Kratos Defense & Security (KTOS) – Awarded New ID/IQ for Sounding Rocket

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Monday, January 29, 2024

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 technologies 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 and combat systems and next generation turbo jet and turbo fan engine development. For more information go to

Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

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

ID/IQ Award. According to the daily Department of Defense contract award release, on Friday, Kratos Space & Missile Defense Systems Inc. was one of three firms awarded a multiple-award, indefinite-delivery/indefinite-quantity, cost-plus-incentive-fee, cost-plus-fixed-fee, and firm-fixed-price contract with a combined maximum ceiling of $877 million with a nine-year ordering period for Sounding Rocket Program-4.

Sounding Rocket. Sounding Rocket is a multiyear contract where companies compete for orders to launch small rockets used to carry scientific instruments and experiments into suborbital space. Started in 2018, the original awardees for the seven year $424 million ID/IQ were Northrop Grumman and Space Vector. With the three new awardees announced Friday, the program has been extended until 2029 and the total projected value increased to $877 million. SRP-4 is run by the Space Systems Command’s small rocket program office.

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