Kratos Demonstrates SATCOM Situational Awareness to an Operationally Secure Environment Using Commercial Resources

 

U.S. DoD and allied nations effort included roaming capability, electromagnetic interference support and sharing of data through Unified Data Library (UDL)

SAN DIEGO, 
April 26, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that they were the first to successfully exhibit an integrated SATCOM capability providing real-time Situational Awareness (SA) to an operationally secure environment. The demonstration included roaming among different networks to optimize wideband satellite communications (SATCOM) using Enterprise Management and Control (EM&C). EM&C is an effort by the 
DoD to plan, initiate, monitor and restore rapid, automated access to hybrid satellite constellations and networks, operated by various service providers.

The demonstration was part of a multi-national Joint All Domain Command and Control (JADC2) demonstration hosted by 
U.S. European Command, 
U.S. Air Forces in 
Europe and Air Forces Africa, and the 
Department of the Air Force Chief Architect Office. EM&C capabilities provided by Kratos and its industry partners highlighted a means for providing real-time satellite communication end-to-end connectivity status and operational readiness including spectral data, link and equipment status and detecting/geolocating electromagnetic interference (EMI). The event also highlighted a method to restore satellite service in response to interference and the capability to gather and fuse information from sensors and satellites through the 
Unified Data Library (UDL). The UDL is a 
U.S. government owned, cloud-enabled database accessible by the 
DoD and coalition partners. The capabilities available through EM&C are important as they support real-time warfighter communication across domains in times of war or conflict.

LTC Gary Thompson, Chief, Fighting SATCOM Capability Integration, SMC SATCOM Capability Integrator Office said, “This demonstration of EM&C helped the warfighters better understand the key satellite links used for communication and enabled precision identification, characterization, and troubleshooting of interference along the long-haul communication pathways. In addition, utilization of the UDL allowed the sharing of critical information across the joint forces for timely, fused situational awareness and lethality.”

EM&C is an important strategic goal of the military to effectively operate an integrated SATCOM enterprise by increasing assured SATCOM access for the warfighter with legacy and next-generation terminals. It improves the effectiveness of the DoD’s critical SATCOM infrastructure by enhancing resilience and giving more satellite link choices, reducing resource allocation times and improving bandwidth efficiency. Funding for the recent European demonstration was provided through the Air Force Life Cycle Management Center Advanced Battle Management System (ABMS) Broad Agency Announcement, of which Kratos is an award recipient. Kratos’ partnered with 
Knight Sky, LLC for terminal and 
Gateway equipment supporting the Flexible Terminal Interface (FTI), and 
SES Government Solutions (SES GS) to provide SATCOM capacity.

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 Approximately $30 Million to Support Space-Related National Security Efforts

 

SAN DIEGO, 
April 21, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it had received more than 
$30 million to support space-related 
U.S. national security efforts. The follow-on awards are to previous contracts, implementing advanced technologies to provide better system performance.  

“Kratos enables technological approaches and modernization that were not possible even a few years ago, but can now support this program for many years to come with the inherent flexibility to upgrade and evolve at the speed of relevance,” commented Senior Vice President  Frank Backes. “Kratos’ broad space portfolio is focused on technology-leading products and services that realize the 
DoD’s vision of data being an asset. These advanced capabilities are scalable, flexible and resilient; allowing real-time data to flow from multiple domains in support of national defense.”

Phil Carrai, President of Kratos’ Space, Training and Cybersecurity Division, said, “Space is undergoing a renaissance. Advancements in ground systems and satellite technologies are joining to form space networks that support multi-domain missions and broader data requirements. Kratos is leading the digital transformation on the ground side by introducing into space networks proven technologies from other network-centric industries. Not only does this enhance performance and affordability for the 
DoD, it opens doors for the defense industry to better integrate with and capitalize on commercial space enterprises as well.”

Due to competitive, customer-related and other considerations, no additional information will be provided.

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 Approximately $30 Million to Support Space-Related National Security Efforts

 

SAN DIEGO, 
April 21, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it had received more than 
$30 million to support space-related 
U.S. national security efforts. The follow-on awards are to previous contracts, implementing advanced technologies to provide better system performance.  

