Kratos Defense & Security Solutions Inc. (KTOS) shares lost 5.03% in after-hours on Monday, September 13, 2021, and closed the daily trading at $22.45. In the regular trading session of Monday, KTOS’s stock soared 4.14%. KTOS shares have risen 20.37% over the last 12 months, and they have moved down 2.80% in the past week. Over the past three months, the stock has lost 10.15%, while over the past six months, it has declined 12.70%.
KTOS latest contract from U.S. Air Force
On September 13, 2021, Kratos Defense & Security Solutions, Inc (KTOS), announced that Kratos Unmanned Aerial Systems has been awarded a $338,071,466 Firm Fixed-Price, Cost-Plus-Fixed-Fee, and Time-and-Material contract for BQM-167A Air Force Subscale Aerial Target (AFSAT) lots 17-21 production, out-of-warranty-repairs (OWR), and contractor logistics support (CLS). Work will be performed at a Kratos manufacturing facility. At the time of award funds of $30,499,362 were obligated. Air Force Life Cycle Management Center, Eglin Air Force Base, Florida, is the contracting activity.
KTOS received funding from SSC
On September 10, 2021, the Space Systems Command (SSC) awarded $2.8 million in funding to Kratos Defense & Security Solutions, Inc. (KTOS), to develop a prototype that automatically delivers space-related Situational Awareness (SA) data to the Unified Data Library (UDL). The UDL is a joint initiative of the Air Force Research Laboratory and the Space Force’s Space Systems Command. The cloud-based platform hosts space situational awareness data from dozens of commercial, academic, and government organizations and provides a digital “storefront” for users of the data.
Contribution in the missiles launch
On September 09, 2021, Kratos Defense & Security Solutions, Inc. (KTOS), announced that its Space & Missile Defense Systems Business Unit, a part of Kratos’ Defense & Rocket Support Services Division, supported the Missile Defense Agency (MDA) and the United States Navy in the successful launch of two SRBM targets during the execution of Flight Test Aegis Weapon System 33 (FTM-33). The flight test mission was the most complex mission executed by MDA and the third flight test of an Aegis Ballistic Missile Defense-equipped vessel using the SM-6 Dual II missile. A total of four SM-6 Dual II missiles were launched on July 24 against a raid of two advanced guided ballistic missile targets in a broad ocean area northwest of Hawaii.
KTOS OpenSpace™ Satellite Ground System
On August 30, 2021, Kratos Defense & Security Solutions, Inc. (KTOS) announced that its OpenSpace Platform designed for dynamic ground operations now supports deployments on the Red Hat OpenStack cloud environment to enable highly secure and scalable satellite missions.
The recent contract from U.S. Air Force was the reason behind its gains in the regular trading session but we had no reason for its loss in the after-hours on Monday. We can expect it to perform well in the coming trading session, based on its recent developments.