the company’s website at https://gov2x.com. V2X recognizes its website as a key channel of distribution to reach public investors and as a means of disclosing material non-public information to comply with its obligations under the U.S. Securities and Exchange Commission (“SEC”) Regulation FD.

1   See “Key Performance Indicators and Non-GAAP Financial Measures” for descriptions and reconciliations.

About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.

Investor ContactMedia Contact
Mike Smith, CFAAngelica Spanos Deoudes
IR@goV2X.comCommunications@goV2X.com
719-637-5773571-338-5195

Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 (the “Act”): Certain material presented herein includes forward-looking statements intended to qualify for the safe harbor from liability established by the Act.

Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “could,” “potential,” “continue” or similar terminology. These statements are based on the beliefs and assumptions of the management of the Company based on information currently available to management. Forward-looking statements in this press release, include, but are not limited to our future performance and capabilities; all of the statements and items listed under “Reaffirming 2025 Guidance” above and other assumptions contained therein for purposes of such guidance; our belief that prior performance provides substantial visibility for future performance; market trends; our expectations that the foreign military sales and international markets represent a large and growing addressable opportunity; and our belief that our strategy, visibility, and targeted growth opportunities provide substantial opportunities for value creation.

These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside our management’s control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.  In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections. For a discussion of some of the risks and uncertainties that could cause actual results to differ from such forward-looking statements, see the risks and other factors detailed from time to time in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the SEC.

View the full release here.

Release – Graham Corporation Announces Strategic Investment by Customer to Enhance Production Capabilities in Batavia

Posted on by slightbourne@noblecapitalmarkets.com

Research News and Market Data on Graham Corporation

May 01, 2025 8:30am EDT

BATAVIA, N.Y.–(BUSINESS WIRE)– Graham Corporation (NYSE: GHM) (“GHM” or “the Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer, and vacuum technologies for the defense, space, energy, and process industries, today announced a strategic investment to support the implementation of new Radiographic Testing (“RT”) equipment at Graham’s Batavia, New York facility.

The investment of $2.2 million, from one of GHM’s customers, will enhance the Company’s capabilities in evaluating critical welds in support of the Columbia and Virginia class submarine programs. As part of the investment, Graham will also contribute $1.4 million for a total project cost of $3.6 million.

Daniel J. Thoren, CEO commented, “This strategic investment in RT equipment represents our commitment to delivering the highest quality components for critical naval defense programs. The upgraded RT capabilities at our Batavia facility is expected to significantly enhance our production efficiency while ensuring superior quality control for the vital welds that support the Columbia and Virginia class submarine programs. We’re grateful for our customer’s commitment to drive enhanced manufacturing infrastructure and are excited to continue our partnership.”

The strategic investment creates opportunities to support future, multi-year orders with potential enhanced revenue expected to begin in calendar year 2026.

This agreement builds upon previously announced investments by partners, including $13.5 million to expand defense production capabilities in Batavia in August 2023 and $2.1 million by the BlueForge Alliance in July 2024 to expand Graham’s welder training program in support of the U.S. Navy’s Submarine Industrial Base initiatives.

About Graham Corporation

Graham is a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy, and process industries. Graham Corporation and its family of global brands are built upon world-renowned engineering expertise in vacuum and heat transfer, cryogenic pumps, and turbomachinery technologies, as well as its responsive and flexible service and the unsurpassed quality customers have come to expect from the Company’s products and systems. Graham Corporation routinely posts news and other important information on its website, grahamcorp.com, where additional information on Graham Corporation and its businesses can be found.

Safe Harbor Regarding Forward Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “continue,” “expects,” “future,” “will,” and other similar words. All statements addressing operating performance, events, or developments that Graham Corporation expects or anticipates will occur in the future, including but not limited to, expected expansion and growth opportunities, and expected benefits from the implementation of new RT equipment, are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Graham Corporation’s most recent Annual Report filed with the Securities and Exchange Commission (the “SEC”), included under the heading entitled “Risk Factors”, and in other reports filed with the SEC.

Should one or more of these risks or uncertainties materialize or should any of Graham Corporation’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Graham Corporation’s forward-looking statements. Except as required by law, Graham Corporation disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.