“Kratos enables technological approaches and modernization that were not possible even a few years ago, but can now support this program for many years to come with the inherent flexibility to upgrade and evolve at the speed of relevance,” commented Senior Vice President  Frank Backes. “Kratos’ broad space portfolio is focused on technology-leading products and services that realize the 
DoD’s vision of data being an asset. These advanced capabilities are scalable, flexible and resilient; allowing real-time data to flow from multiple domains in support of national defense.”

Phil Carrai, President of Kratos’ Space, Training and Cybersecurity Division, said, “Space is undergoing a renaissance. Advancements in ground systems and satellite technologies are joining to form space networks that support multi-domain missions and broader data requirements. Kratos is leading the digital transformation on the ground side by introducing into space networks proven technologies from other network-centric industries. Not only does this enhance performance and affordability for the 
DoD, it opens doors for the defense industry to better integrate with and capitalize on commercial space enterprises as well.”

Due to competitive, customer-related and other considerations, no additional information will be provided.

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.

 

Space as a Lucrative Investment Space

 

The Space and Missile Systems Center will become Space Systems Command.

The Summer of 2021 will hold some big changes for the U.S. Space Force. As announced on April 8, the USSF will absorb the Air Force’s Space and Missile Systems Center.  The repurposed facility will lead research and launches among other USSF military endeavors from the site in Nevada.  

Space Force officials revealed some details about the transfer of the Air Force’s Space and Missile Systems Center, which will be renamed Space Systems Command (SSC).

 

 

The repurposed command will be responsible for “developing, acquiring, equipping, fielding, and sustaining resilient space capabilities to enhance joint lethality. This includes launch, developmental testing, on-orbit checkout, and sustainment. SSC will also provide strategic oversight of USSF science and technology activities,” the Space Force said in a statement.

Is there an investment opportunity in the U.S.A.’s new branch? None of us have a crystal ball, but there may be many. In February Gen. John “Jay” Raymond said at the Virtual Aerospace Warfare Symposium:

 “Now, the service is ready to move on to bolstering behavioral norms with international allies and launching more assets into space. Because the commercial industry has lowered the barriers to space, almost all Space Force missions can be commercially viable with smaller, more operationally relevant satellites.”

“Launching more assets into space” and “using commercial operations” opens up possibilities for many companies. This could include Maxar Technologies Inc (NYSE: MAXR). Maxar is an integrated space and geospatial intelligence company with a full range of space technology solutions for commercial and government customers, this includes satellites, Earth imagery, geospatial data, and analytics.

There are many mega-military contractors involved in aerospace and defense, but the stable smaller companies can see a higher percentage impact on their bottom line from a big contract, this would likely have a positive impact on investors. Kratos Defense & Security Solutions, Inc. (KTOS) provides engineering, information technology (IT) services, and warfighter solutions to the U. S. Department of Defense.  One of its two segments, Kratos Government Solutions (KGS), provides engineering, IT, and weapons systems to federal, state, and local government agencies. It provides weapon systems sustainment, missile, rocket, and weapons systems test and evaluation; mission launch; public safety and security; modeling and simulation, and unmanned aerial vehicle products, among others.

 

 

Satellite Production is to be scaled up under the USSF.  General Raymond addressed this at the February symposium when he said:

“As we design that force, we want to design it in a way that capitalizes on this new business model that has emerged, that produces satellites off of a production line, rather than the one-off, handmade wooden shoe that takes years and years and years to build.”

Production line satellites could benefit the entire supply chain and allow small satellite companies to either win contracts directly or through larger contractors. Digging deeper into companies like C-COM Satellite Systems Inc. (CYSNF), which designs, develops, and manufactures mobile satellite-based antenna systems, could uncover information from which to base investment decisions. C-COM has a diversified mix of customers and has sold more than 8,000 systems in over 100 countries in industries that include, Oil & gas Exploration, Military Communications, SNG, Emergency Communications, Cellular Backhaul, Telemedicine, Government Services, Mobile Banking, and others.

