Kratos Defense & Security Solutions, Inc. - Common Stock (KTOS)
33.65
+0.90 (2.75%)
Kratos Defense & Security Solutions, Inc. is a technology company that provides innovative solutions and systems for defense, security, and communications
The company specializes in designing, developing, and manufacturing advanced unmanned systems, satellite communications, and missile defense technologies. Their offerings include both hardware and software solutions that support military and governmental operations, enhancing the capabilities of modern defense forces. Kratos is also involved in areas such as cybersecurity and training systems, aiming to deliver cutting-edge technology to meet the evolving needs of national security and defense strategies.
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PALM BEACH, Fla., Jan. 30, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The increasing terrorism around the globe is expected to boost the growth of the military drone market going forward. Terrorism refers to an act of violence that would put others in danger while showing a blatant disdain for the harm IT would do. Governments and military organizations often use military drones in counter-terrorism efforts. Drones can provide valuable intelligence, surveillance, and reconnaissance (ISR) capabilities to monitor and track terrorist activities. The need for real-time data and actionable intelligence in counter-terrorism operations drives the demand for military drones. A recent report said that the military drones market size is expected to see strong growth in the next few years. It will grow to $21.93 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The report said that: The Global Military Drones Market Trend: Innovative Products Expand The Military Drone Market. Major companies operating in the military drone market are developing new products such as hybrid unmanned aerial systems to meet larger customer bases, more sales, and increase revenue. A hybrid unmanned aerial system (UAS) refers to a type of drone or unmanned aircraft system that combines multiple propulsion systems or energy sources to enable enhanced operational capabilities.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), Kratos Defense & Security Solutions, Inc. NASDAQ: KTOSNASDAQKTOS)(NASDAQ: PRZONASDAQPRZO, Lockheed Martin Corporation (NYSE: LMTNYSE), RTX Corporation (NYSE: RTXRTX).
SAN DIEGO, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in Defense, National Security and Global Markets, announced today a $34,856,449 award modification to a previously awarded cost-plus-fixed-fee contract from the U.S. Marine Corps. The expanded scope is to support the XQ-58A Unmanned Aerial Systems mission systems and subsystems integration for the Marine Air-Ground Task Force Unmanned Aerial System Expeditionary (MUX) Tactical Aircraft (TACAIR).
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Kratos Defense & Security Solutions Inc (NASDAQKTOS) shares are trading higher. The company on Monday announced it received a new hypersonic system program award with a total value of up to $100 million.
SAN DIEGO, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, announced today that it has recently received an approximate $100 million total potential value hypersonic system program award. Approximately $15 million of funding has been received by Kratos at contract award, with significant increased funding expected in the second half of Kratos fiscal year 2025. Under the new program contract award, Kratos will provide engineering, systems and hardware. Work related to the program will be performed at secure Kratos fabrication, manufacturing and system integration facilities. Due to competitive, security related and other considerations, no additional information will be provided.
SAN DIEGO, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, announced that it was awarded a Geolocation Global Support Services (GGSS) contract in the amount of $48 million.
Rocket Lab USA, Inc. (NASDAQRKLB) shares are trading higher Monday following the announcement that the company will play a key role in Kratos Defense & Security Solutions NASDAQ:KTOSNASDAQKTOS)
Kratos Defense & Security Solutions Inc (NASDAQKTOS) shares are trading higher Monday after the company was awarded a five-year government contract worth up to $1.45 billion.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Kratos (NASDAQKTOS) and its peers.
PALM BEACH, Fla., Jan. 02, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The global military drone market is an active market around the world. Recent reports show that the growth is predicted to continue to grow through 2030. One report says that the degree of innovation in the market is high. This is driven by continuous advancements in artificial intelligence, sensor technologies, and autonomous systems, which are significantly enhancing the capabilities of military drones. Furthermore, the ongoing development of swarm technologies and counter-drone measures highlights the dynamic and cutting-edge nature of this market, as militaries worldwide invest heavily in R&D to maintain strategic and technological superiority. The level of mergers and acquisitions in the market is high. “This is primarily due to the strategic need for companies to enhance their technological capabilities and expand their product portfolios to remain competitive. Larger defense contractors are actively acquiring innovative startups and specialized firms to gain access to cutting-edge drone technologies, artificial intelligence, and advanced manufacturing processes. The market has a high level of end user concentration. This is because the primary users of military drones are national defense and security agencies, which constitute a relatively small and specialized customer base. These agencies often have significant purchasing power and specific requirements, leading to a concentrated market where a few key customers dominate demand. In addition, the high costs and complex procurement processes associated with military drones further limit the number of end users, reinforcing the high concentration in this market.” Active Companies in the market today include ZenaTech, Inc. (NASDAQZENA), AeroVironment, Inc. NASDAQ: AVAVNASDAQAVAV)(NASDAQ: SPAINASDAQSPAI, Lockheed Martin (NYSE: LMTNYSE), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOSKTOS).