For more information, contact:
Christopher J. Thome
Vice President – Finance and CFO
Phone: (585) 343-2216

Tom Cook
Investor Relations
Phone: (203) 682-8250
tom.cook@icrinc.com

Source: Graham Corporation

Released May 1, 2025

Release – Kratos Defense & Security Solutions Schedules First Quarter 2025 Earnings Conference Call for Wednesday, May 7th

Posted on by slightbourne@noblecapitalmarkets.com

Research News and Market Data for Kratos

SAN DIEGO, April 28, 2025 (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 publish financial results for the first quarter 2025 after the close of market on Wednesday, 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).

The call will be available at www.kratosdefense.com. Participants may register for the call using this Online Form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that can be used to access the call. For those who cannot access the live broadcast, a replay will be available on Kratos’ website.

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets.  Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements.  At Kratos, affordability is a technology, and we seek to utilize proven, leading edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions.  We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low cost future manufacturing which is a value add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers.  Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter.  For more information, visit www.KratosDefense.com.

Press Contact:
Claire Burghoff
claire.burghoff@kratosdefense.com

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

Release – V2X Awarded $103 Million U.S. Navy Contract for C-26 Support, Extending Legacy as a Readiness Multiplier

Posted on by slightbourne@noblecapitalmarkets.com

Research News and Market Data on V2X

April 28, 2025

RESTON, Va., April 28, 2025 /PRNewswire/ — V2X (NYSE: VVX) Inc., has been awarded a $103 million contract by the U.S. Navy for Contractor Logistics Support (CLS) maintenance of C-26 aircraft, reinforcing V2X’s role as the best-value provider for this critical mission.

Under this contract, V2X will continue providing comprehensive CLS support, including aircraft engineering, upgrades maintenance and modifications.

“This award highlights the Navy’s continued confidence in V2X’s proven ability to deliver mission-capable aircraft with exceptional performance,” said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. “With a longstanding history of supporting Navy aviation, this contract reaffirms our commitment to providing mission-ready aircraft that enhance operational readiness worldwide.”

“With readiness rates north of 90%, V2X consistently delivers mission-capable aircraft while managing all aspects of maintenance, personnel, and equipment,” said Vinny Caputo, Senior Vice President of Aerospace Systems at V2X. “A key differentiator in V2X’s offering is our numerous FAA Part 145 repair stations, which are readiness multipliers,” Caputo added. 

Work for this firm-fixed-price contract is expected to begin in June 2025, supporting eight C-26A/D aircraft stationed at four main operating bases, including one U.S. location and three international sites.

About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,100 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.

Investor Contact 
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
IR@goV2X.com
719-637-5773

Media Contact
Angelica Spanos Deoudes
Senior Director, Marketing and Communications
Angelica.Deoudes@goV2X.com
571-338-5195

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SOURCE V2X, Inc.

Release – Kratos Expands Deployment of Automated Truck Platooning Technology in Ohio and Indiana in Partnership with DriveOhio, INDOT, and EASE Logistics

Posted on by aweinsoff@channelchek.com

Research News and Market Data on KTOS

April 22, 2025 at 8:00 AM EDT

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SAN DIEGO, April 22, 2025 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets, today announced the continued expansion and operational deployment of its automated truck platooning systems in Ohio and Indiana.

Building upon the company’s March 2024 announcement of a contract to deploy its self-driving platooning technology between Ohio and Indiana along a major trucking corridor, this new milestone marks the success of Kratos’ autonomous trucks on I-70 automated driving deployment project, supported by the U.S. Department of Transportation, DriveOhio, and the Indiana Department of Transportation (INDOT). The initiative’s goal is to advance the adoption of truck automation technologies in the logistics industry across the Midwest.

“At Kratos, we have adapted advanced automated truck platooning technology, originally developed for the U.S. military, to address critical challenges facing commercial logistics, agriculture, energy, and mining sectors, all vital to national security,” said Maynard Factor, VP of Business Development at Kratos Defense. “This project offers a real-world opportunity to demonstrate how proven, automated-driving systems can increase safety, strengthen supply chain resilience, and ensure economic vitality. Operating along the I-70 corridor between Ohio and Indiana enables us to showcase performance in complex, all-weather conditions essential to Midwest freight operations and accelerates readiness for broad adoption. This marks a significant step forward in bringing scalable, next-generation automation to the industries that keep the nation moving.”

