Friday, July 24, 2020
Kratos Defense & Security (KTOS)
Skyborg Award
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.
Award. Last night, the Air Force announced Kratos had been awarded a position in support of the Skyborg Vanguard Program. Skyborg is an autonomous attritable aircraft capable of achieving a diverse set of missions to generate massed combat power, including manned/unmanned teaming. Last night’s announcement is a key milestone for Kratos in our view.
The Details. Kratos, along with Boeing, General Atomics , and Northrop Grumman have each been awarded indefinite-delivery/indefinite-quantity contracts with a shared ceiling of $400 million for all subsequent competitively selected delivery orders in support of the Skyborg program. This was a competitive acquisition with …
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