Take-Away

The revised spending patterns of the U.S. military, especially with the growth of Space Force, can provide many opportunities for investors of small and microcap companies. These smaller public corporations could benefit in ways that impact their bottom line by large percentages. Channelchek is a resource for data, analysis, and research on many of the interesting candidates.

 

Sources:

Space Systems Command geared to deliver swift, responsive space capabilities

Space Force Focused on Industry and International Partnerships

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Tuesday, April 06, 2021

Kratos Defense & Security (KTOS)
More Positive Data Points

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.

Refer to the full report for the price target, fundamental analysis, and rating.

New Contract Win. Yesterday, Kratos announced it had been awarded an $85.9 million contract from the U.S. Army to support the Army Ground Aerial Target Control System. Kratos will supply software updating, cyber security inspections, and installation of replacement parts, among other tasks. The award enables Kratos to evolve, develop, and apply new technologies to the US command and control systems.


Valkyrie Successfully Completes Sixth Flight.  Also yesterday, the Air Force Research Lab announced the successful completion of the sixth Valkyrie flight. During the test flight, the Valkyrie successfully opened its payload bay doors and launched a small, unmanned aircraft system. With successful completion of flights, Valkyrie is evolving into a pre-production system with substantial operational …

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 Wins $86 Million, Assuming All Options Exercised, Single Award U.S. Army Contract for Drone Command and Control Systems

 

SAN DIEGO, April 05, 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, today announced that Micro Systems, Inc., a wholly owned subsidiary of Kratos Defense & Security Solutions, Inc. and part of the Kratos Unmanned Systems Division, has received an $85,949,472 contract award, with a $60.7M base and two options totaling approximately $25.3M, from the U.S. Army to support the Army Ground Aerial Target Control System, including software updating, cyber security inspections and installation of replacement parts.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “We are incredibly excited about this substantial win for the Unmanned Systems Division and for Kratos overall. This enables us to evolve, develop, and apply new technologies to the UAS / UGV command and control systems for the Army, which support development, testing, and training associated with our country’s defensive systems and military personnel. Our ground-based infrastructure capability, the foundation for this contract, is key to our overall unmanned vehicle strategy to design, develop, and produce the entire system. Kratos is fully committed to developing affordable technologies and proud that these systems are employed to enable our troops and defensive systems to remain at the highest level of capability and readiness.”

Micro Systems, Inc. has been the primary designer, manufacturer, and supplier of high-performance unmanned aerial and ground target command and control systems to the U.S. Department of Defense since 1985. These hardware and software systems have provided reliable and robust capability successfully supporting over 3,000 operational weapon system test, training, and evaluation missions worldwide. Advanced features enabling multi-domain multi-vehicle mission profiles, remote and autonomous control modes, high-speed high bandwidth datalink communications, and ensured integrity with rigorous cybersecurity and Information Assurance (IA) implementations have made Micro Systems, Inc. the premier target control system provider for aerial (subscale, full scale, and rotary wing), ground, seaborne, and small unmanned aerial system (sUAS) platforms.

Kratos Unmanned Systems Division is a leading provider of high performance unmanned aerial drone and target systems for threat representative target missions to exercise weapon, radar, and other systems; and tactical aerial drone systems for strike/ISR and force multiplication missions.

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 Wins $86 Million, Assuming All Options Exercised, Single Award U.S. Army Contract for Drone Command and Control Systems

 

SAN DIEGO, April 05, 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, today announced that Micro Systems, Inc., a wholly owned subsidiary of Kratos Defense & Security Solutions, Inc. and part of the Kratos Unmanned Systems Division, has received an $85,949,472 contract award, with a $60.7M base and two options totaling approximately $25.3M, from the U.S. Army to support the Army Ground Aerial Target Control System, including software updating, cyber security inspections and installation of replacement parts.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “We are incredibly excited about this substantial win for the Unmanned Systems Division and for Kratos overall. This enables us to evolve, develop, and apply new technologies to the UAS / UGV command and control systems for the Army, which support development, testing, and training associated with our country’s defensive systems and military personnel. Our ground-based infrastructure capability, the foundation for this contract, is key to our overall unmanned vehicle strategy to design, develop, and produce the entire system. Kratos is fully committed to developing affordable technologies and proud that these systems are employed to enable our troops and defensive systems to remain at the highest level of capability and readiness.”

