Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $4.68 USD
Change Today +0.35 / 8.08%
Volume 697.0K
KTOS On Other Exchanges
Symbol
Exchange
KTOS is not on other exchanges.
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

kratos defense & security (KTOS) Snapshot

Open
$4.48
Previous Close
$4.33
Day High
$4.78
Day Low
$4.48
52 Week High
09/2/14 - $7.58
52 Week Low
08/26/15 - $3.82
Market Cap
276.1M
Average Volume 10 Days
542.4K
EPS TTM
$-0.56
Shares Outstanding
59.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for KRATOS DEFENSE & SECURITY (KTOS)

kratos defense & security (KTOS) Related Businessweek News

View More BusinessWeek News

kratos defense & security (KTOS) Details

Kratos Defense & Security Solutions, Inc. provides mission critical products, solutions, and services primarily for the United States Government. The company operates through three segments, Kratos Government Solutions (KGS), Unmanned Systems, and Public Safety & Security (PSS). The Kratos Government Solutions segment offers command, control, communications, computing, combat systems, intelligence, surveillance, and reconnaissance (C5ISR) products; solutions; and services. This segment provides electronic warfare/attack and intelligence, reconnaissance, and surveillance; satellite command and control, communications support, signal monitoring, interference detection, and geolocation; ballistic missile defense test and evaluation; cyber and IT; learning, performance, and training solutions; and weapon systems services. It also manufactures specialized modular systems, tactical combat products, shelters, and enclosures; command and control modular systems; weapons systems; and warfighter related systems. The Unmanned Systems segment offers composite unmanned aerial target drone systems; and supplies UAS platforms with sensors, avionics, and electronic components. This segment also manufactures and provides avionics systems and ground flight control systems, as well as command, control, and communications systems for various unmanned ground and seaborne, platforms and systems. The Public Safety and Security segment offers integrated security solutions for homeland security, public safety, and critical infrastructure; and strategic assets for government, industrial, and commercial customers. This segment provides its solutions in various areas, such as the command and control centers; and access control, building automation and control, communications, digital and closed circuit television security and surveillance, fire and life safety, maintenance, services, and product support services. The company was founded in 1994 and is headquartered in San Diego, California.

3,600 Employees
Last Reported Date: 03/13/15
Founded in 1994

kratos defense & security (KTOS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.4M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $734.7K
President of Electronic Products
Total Annual Compensation: $779.7K
President of Technology & Training Solutions
Total Annual Compensation: $655.3K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $494.3K
Compensation as of Fiscal Year 2014.

kratos defense & security (KTOS) Key Developments

Kratos Defense & Security Solutions, Inc. Announces Cash Tender Offer for Up to $175 million Aggregate Principal Amount of its 7.000% Senior Secured Notes Due 2019

Kratos Defense & Security Solutions, Inc. announced that the commencement of a tender offer for up to $175 million aggregate principal amount of its 7.000% Senior Secured Notes due 2019 (CUSIP No. 50077BAL2) on the terms and conditions set forth in the Offer to Purchase, dated August 24, 2015, and related Letter of Transmittal. Under the terms of the offer, Kratos will purchase outstanding notes for cash at par plus accrued and unpaid interest. The offer will be funded with a portion of the net proceeds resulting from the sale of the U.S. and U.K. operations of Kratos Electronic Products Division. The tender offer is being made in connection with Kratos' obligation following a sale of assets under the Indenture pursuant to which the Notes were issued. If more than $175 million aggregate principal amount of Notes are validly tendered and not withdrawn, Kratos will purchase notes on a pro-rata basis (with such adjustments as may be deemed appropriate so that only Notes in denominations of $2,000 or integral multiples of $1,000 in excess thereof are purchased in part or remain outstanding in part).

