Kratos Defense

OverviewSuggest Edit

Kratos Defense & Security Solutions is a provider of systems, platforms, and products for national security and communications. It operates in two segments: Kratos Government Solutions (KGS) and Unmanned Systems (US). The KGS segment offers microwave electronic products, space, training and cybersecurity, as well as command, control, communications, computers, cyber, intelligence, surveillance and reconnaissance (C5ISR) and modular systems, turbine technologies, and defense and rocket support services. The US segment develops, demonstrates, and fields unmanned aerial systems and unmanned ground and seaborne system products.
TypePublic
Founded1994
HQSan Diego, CA, US
Websitekratosdefense.com
Employee Ratings3.7
Overall CultureB+

Latest Updates

Employees (est.) (Dec 2021)3,300(+4%)
Job Openings293
Revenue (FY, 2021)$811.5 M(+9%)
Share Price (Jun 2022)$14.2(+2%)
Cybersecurity ratingCMore
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Key People/Management at Kratos Defense

Eric DeMarco

Eric DeMarco

President, CEO and Board Member
Deanna Lund

Deanna Lund

Executive Vice President, Chief Financial Officer, and Board Member
Ben Goodwin

Ben Goodwin

SVP, Corporate Development & Government Affairs
Phil Carrai

Phil Carrai

President, Space, Training, & Cyber Division
Dave Carter

Dave Carter

President, Defense & Rocket Support Services Division
Yonah Adelman

Yonah Adelman

President, Microwave Electronics Division
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Kratos Defense Office Locations

Kratos Defense has offices in San Diego, Alexandria, Arlington, Bristow and in 32 other locations
San Diego, CA, US (HQ)
10680 Treena Street, 6th Floor
Alexandria, VA, US
5971 Kingstowne Village Pkwy #200
Arlington, VA, US
2800 Crystal Dr #350
Bristow, OK, US
24323 S 385th W Ave
Chantilly, VA, US
14130 Sullyfield Cir suite e - 1
Chantilly, VA, US
4795 Meadow Wood Ln #220w
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Kratos Defense Financials and Metrics

Kratos Defense Revenue

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Kratos Defense's revenue was reported to be $811.5 m in FY, 2021
USD

Revenue (Q1, 2022)

196.2m

Gross profit (Q1, 2022)

51.9m

Gross profit margin (Q1, 2022), %

26.5%

Net income (Q1, 2022)

(15.9m)

EBIT (Q1, 2022)

(1.2m)

Market capitalization (24-Jun-2022)

1.8b

Closing stock price (24-Jun-2022)

14.2

Cash (27-Mar-2022)

254.4m

EV

1.8b
Kratos Defense's current market capitalization is $1.8 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

717.5m747.7m811.5m

Revenue growth, %

16%4%

Cost of goods sold

527.5m544.5m586.4m

Gross profit

190.0m203.2m225.1m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

168.9m170.4m202.0m194.2m205.1m200.6m196.2m

Cost of goods sold

123.1m124.4m144.9m143.2m153.1m140.0m144.3m

Gross profit

45.8m46.0m57.1m51.0m52.0m60.6m51.9m

Gross profit Margin, %

27%27%28%26%25%30%26%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

172.6m380.8m349.4m

Accounts Receivable

85.0m95.3m93.9m

Prepaid Expenses

9.4m12.0m9.8m

Inventories

61.1m81.2m91.7m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

158.6m397.2m374.7m383.6m369.3m369.9m254.4m

Accounts Receivable

78.3m59.8m83.9m85.7m80.0m85.4m65.9m

Prepaid Expenses

14.0m14.6m17.9m13.5m13.4m11.7m11.1m

Inventories

62.7m61.1m78.3m85.7m90.7m90.9m107.1m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

12.6m79.4m(1.6m)

Depreciation and Amortization

23.4m24.6m25.7m

Inventories

(4.6m)(5.3m)(5.3m)

Accounts Payable

4.8m(2.4m)(5.3m)
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

(200.0k)(1.0m)1.4m1.9m2.8m900.0k(15.9m)

Depreciation and Amortization

6.3m12.3m18.5m6.3m13.3m19.4m7.0m

Inventories

(1.5m)(4.5m)(4.8m)(4.2m)(6.8m)(6.8m)(15.3m)

Accounts Payable

(9.6m)(9.1m)(1.7m)(2.0m)5.8m(10.5m)1.3m
USDFY, 2019

EV/EBIT

54.2 x

EV/CFO

71.2 x

EV/FCF

791.7 x

Revenue/Employee

239.2k

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2.1 x

P/E Ratio

161.5
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Kratos Defense Operating Metrics

Kratos Defense's Backlog was reported to be $892.9m in Q1, 2021.

