Movers and SHAKERS
Kratos Defense & Security (KTOS)
Unmanned Momentum Continues with Recent $35 Million 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.
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- Unmanned Systems Momentum Continuing. On September 19th, Kratos reported a $35 million award from the U.S. Air Force for Air Force Subscale Aerial Target peculiar spares. The firm-fixed-price contract is expected to be completed by March 30, 2024. Combined with other recent awards for unmanned systems, we continue to see momentum building for this segment and believe the unmanned business will be a substantial value driver for the Company going forward.
- Follows Recent Additional Awards. hursday's announcement comes on the heels of two other unmanned awards, including a $23 million award in early August for a production run of target jet drones and a $4.8 million award in mid-August for...
*Analyst certification and important disclosures included in 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.