AcquisitionsAug 4, 2026, 04:33 PM
Kratos Acquires Orbit & Nomad, Raises $1.35B Equity; Q2 Net Income $4.4M
AI Summary
Kratos Defense & Security Solutions, Inc. completed two significant acquisitions in early 2026: Orbit Technologies Ltd. for $352.7 million in cash and Nomad Global Communication Solutions, Inc. for $148.6 million in stock and cash. The company also raised $1.348 billion through common stock issuance. For the six months ended June 28, 2026, Kratos reported a net income of $16.3 million, up from $7.4 million in the prior year, with diluted EPS increasing to $0.09 from $0.05. Total revenues grew to $829.8 million from $654.1 million.
Key Highlights
- Acquired Orbit Technologies Ltd. for $352.7M cash on March 2, 2026.
- Acquired Nomad Global Communication Solutions for $148.6M (stock/cash) on Feb 11, 2026.
- Raised $1.348B from common stock issuance in six months ended June 28, 2026.
- Six-month net income increased to $16.3M from $7.4M year-over-year.
- Six-month diluted EPS rose to $0.09 from $0.05 year-over-year.
- Six-month total revenues grew to $829.8M from $654.1M year-over-year.
- Contributed $11.9M to Prometheus Energetics joint venture.
- Cash and cash equivalents increased to $1,437.6M as of June 28, 2026.
Price Impact
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