The deployment in Ohio and Indiana exemplifies Kratos’ long-standing strategy of leveraging dual-use technologies, originally developed for national security, into cost-effective, high-impact commercial and public infrastructure applications. These efforts multiply the value of internal research and development investments, facilities, and platforms across both sectors.

Kratos’ Leader-Follower platooning capability – where a human-driven lead truck is paired with an automated follower – has been deployed in the U.K. and across the U.S., with multiple systems deployed in states that include Colorado, California, Florida, Minnesota, Missouri, North Dakota, Ohio, Indiana, Oklahoma, Wisconsin, and Tennessee. These systems are proven adaptable to multiple national security adjacent industries from infrastructure maintenance to commercial supply chain operations increasing safety and maintaining business continuity.

Kratos’ automated platooning systems deliver transformative benefits across both the defense and commercial sectors. This proven technology addresses critical challenges to include the national truck driver shortage, a persistent bottleneck to supply chain resilience. Additionally, unlike human operators, the system does not suffer from fatigue or impairment, enhancing safety for the traveling public and offering the potential to lower insurance costs through improved predictability and reduced risk. In defense and industrial applications, these vehicles can protect lives by removing personnel from hazardous missions and maintain operational effectiveness in GPS-denied or harsh environments, critical for remote military and logistics operations.

Kratos is recognized as a national leader in unmanned systems, with a portfolio spanning tactical and target jet drones, unmanned ground vehicles (UGVs) for military applications, and autonomous commercial trucks. From high-performance platforms like the XQ-58A Valkyrie to autonomous ground systems used in infrastructure maintenance and supply chain industries, Kratos brings decades of innovation and operational expertise to the unmanned domain. Each system is designed to meet the exacting standards of U.S. and allied defense requirements while enabling cross-over potential for commercial use cases—making Kratos a pioneer in delivering dual-use, high-value unmanned solutions at scale.

For more information on Kratos’ autonomous vehicle programs, visit: www.kratosdefense.com.

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, advanced vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, 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 29, 2024, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Claire Burghoff
claire.burghoff@kratosdefense.com 

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

Primary Logo

Source: Kratos Defense & Security Solutions, Inc.

Release – V2X Names Melon Yeshoalul To Chief Human Resources Officer

Posted on by aweinsoff@channelchek.com

Research News and Market Data on VVX

April 21, 2025

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RESTON, Va., April 21, 2025 /PRNewswire/ — V2X (NYSE: VVX) has named Melon Yeshoalul to Senior Vice President, Chief Human Resources Officer effective April 21, 2025. In this role, she will be responsible for the company’s global human resources strategy and operations including talent management, recruitment, leadership development, and compensation and benefits. She will join the executive team and report directly to President and Chief Executive Officer, Jeremy C. Wensinger.

“As we continue to scale globally and invest in the growth of our people, Melon brings the right combination of experience and leadership to help shape the future of our workforce,” said Wensinger. “She is deeply committed to building strong cultures and high-performing teams, and I am confident she will elevate our employee experience and strengthen our position as an employer of choice.”

Bringing more than two decades of experience, Yeshoalul has established herself as a leading professional in recruiting, compensation, and HR business partnering. Most recently, she served in a senior leadership role at Amazon Web Services (AWS), where she helped deliver scalable talent and operations programs to support rapid growth and organizational effectiveness. Prior to AWS, she held top HR leadership positions at DXC Technology, PwC, and The Boeing Company.

“I’m thrilled to join V2X at such an exciting time in its evolution,” said Yeshoalul. “This is a company that is mission-driven, people-first, and poised for extraordinary growth. I look forward to working across the enterprise to unlock the potential of our talent, foster innovation, and drive a culture of excellence worldwide.”

Yeshoalul earned a bachelor’s degree from the State University of New York at Buffalo.

About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.

Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
IR@goV2X.com
719-637-5773

Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
Angelica.Deoudes@goV2X.com
571-338-5195

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/v2x-names-melon-yeshoalul-to-chief-human-resources-officer-302432972.html

SOURCE V2X, Inc.

Release – Kratos Receives Approximate $30 Million Sole Source Air Defense System Hardware Production Award

Posted on by aweinsoff@channelchek.com

Research News and Market Data on KTOS

April 17, 2025 at 8:00 AM EDT

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SAN DIEGO, April 17, 2025 (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 received an approximate $30 million Sole Source Air Defense System Hardware Production award.  Kratos is an industry leading designer, engineer and manufacturer of military grade hardware, at quantity, in support of United States air defense, hypersonic, propulsion, high-performance jet drones and other mission critical National Security related systems.  Work under this production award will be performed at a secure Kratos manufacturing facility.   Due to competitive, security related and other considerations, no additional information will be provided related to this award.