Micro Systems, Inc. has been the primary designer, manufacturer, and supplier of high-performance unmanned aerial and ground target command and control systems to the U.S. Department of Defense since 1985. These hardware and software systems have provided reliable and robust capability successfully supporting over 3,000 operational weapon system test, training, and evaluation missions worldwide. Advanced features enabling multi-domain multi-vehicle mission profiles, remote and autonomous control modes, high-speed high bandwidth datalink communications, and ensured integrity with rigorous cybersecurity and Information Assurance (IA) implementations have made Micro Systems, Inc. the premier target control system provider for aerial (subscale, full scale, and rotary wing), ground, seaborne, and small unmanned aerial system (sUAS) platforms.

Kratos Unmanned Systems Division is a leading provider of high performance unmanned aerial drone and target systems for threat representative target missions to exercise weapon, radar, and other systems; and tactical aerial drone systems for strike/ISR and force multiplication missions.

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’ Autonomous Truck-Mounted Attenuator Named Infrastructure Game Changer by American Society of Civil Engineers

 

SAN DIEGO, 
March 29, 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, today announced its Autonomous Truck-Mounted Attenuator (ATMA), a driverless version of mobile crash barriers, has been recognized by the 
American Society of Civil Engineers (ASCE) as an “Infrastructure Gamechanger” in the organization’s 2021 Report Card for American Infrastructure.  

ASCE combed through successful solutions across the major infrastructure sectors to identify the most innovative game changers and identified North Dakota’s pilot program utilizing Kratos’ ATMA which was developed in collaboration with  Royal Truck & Equipment, the nation’s largest producer of Truck Mounted Attenuator vehicles.

 

 

In the commercial highway maintenance industry, driving a Truck Mounted Attenuator (TMA) is one of the most dangerous task assignments in the work zone. The TMA vehicle functions as a human-driven mobile crash barrier following behind slow moving highway maintenance operations shielding those workers and equipment from errant drivers entering the work zone. Workers assigned to drive the TMA are at serious risk of lifelong injury if/when their TMA is impacted by another vehicle which can range from a family sedan to an 80,000-pound tanker truck traveling at 60 mph or more. In 
the United States, there are more than 12 crash-related fatalities every week in the road work zone.

Kratos’ Autonomous Truck-Mounted Attenuator, a driverless TMA used during road construction and highway maintenance vehicles, shields workers and equipment ahead from errant drivers entering the work zone. Hundreds of lives are lost in the 
U.S. annually with manned TMAs. By removing the human from the most dangerous assignment in mobile highway operations, Kratos’ ATMA has the potential to save lives and change this deadly trend.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “Kratos is a leading innovator in development and application of affordable unmanned technologies. Our disruptive solutions have consistently been game changers in defense applications, and we are proud to now be recognized for providing a game-changing infrastructure solution that will save lives on America’s roadways.”

Rob Roy, Owner and President of Royal Truck & Equipment, said, “Royal is committed to continuously raising the bar with TMA truck safety. The ATMA, built in partnership with Kratos, is just one of the many ways we’re dedicated to improving and innovating work zone safety.”

Kratos Unmanned Systems’ ATMAs have driven more than 2,000 miles since launch in 2017, and in addition to the ongoing pilot in 
North Dakota, Kratos ATMAs are currently deployed in 
California, 
Colorado, 
Florida, 
Minnesota, 
Missouri, and 
Tennessee, as well as the 
United Kingdom.

About Royal Truck & Equipment: Founded in 1982,  Royal Truck & Equipment is North America’s largest manufacturer of TMA and Safety Trucks. The company is committed to producing trucks that meet or exceed the strictest safety standards in the industry. Visit www.royaltruckandequipment.com for more information.

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 $8.9 Million Contract for CH-47F Chinook Maintenance Training Systems Enhancements

 

SAN DIEGO, March 04, 2021 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has received an $8.9 million subcontract to upgrade four Kratos CH-47F Chinook Avionics Trainers (CATs) and two Kratos CH-47F Maintenance Blended Reconfigurable Aviation Trainers (MBRATs) located at the U.S. Army’s 128th Aviation Brigade in Ft. Eustis, Virginia.

