Financial PerformanceKTOS reported revenues of $277.2 million, up 20% y/y (100% organic) vs. the Street at $250 million (guidance $240-$260 million).
Market PositionKratos Defense and Security Solutions, Inc. is a dynamic U.S.-based technology company serving defense, national security, and commercial customers through a diverse offering of unmanned systems, space and satellite communications capabilities, microwave electronics, cybersecurity/electronic warfare solutions, rocket, hypersonic, and missile defense systems, turbine and engine propulsion technology, C5ISR products, and training systems.
Technological AdvancementsThe successful first test flight of the Erinyes hypersonic flyer under the Missile Defense Agency's Hypersonic Test Bed clears a critical hurdle towards proving technical capability of the company's platform.