Eric DeMarco, President and CEO of Kratos, said, “Kratos is a recognized industry leader in designing, engineering and manufacturing military grade hardware for weapon systems—systems that have to work every time for our warfighters, partners and customers.  Kratos’ C5ISR business unit is currently under contract and in large scale production on multiple hypersonic, missile, radar, and air defense related systems, including this program award we announced today. Our entire Company is proud to have been selected to produce and provide this critical air defense system hardware for this United States National Security customer.”

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low cost future manufacturing which is a value add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, 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 29, 2024, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Claire Burghoff
claire.burghoff@kratosdefense.com

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

Primary Logo

Source: Kratos Defense & Security Solutions, Inc.

Release – V2X to Announce First Quarter 2025 Financial Results

Posted on by aweinsoff@channelchek.com

Research News and Market Data on VVX

April 17, 2025

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RESTON, Va., April 17, 2025 /PRNewswire/ — V2X, Inc., (NYSE: VVX), a leading provider of global mission solutions, will report first quarter 2025 financial results on Monday, May 5, 2025, after market close. Senior management will conduct a conference call at 4:30 p.m. ET that same day.

V2X (PRNewsfoto/V2X, Inc.)

U.S.-based participants may dial in to the conference call at 877-300-8521, while international participants may dial 412-317-6026. A live webcast of the conference call as well as an accompanying slide presentation will be available at https://app.webinar.net/0pq4wxEAbDQ and on the Investors section of the V2X website at https://gov2x.com/.

A replay of the conference call will be posted on the V2X website shortly after completion of the call and will be available for one year. A telephonic replay will also be available through May 19, 2025, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 10198194.  

About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.

Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
IR@goV2X.com
719-637-5773

Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
Angelica.Deoudes@goV2X.com
571-338-5195

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SOURCE V2X, Inc.

Release – V2X Delivering Critical Support to U.S. Missile Defense and Space Surveillance Capabilities

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V2X (PRNewsfoto/V2X, Inc.)

Research News and Market Data on VVX

April 08, 2025

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RESTON, Va., April 8, 2025 /PRNewswire/ — V2X Inc. (NYSE: VVX), has been awarded a $62 million contract to continue its critical work ensuring operational readiness of the COBRA DANE radar system in Alaska. This award solidifies V2X’s position as a leading provider of operational readiness, capability enhancements, and engineering support for COBRA DANE, an extremely powerful and sophisticated radar in the U.S. Space Force arsenal.

“V2X has been the trusted partner in ensuring the continuous operational readiness of COBRA DANE,” said Jeremy C. Wensinger, President and Chief Executive Officer of V2X. “Additionally, V2X has incorporated various engineering enhancement to this essential system, extending its capabilities and readiness. This full-spectrum support emphasizes our differentiated capabilities in radar operations, readiness, and commitment to supporting national security by providing persistent space domain awareness and missile defense.”  

Standing 120 feet tall with a 95-foot diameter phased-array face, COBRA DANE is a critical component of the nation’s defense architecture. It can detect and track objects up to 2,000 miles away, supporting U.S. Ballistic Missile Defense. Additionally, the radar plays a key role in space domain awareness, identifying and characterizing satellites and debris in Earth’s orbit.

With this contract extension, V2X continues its legacy in providing full-spectrum mission solutions to ensure the continuous readiness of this essential radar system. The extension work is expected to be completed by March 2027.

About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.

Investor Contact 
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
IR@goV2X.com
719-637-5773

Media Contact
Angelica Spanos Deoudes
Senior Director, Marketing and Communications  
Angelica.Deoudes@goV2X.com
571-338-5195

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/v2x-delivering-critical-support-to-us-missile-defense-and-space-surveillance-capabilities-302422743.html

SOURCE V2X, Inc.

Release – V2X to Showcase Readiness Innovations at 2025 Sea-Air-Space Exposition

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V2X (PRNewsfoto/V2X, Inc.)

