Tuesday, March 02, 2021
Kratos Defense & Security (KTOS)
A Deeper Dive into 2020 Results
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.
Deeper Dive. After having an opportunity to review the 2020 10-K and re-listen to the 4Q20 conference call, we wanted to provide a deeper dive into Kratos’ full year results. Notably, in our view, the long-term future appears to be bright and getting brighter but a number of COVID related issues have tempered near-term potential.
Positives: recent contract wins, a fleet of drones that are the only ones flying in their class today, significant opportunities in the Space & Satellite and turbine engine businesses, solid book-to-bill, backlog, and large bid and proposal pipeline all backed by a strong balance sheet …
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.