Kratos Defense Acquisitions / Subsidiaries

Company NameDateDeal Size
CTT Inc.September 10, 2021$22 m
5-D SystemsNovember 18, 2020$10 m
CPI ASC Signal Division, Inc.June 30, 2020$35 m
Optimized Performance Machining, Inc.April 17, 2020$1.8 m
Technical Directions, Inc.February 24, 2020$10.5 m
Florida Turbine TechnologiesFebruary 27, 2019$60 m
SecureInfo CorporationNovember 15, 2011$17.5 m
Integral SystemsMay 16, 2011
Gichner HoldingsMay 20, 2010
Atmospheric Observing SystemsJune 30, 2008
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Kratos Defense Revenue Breakdown

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Kratos Defense revenue breakdown by business segment: 45.0% from Kratos Government Solutions, Product, 26.4% from Kratos Government Solutions, Service and 28.6% from Unmanned Systems

Kratos Defense Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Kratos Defense Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Kratos Defense Online and Social Media Presence

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Kratos Defense Company Culture

  • Overall Culture

    B+

    75/100

  • CEO Rating

    B-

    70/100

  • Compensation

    D-

    44/100

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Kratos Defense News and Updates

Intelsat Selects Kratos’ OpenSpace Satellite Ground Platform as Part of Its Next Generation Network

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that its OpenSpace™ Platform has been selected by Intelsat, operator of the world’s largest satellite services business, as a key component to unify the operations of its gro…

Kratos Acquires Southern Research Engineering Division Adding Unique Capabilities in Hypersonic, Ballistic Missile, Space and ISR Areas

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has acquired the Birmingham, Alabama based Engineering Division of Southern Research for approximately $80 million, subject to reduction based on working capital, inc…

Kratos Defense, Minn-Dak Farmers Cooperative Partner to Deploy Self-Driving Trucks to Address Workforce Challenges and Improve the Supply Chain

SAN DIEGO, May 19, 2022 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has teamed with the Minn-Dak Farmers Cooperative (MDFC) to launch self-driving trucks, easing the truck driver shortage …

Kratos Reports First Quarter 2022 Financial Results

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, today reported its first quarter 2022 financial results. For the first quarter of 2022, Kratos reported Revenues of $196.2 million, Operating Loss of $1.2 million, Net Loss of $15.9 million a…

Kratos Defense & Security Solutions First Quarter 2022 Earnings Conference Call

Kratos Defense & Security Solutions First Quarter 2022 Earnings Conference Call

Kratos Defense & Security Solutions (KTOS) Set to Announce Earnings on Thursday

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Rating) will issue its quarterly earnings data after the market closes on Thursday, May 5th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Kratos Defense & Security Solutions has set its Q1 2022 g…
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Kratos Defense Blogs

Kratos Reports First Quarter 2022 Financial Results

Affirms Full Year 2022 Financial Guidance SAN DIEGO , May 05, 2022 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, today reported its first quarter 2022 financial results. For the first quarter of 2022, Kratos reported

Kratos Defense & Security Solutions Schedules First Quarter 2022 Earnings Conference Call for Thursday, May 5th

Kratos Defense & Security Solutions Schedules First Quarter 2022 Earnings Conference Call for Thursday, May 5th Content Import Mon, 04/25/2022 - 16:00 Kratos Defense & Security Solutions Schedules First Quarter 2022 Earnings Conference Call for Thursday, May 5th Apri…

Kratos Awarded Contract to Deliver OneWeb Spectrum Monitoring System for its LEO Satellite Constellation

Kratos Awarded Contract to Deliver OneWeb Spectrum Monitoring System for its LEO Satellite Constellation Content Import Mon, 04/25/2022 - 08:00 Kratos Awarded Contract to Deliver OneWeb Spectrum Monitoring System for its LEO Satellite Constellation April 25, 2022 at 8:00 AM …

Kratos Announces Completion of Refinancing Transaction

Approximately $300 Million Outstanding on 6.5% Notes To be Replaced by New 5 Year Bank Credit Facility SAN DIEGO , Feb. 22, 2022 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, today announced the refinancing of its

Kratos Reports Fourth Quarter and Fiscal 2021 Financial Results

Fiscal 2021 Revenues of $811.5 Million and Fourth Quarter 2021 Revenues of $211.6 Million Increased 8.5 percent and 2.5 Percent over Fiscal Year and Fourth Quarter 2020 Revenues, Respectively Fiscal 2021 Unmanned Systems Segment Revenues of $231.9 Million and Fourth Quarter 2021 Revenues of $54.4

Kratos Announces Commencement of an Offer to Redeem All Outstanding 6.5% Senior Secured Notes Due November 2025

Kratos Announces Commencement of an Offer to Redeem All Outstanding 6.5% Senior Secured Notes Due November 2025 Content Import Thu, 02/10/2022 - 16:01 Kratos Announces Commencement of an Offer to Redeem All Outstanding 6.5% Senior Secured Notes Due November 2025 February 10,…
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Kratos Defense Frequently Asked Questions

  • When was Kratos Defense founded?

    Kratos Defense was founded in 1994.

  • Who are Kratos Defense key executives?

    Kratos Defense's key executives are Eric DeMarco, Deanna Lund and Ben Goodwin.

  • How many employees does Kratos Defense have?

    Kratos Defense has 3,300 employees.

  • What is Kratos Defense revenue?

    Latest Kratos Defense annual revenue is $811.5 m.

  • What is Kratos Defense revenue per employee?

    Latest Kratos Defense revenue per employee is $245.9 k.

  • Who are Kratos Defense competitors?

    Competitors of Kratos Defense include Cobham, Patria and Bosch Security and Safety Systems.

  • Where is Kratos Defense headquarters?

    Kratos Defense headquarters is located at 10680 Treena Street, 6th Floor, San Diego.

  • Where are Kratos Defense offices?

    Kratos Defense has offices in San Diego, Alexandria, Arlington, Bristow and in 32 other locations.

  • How many offices does Kratos Defense have?

    Kratos Defense has 37 offices.