Kratos Defense & Security Solutions, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Financial Guidance for the Second Half and Full Year of 2015

Kratos Defense & Security Solutions, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's total revenues were $160.5 million against $204.2 million a year ago. Operating loss was $3.7 million against profit of $2.3 million a year ago. Loss from continuing operations before income taxes was $13.6 million against $46.9 million a year ago. Loss from continuing operations was $15.9 million or $0.27 per basic and diluted share against $48.1 million or $0.84 per basic and diluted share a year ago. Net loss was $15.0 million or $0.25 per basic and diluted share against $49.9 million or $0.87 per basic and diluted share a year ago. Adjusted EBITDA was $12.1 million against $15.2 million a year ago. Adjusted income from continuing operations before income taxes was $0.1 million against $2.2 million a year ago. Adjusted loss from continuing operations was $0.2 million or $0.02 diluted per share against income of $1.6 million or $0.03 diluted per share a year ago. Cash flow from continuing operations was a use of $12.3 million, which reflected the semi-annual interest payment of $22 million on the company’s Senior Notes and an increase in inventory levels, with an expectation of associated shipments and collections later in 2015.  For the six months, the company's total revenues were $317.4 million against $378.0 million a year ago. Operating loss was $7.6 million against profit of $2.7 million a year ago. Loss from continuing operations before income taxes was $26.2 million against $58.2 million a year ago. Loss from continuing operations was $30.4 million or $0.52 per basic and diluted share against $61.5 million or $1.07 per basic and diluted share a year ago. Net loss was $31.3 million or $0.54 per basic and diluted share against $64.9 million or $1.13 per basic and diluted share a year ago. Adjusted EBITDA was $19.7 million against $27.4 million a year ago. Net cash used in operating activities from continuing operations was $15.1 million against $6.6 million a year ago. Capital expenditures were $5.2 million against $5.9 million a year ago. Adjusted loss from continuing operations before income taxes was $4.3 million against $0.5 million a year ago. Adjusted income from continuing operations was $6.3 million or $0.11 diluted per share against $1.8 million or $0.03 diluted per share a year ago. Total estimated CapEx for 2015 is forecasted at $13 million to $15 million, with the most significant investment being in the unmanned business as the company is manufacturing an increased number of aircraft for expected customer presentation requirements and includes production of Kratos' owned UCAS aircraft. The expected adjusted EBITDA for the second half includes the adjustment for expected excess capacity and unabsorbed manufacturing overhead and the one time investment the company is making in conjunction with the government customer sponsor in development efforts to preserve the intellectual property rights for the UCAS initiative. Assuming a successful repurchase process, which the company expects to be formally announced shortly, Kratos' debt will be significantly reduced at approximately $450 million with 0 amounts outstanding on the $110 million bank line of credit and approximately $40 million of cash on the balance sheet. Accordingly, and as a result of the business mix changes, the company continues to expect second half 2015 revenue and adjusted EBITDA to both be sequentially higher than the first half, with forecasted fiscal 2015 adjusted EBITDA remaining within the previous guidance of $50 million to $55 million, and revenues forecast at $670 million to $690 million, driven as a result, of the favorable business mix trend.

Kratos Defense & Security Solutions, Inc. Introduces quantumGND

Kratos Defense & Security Solutions, Inc. introduced quantumGND, the first complete C2 to RF ground systems package specifically designed to meet the unique requirements of the small sat community. Pre-integrated, affordable and easy-to-use, quantumGND is a full-function, out-of-the box ground system solution for small satellites. Including everything from the C2 system through the ground network and ground modem, quantumGND lets operators focus on their mission and payload instead of building their own C2 and RF signal processing capabilities. quantumGND is comprised of three pre-integrated components. quantumCMD provides C2 for a single small satellite up to a small sat fleet. qFEP and qRADIO (manufactured by Kratos subsidiary RT Logic) provide the baseband processing functions required between the C2 system and the antenna. Together, these components deliver a virtual machine architecture that features plug-and-play design for simplified setup, automation tools for lights-out operation and complete situational awareness in one dashboard.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
KTOS:US $4.68 USD +0.35

KTOS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Ciber Inc $3.38 USD 0.00
Ducommun Inc $23.41 USD +0.25
TeleCommunication Systems Inc $3.46 USD +0.03
KEYW Holding Corp/The $8.28 USD +0.35
TRC Cos Inc $9.21 USD +0.05
View Industry Companies
 

Industry Analysis

KTOS

Industry Average

Valuation KTOS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 1.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact KRATOS DEFENSE & SECURITY, please visit www.kratosdefense.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.