Movers and SHAKERS
Kratos Defense & Security (KTOS)
Skyborg: A Program of Record in 2023?
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.
Additional Funding. Earlier this week, the Fighters and Advanced Aircraft program executive office announced it had recently awarded contract options valued up to $13.2 million to Kratos (XQ-58A) and up to $7 million to General Atomics (MQ-20) to further the development of the Skyborg Vanguard. As with the initial funding from December, Kratos received significantly more funding than General Atomics. Notably, Boeing did not receive any additional funding.
Moving to Program of Record? According to Brig. Gen. Dale White PEO for Fighters and Advanced Aircraft, “These contract actions, while tactical in nature, are strategically important to this Vanguard as we continue to discover and learn how we will employ this advance technology in the fight. The team has always been committed to transitioning Skyborg to a program of record, and we’ll be ready in ...
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.