Research News and Market Data on VVX

April 07, 2025

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RESTON, Va., April 7, 2025 /PRNewswire/ — V2X (NYSE: VVX) will highlight its latest readiness innovations at the 2025 Sea-Air-Space Exposition, hosted by the Navy League of the United States, from April 7–9 at the Prince George’s Exhibit Hall. Attendees can visit V2X at Booth 200 to explore solutions designed to enhance the operational effectiveness of the U.S. Navy, U.S. Marine Corps, and other defense customers. Throughout the event, V2X will feature a range of solutions that advance readiness and meet the evolving demands of modern missions, including:

Weapon System Integration

V2X develops, integrates, and sustains mission-critical weapon system capabilities to enhance combat readiness across airborne platforms. V2X delivers secure, platform-agnostic Weapon System Integration (WSI) solutions, ensuring warfighters can rapidly adapt to emerging threats.

  • Enables enhanced weapons carriage and deployment across fourth- and fifth-generation aircraft.
  • Supports real-time sense, control, and engagement for greater operational effectiveness.

Enhanced Situational Awareness for Air-to-Ground Operations

V2X will also highlight its advanced communications and situational awareness solutions that enable seamless, multi-domain integration on the battlefield.

  • The Gateway Mission Router (GMR) provides secure, real-time connectivity across airborne and ground platforms, delivering a Common Operating Picture for enhanced warfighter situational awareness.
  • GMR integrates with existing platform communications, optimizing data flow while maintaining a low size, weight, power, and cost (SWaP-C) footprint.
  • New capabilities include Wireless Intercom and Maintenance Data Offload, reinforcing V2X’s support for the DoD’s Combined Joint All-Domain Command and Control initiative.

Full-Spectrum Aviation Readiness

With decades of performance, V2X delivers full-spectrum aviation readiness that keeps more than 1,600 aircraft mission-ready—earning top performance scores across the defense aviation industry. By leveraging advanced technologies and data analytics, V2X provides real-time visibility into flight operations, maintenance, readiness, and supply chains. Our vertically integrated capabilities—ranging from organic engineering and rapid prototyping to four FAA-certified Part 145 repair stations—support critical maintenance, upgrades, and modifications that drive industry-leading aircraft availability rates. V2X’s long-standing support of the Navy’s T-45 and C-12 programs underscores its track record of exceeding expectations and delivering measurable readiness gains.

Visit Booth 200 to meet V2X leaders and explore how the company is advancing aviation readiness and reinforcing its commitment to the Navy, Marine Corps, and mission success across the force.

About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.

Investor Contact 
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
IR@goV2X.com
719-637-5773

Media Contact
Angelica Spanos Deoudes
Senior Director, Marketing and Communications  
Angelica.Deoudes@goV2X.com
571-338-5195

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/v2x-to-showcase-readiness-innovations-at-2025-sea-air-space-exposition-302421316.html

SOURCE V2X, Inc.

Release – V2X Announces Successful Repricing and Extension of Term Loan and Revolver

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V2X (PRNewsfoto/V2X, Inc.)

Research News and Market Data on VVX

April 03, 2025

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RESTON, Va., April 3, 2025 /PRNewswire/ — V2X, Inc., (NYSE: VVX), announces it has successfully repriced and extended its $238 million Term Loan A and $500 million Revolving Credit Facility (“Revolver”). As of December 31, 2024, there were no outstanding borrowings on the company’s Revolver.

“I’m pleased to announce further enhancements to our capital structure through a successful repricing and extension of our Term Loan A and Revolver,” said Shawn Mural, Senior Vice President and Chief Financial Officer at V2X.

The amendment includes an updated leverage-based pricing grid, offering over 50 basis points of interest savings compared to the prior grid, as well as an extension of the facility by two years to March 2030.

Mr. Mural continued, “This repricing and extension, which was well oversubscribed, builds on our recent Term Loan B repricing and demonstrates the strength and positioning of our business as well as our ongoing commitment to increasing value for shareholders. I’d like to thank our banking partners for their continued support and confidence in our business.” 

Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 (the “Act”): Certain material presented herein includes forward-looking statements intended to qualify for the safe harbor from liability established by the Act. These forward-looking statements include, but are not limited to, all the statements in this release that are not historical, including, without limitation, interest savings, enhancements to our capital structure, and the strength and positioning of our business.

Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “could,” “potential,” “continue,” “can,” “goal,” “long-term,” “drive,” “next,” and variations of such words and or similar expressions and terminology. These statements are based on the beliefs and assumptions of the management of the Company based on information currently available to management.

