KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
Industrials · Defense systems and unmanned aerospace vehicles · Nasdaq
Kratos is a defense technology company that rapidly engineers and manufactures affordable unmanned drones, hypersonic systems, rocket propulsion, and satellite control solutions for a generational U.S. military modernization cycle.
What KRATOS DEFENSE & SECURITY SOLUTIONS, INC. does
Kratos Defense & Security Solutions is a technology and hardware company that designs and manufactures defense and national security products and systems for government and commercial customers. The company specializes in unmanned jet-powered drone systems, hypersonic vehicles, rocket propulsion systems, satellite ground control systems, and microwave electronic products, all built with an emphasis on affordability and rapid production. Kratos operates as both a prime contractor and as a partner to larger traditional defense prime contractors, with significant backlog and internal R&D investments to address emerging threats and modernization programs.
Themes: ["Unmanned aerial systems / drone technology","Hypersonic weapons systems","Defense modernization / weapon systems recapitalization","Space systems and satellite command & control","Missile propulsion and defense","Microwave electronics / radar systems","Training and simulation systems","Cost-effective defense solutions"]
Fundamentals
- Price$48.19 as of 2026-07-10 close
- Market cap$9.0B as of 2026-07-12
- 1-year return+4.1% as of 2026-07-10 close
- P/E307.37 as of 2026-07-12
- Net margin+2.1% as of 2026-07-12
- Gross margin+22.9% as of 2026-07-12
- ROE+1.3% as of 2026-07-12
- Debt / equity0.04 as of 2026-07-12
- Revenue growth (YoY)+21.8% as of 2026-07-12
- Revenue CAGR (3y)+14.5% SEC XBRL
- Beta1.11 as of 2026-07-12
Key risks (from latest filing)
["Heavy dependence on U.S. defense spending and government appropriations; changes in defense budgets or priorities could significantly impact revenue and program viability","Long product development and military certification timelines create execution risk; delays in programs like Valkyrie or Zeus could affect backlog realization and cash flow","Significant internal capital investments in new manufacturing facilities (Michigan, Oklahoma, Indiana, Israel) ahead of confirmed contract awards expose the company to inventory and facility utilization risk if programs are delayed or cancelled"]
Competitors & peers
- Northrop Grumman
- Raytheon Technologies
- Lockheed Martin
- General Dynamics
- Aeryon Labs / Teledyne
- KDSB (Kaman)
- Textron Systems
Fundamentals: Finnhub, as of 2026-07-12. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-10.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.