Movers and SHAKERS
Kratos Defense & Security (KTOS)
Contract Momentum - Part 2
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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Two More Announcements - This Time for Unmanned Drones. On September 29th Kratos announced it had received a multi-million dollar contract for 20 high-performance target drones. On the same day, the Department of Defense announced Kratos had been awarded a contract for full rate production of BQM-177A aerial targets. We view these announcements as substantial steps in driving the Company's unmanned target drones to the $250 million of annual revenues goal.
BQM-177A Award. Tuesday evening, the Department of Defense announced it had awarded a $29.2 million contract to Kratos for the production of 35 full rate production Lot 1 BQM-177A target drones for the Navy. The achievement of full rate production is a key milestone as programs can last decades. The Company's USAF AFSAT BQM 167 Program is in lot 14-16 production, for example. In addition, the ...
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.