📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $Kratos Defense & Security(KTOS.US) Kratos Receives Approximately $400 Million in DoW Funding for Hypersonic Programs

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ 𝐊𝐫𝐚𝐭𝐨𝐬 receives approximately 𝐒𝟒𝟎𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in 𝐃𝐨𝐖 funding.

➤ Funding supports 𝐡𝐲𝐩𝐞𝐫𝐬𝐨𝐧𝐢𝐜 systems and national security programs.

➤ Company develops 𝐡𝐲𝐩𝐞𝐫𝐬𝐨𝐧𝐢𝐜 vehicles, solid rocket motors, and flight systems.

➤ Kratos expects additional 𝐡𝐲𝐩𝐞𝐫𝐬𝐨𝐧𝐢𝐜 contract awards in coming months.

➤ Funding is expected to accelerate 𝐨𝐫𝐠𝐚𝐧𝐢𝐜 𝐠𝐫𝐨𝐰𝐭𝐡 and operating cash receipts.

➤ Company expects lower 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐫𝐞𝐜𝐞𝐢𝐯𝐚𝐛𝐥𝐞𝐬, inventory, and assets.

➤ Kratos says it is the only company delivering both 𝐩𝐫𝐨𝐩𝐮𝐥𝐬𝐢𝐨𝐧 and flyer systems.

➤ Portfolio includes 𝐄𝐫𝐢𝐧𝐲𝐞𝐬, 𝐃𝐚𝐫𝐤 𝐅𝐮𝐫𝐲, 𝐙𝐞𝐮𝐬, and 𝐎𝐫𝐢𝐨𝐥𝐞 systems.

➤ Program work will be performed at secure Kratos and government facilities.

👉 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭𝐬:

𝐃𝐚𝐯𝐞 𝐂𝐚𝐫𝐭𝐞𝐫, President of Kratos’ Defense and Rocket Support Services Division:

“Kratos is a leader in high-speed National Security Systems, including ballistic missile targets, flight test vehicles and recently, tactical systems, where Kratos’ rapid design, engineering, development, flight and fielding capabilities of systems that can be mass produced at low-cost points are clear differentiators for our Company. Kratos’ new Nemesis and Kraken initiatives are recent examples of Kratos’ industry leading vision in the high speed systems area, and we are expecting additional important hypersonic related awards in the coming months.”

𝐄𝐫𝐢𝐜 𝐃𝐞𝐌𝐚𝐫𝐜𝐨, President and CEO of Kratos:

“Beginning in June and both increasing and accelerating into July, Kratos is seeing significant funding from the DoW, which is expected to accelerate our organic growth rate, increase our operating cash receipts, while reducing our customer receivables, inventory and assets where Kratos had previously “leaned forward” to ensure we met or exceeded our customers schedule related and other expectations. Kratos is an industry leading defense technology company, focused on fielding affordable, relevant systems for the Department of War, while generating organic growth, increased margins and an acceptable rate of return on our investments, with a target of significant future cash flow generation.”