KRATOS DEFENSE & SECURITY SOLUTIONS, INC.

Kratos Defense & Security Solutions, Inc. announced it has received approximately $400 million in funding from the Department of War (DoW). This significant funding is allocated for hypersonic system and other National Security related programs, where Kratos is a recognized industry leader. The company expects this funding to accelerate its organic growth, increase operating cash receipts, and improve its balance sheet by reducing receivables and inventory. Kratos anticipates further hypersonic-related awards in the near future.

Kratos Defense & Security Solutions, Inc. announced a major expansion of its Oklahoma City manufacturing campus, adding over 100,000 square feet of production space. This expansion aims to meet increasing customer demand for the company's high-performance, jet-powered drone systems, including the Valkyrie, Mighty Hornet IV, and Firejet. The company currently produces approximately 165 jet drones annually, and this investment will enable further production increases for the U.S. Department of War and allied customers, strengthening the U.S. defense industrial base.

Kratos Defense & Security Solutions, Inc. announced it has secured an approximate $36 million sole-source contract for a new air defense missile system. This award highlights Kratos's expertise in rapidly developing and producing affordable military-grade hardware. The company's President and CEO noted increased demand for its air defense products and systems, both domestically and internationally, following significant investments in its manufacturing capabilities.

Kratos Defense & Security Solutions, Inc. announced the successful completion of a cross-country autonomous tractor-trailer platooning deployment. The system transported critical NASCAR race equipment from Charlotte, NC, to Naval Base Coronado, in collaboration with Champion Tire & Wheel. This deployment expanded on a previous successful auto-platooning effort, demonstrating Kratos' dual-use innovation strategy by adapting defense autonomy for commercial logistics. The company highlighted the technology's potential to improve efficiency, expand freight capacity, and address driver shortages.

Kratos Defense & Security Solutions, Inc. held its Annual Meeting on May 12, 2026, where stockholders approved several key proposals. All nominated directors were elected, and Deloitte & Touche LLP was ratified as the independent auditor. Significantly, stockholders approved an increase in authorized common stock from 195 million to 245 million shares and an amendment to the 2023 Equity Incentive Plan to add 6.9 million shares. Additionally, proposals for officer exculpation and advisory approval of executive compensation were passed.

Kratos Defense & Security Solutions announced Odon, Indiana, as the future home of its new mid-tier coupled arc jet and laser facility, Project Helios. This facility is designed to provide critical aerothermal testing for materials used on hypersonic systems, addressing gaps in the current U.S. test infrastructure. The selection followed an extensive multi-state review, with Indiana chosen for its technical and operational suitability and strong local and state support, aiming to strengthen national defense capabilities.

Kratos Defense & Security Solutions completed two significant acquisitions in Q1 2026: Orbit Technologies for $352.7 million in cash and Nomad Global Communication Solutions for $88.8 million in common stock and $37.0 million in cash. These strategic moves contributed to a strong financial quarter, with total revenues increasing 22.6% to $371.0 million and net income surging 164% to $11.9 million. The company also reported a substantial increase in cash and cash equivalents, reaching $1,464.3 million, and its total assets grew to $4,042.7 million.

Kratos Defense & Security Solutions reported strong first quarter 2026 financial results, with revenues increasing 22.6% to $371.0 million, driven by significant organic growth in both Unmanned Systems and Government Solutions segments. Net income rose to $11.9 million and Adjusted EBITDA reached $38.7 million. The company also increased its fiscal year 2026 financial guidance for both revenues and Adjusted EBITDA, reflecting confidence in continued growth and the impact of recent acquisitions.

Kratos Defense & Security Solutions reported strong first quarter 2026 financial results, with revenues increasing 22.6% to $371.0 million and net income rising to $11.9 million. The company achieved a consolidated book-to-bill ratio of 1.6 to 1, driven by significant organic growth in both its Unmanned Systems and Government Solutions segments. Kratos also provided an increased fiscal 2026 revenue forecast of $1.700 billion to $1.760 billion and an Adjusted EBITDA forecast of $170.0 million to $176.0 million, including recent acquisitions, despite making substantial investments in R&D and production capacity.

Kratos Defense & Security Solutions announced the completion of initial flight series for its Mk1 Firejet unmanned aerial system, featuring a new J85 engine. This configuration significantly boosts aero-performance, offering increased range, endurance, speed, and climb rate while reducing supply chain risk with American-made components. The company anticipates ramping up J85 engine production to thousands by late 2026 and tens of thousands in the coming years to meet demand and recapitalization needs.