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Kratos Defense & Security (KTOS) – Solid 2Q21 Sets Up A Strong 2H21

Aerospace and Defense
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Wednesday, August 04, 2021

Kratos Defense & Security (KTOS)
Solid 2Q21 Sets Up A Strong 2H21

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.

    2Q21 Results. Kratos 2Q21 results came in at the high end of guidance. Revenues were $205.1 million, adjusted EPS was $0.06, and adjusted EBITDA for the quarter was $17.6 million. We had forecast revenue of $200 million, adjusted EPS of $0.05, and $16.0 million of adjusted EBITDA. Consensus was at $199 million of revenue and adjusted EPS of $0.06.

    Opportunity Abounds.  Kratos continues to be blessed with a strong opportunity set. It is not a question of if, in our opinion, but of when. Just in the second half of this year, Kratos could receive awards from the Air Force and Navy for target drones, a confidential program, an international target award, and an engine award. And the number and scope of programs being contemplated as the DoD …



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. 

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