Kratos will upgrade the trainers’ multiple avionics systems and aircraft survivability equipment to ensure concurrency of the simulators to the latest CH-47F configuration. The work will be performed under a subcontract to USfalcon, Inc. under its OASIS Pool 6 contract.

The CH-47F CAT is a High-Fidelity Hands-On-Training System (HOTS) that provides full-task training through simulation of all avionics in an integrated configuration within a high-fidelity physical environment. The CAT replicates the aircraft interior and exterior environments with a simulation of all replaceable modular components along with the required test, measuring and diagnostic equipment.

“The maintenance of the CH-47F is critical to Army readiness,” said Jose Diaz, Senior Vice President of Kratos Training Solutions. “The MBRAT provides student training through simulation of the CH-47F cockpit on multiple touch screen monitors. It blends a high-fidelity virtual environment, physical attributes and spatial physical awareness with established CH-47F simulation software. These upgrades will ensure the concurrency of the CH-47F MBRATs and CATs avionics, flight control and survivability systems with those of the CH-47F.”

Kratos develops advanced, cost effective training solutions for U.S. and allied forces that enhance warfighter readiness and survivability. Kratos is driving innovation in military simulation and training programs by integrating the latest immersive technologies with its Common Open Architecture content development process and advanced simulation systems for air, ground, maritime and soon space domains.

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 29, 2019, 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.

Wednesday, March 03, 2021

Vectrus (VEC)
Solid 4Q20 and FY2020 Even in Face of COVID

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.

Refer to the full report for the price target, fundamental analysis, and rating.

4Q20 Results. Revenue of $355.3 million, compared to $365.2 million in 4Q19, but 4Q20 revenue was adversely impacted by $26 million due to COVID. On a sequential basis, revenue rose 0.8%. Adjusted EBITDA margin in the quarter was a record 5.0% or 5.1% excluding COVID impacts, up from 4.9% a year ago. Reported EPS was $1.42 and adjusted EPS was $1.18, versus $0.91 and $0.93, respectively, last year. We were at $363 million and $0.91, respectively.


Expanding Portfolio.  Vectrus continues to expand its portfolio, both through customer diversification, but also by an expanded offering set and moving up the value chain. This bodes well for the Company going forward. U.S. Army related revenue was 69% of 2020 revenue, down from 84% in 2016 and Middle East derived revenue is down to 65% of overall, from 82% in 2016. Vectrus’ new business pipeline …

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. 

Tuesday, March 02, 2021

Kratos Defense & Security (KTOS)
A Deeper Dive into 2020 Results

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.

Refer to the full report for the price target, fundamental analysis, and rating.

Deeper Dive. After having an opportunity to review the 2020 10-K and re-listen to the 4Q20 conference call, we wanted to provide a deeper dive into Kratos’ full year results. Notably, in our view, the long-term future appears to be bright and getting brighter but a number of COVID related issues have tempered near-term potential.


Positives: recent contract wins, a fleet of drones that are the only ones flying in their class today, significant opportunities in the Space & Satellite and turbine engine businesses, solid book-to-bill, backlog, and large bid and proposal pipeline all backed by a strong balance sheet …

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. 

Friday, February 26, 2021

Kratos Defense & Security (KTOS)
4Q20 Results In-line

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.

Refer to the full report for the price target, fundamental analysis, and rating.

Market Perform. KTOS shares have exceeded our PT but we view 2021 as a re-set year, with many programs having been pushed to the right due to COVID. We still believe in the long-term prospects of Kratos and believe the Company to be well positioned to capitalize on new and emerging trends in defense.


4Q20 Results.  Revenue rose 11.5% to $206.4 million. Adjusted EPS was $0.08 compared to $0.09 last year. Adjusted EBITDA for the quarter totaled $22.3 million, up 10.4% from $20.2 million in 4Q19. We had projected revenue of $210 million, adjusted EPS of $0.09, and Adjusted EBITDA of $20 million. Consensus was $217 million and $0.10. Unmanned Systems revenues grew 29.2% to $49.5 million, reflecting …

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.