These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside our management’s control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections. For a discussion of some of the risks and uncertainties that could cause actual results to differ from such forward-looking statements, see the risks and other factors detailed from time to time in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the SEC.

We do not undertake, and expressly disclaim, any duty or obligation to update any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.

Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
IR@goV2X.com
719-637-5773

Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
Angelica.Deoudes@goV2X.com
571-338-5195

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/v2x-announces-successful-repricing-and-extension-of-term-loan-and-revolver-302419079.html

SOURCE V2X, Inc.

Release – V2X Expands Army Training Support with $921 Million BEST MAC Contract

Posted on by aweinsoff@channelchek.com

Research News and Market Data on VVX

March 26, 2025

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RESTON, Va., March 26, 2025 /PRNewswire/ — V2X (NYSE: VVX) Inc., announced its selection as a winner on the Bridge to Enduring Synthetic Training Environment Tactical Engagement Simulation Systems (TESS) Multiple-Award Contract (BEST MAC) Lot 1. This contract supports the U.S. Army’s TESS devices, a vital component of its live training capabilities, by extending their product life and ensuring they meet the Army’s evolving requirements.

The indefinite-delivery, indefinite-quantity contract includes a ten-year period of performance consisting of a five-year base period and two options (three-year option and a two-year option), with a ceiling value of $921 million.

Under this award, V2X will support the U.S. Army’s TESS products that are designed to enable simulated engagements, either as weapons or targets, during live collective military training exercises. These devices include weapons, vehicles, and aviation systems. Existing TESS must be modified to stay relevant as changes to weapon systems evolve.

“The BEST MAC contract perfectly complements the work we perform under our $3.7 billion Warfighter-Training Readiness Solutions task order,” said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. “Both programs demonstrate our commitment to the warfighter and our expertise in delivering readiness capabilities that enhance Army training and strengthen national security.”

“As the prime contractor for the Army’s largest training services program, V2X is uniquely positioned to deliver superior services that align with BEST MAC future requirements,” said Ken Shreves, Senior Vice President of Mission Support at V2X. “Our dedication to the Army goes beyond operational excellence—we are committed to reinforcing national security through mission-critical initiatives and ensuring troops are prepared worldwide.”

About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.

Investor Contact 
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
IR@goV2X.com
719-637-5773

Media Contact
Angelica Spanos Deoudes
Senior Director, Marketing and Communications  
Angelica.Deoudes@goV2X.com
571-338-5195

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/v2x-expands-army-training-support-with-921-million-best-mac-contract-302411041.html

SOURCE V2X, Inc.

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Release – Kratos Defense & Security Solutions Added to S&P SmallCap 600 Index

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Research News and Market Data on KTOS

March 24, 2025 at 8:00 AM EDT

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SAN DIEGO, March 24, 2025 (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 been added to the S&P SmallCap 600 Index. This milestone reflects Kratos’ continued growth, strong market position, and strategic investments in critical national security capabilities.

The S&P SmallCap 600 Index includes companies that meet specific criteria for financial stability, performance, and market capitalization, representing key players in the small-cap market segment. Kratos’ inclusion in the index underscores the company’s success in driving innovation, affordability, and operational readiness across defense and aerospace domains, including unmanned systems, space, hypersonics, and propulsion technologies.

Kratos Defense & Security Solutions, Inc.

Nasdaq Celebrates KTOS Addition to S&P 600

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1ee888b0-d1f6-4eaf-89f0-e02b65a07bc1.

Eric DeMarco, President and CEO of Kratos, said, “Being added to the S&P SmallCap 600 is a testament to the incredible work of our team and the trust our customers and investors place in Kratos. Our strategy of developing and rapidly fielding disruptive, affordable defense solutions continues to drive our organic growth and market leadership. We are committed to supporting the warfighter with real capabilities, not just concepts, and this recognition further validates our mission.”

Kratos remains focused on delivering cutting-edge defense technologies at an accelerated pace, leveraging its commercial approach to drive affordability and agility in support of the U.S. Department of Defense and allied partners worldwide. For more information about Kratos and its industry-leading solutions, visit www.KratosDefense.com.

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, advanced vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, 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 29, 2024, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Claire Burghoff
claire.burghoff@kratosdefense.com

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

Source: Kratos Defense & Security Solutions, Inc.