Feb 202611
Kratos Defense & Security Solutions buys Nomad Global Communication Solutions
Seller: Former Nomad shareholders
A company that focuses on the design and manufacture of connected mobile operations centers.
UndisclosedClosed Feb 11, 2026
Company
Kratos Defense & Security Solutions, Inc.
Kratos builds unmanned aircraft, hypersonic vehicles, rocket motors, jet engines, satellite ground systems and microwave electronics for defense, national security and commercial customers. ↗
| Headquarters | San Diego, CA ↗ |
|---|---|
| Founded | 1994 ↗ |
| Leadership | Eric M. DeMarco, President and CEO ↗ |
| Employees | 4,300 ↗ |
| Revenue | $1.3 billion (fiscal 2025) ↗ |
| Shares | KTOS ↗ |
Products
- The BQM-177 is the jet-powered target drone Kratos supplies to the U.S. Navy, in sole source production year 7. ↗
- The BQM-167 is the jet-powered target drone Kratos supplies to the U.S. Air Force, in sole source production year 21. ↗
- The MQM-178 is the jet-powered target drone Kratos supplies to the U.S. Army. ↗
- Valkyrie is Kratos's stealth tactical drone. It has flown with the Air Force and Marine Corps and is under contract with the Marine Corps. ↗
- Zeus is Kratos's solid rocket motor, in two versions. Zeus 1 and Zeus 2 completed their first successful flight on October 24, 2024, from NASA Wallops. ↗
- Erinyes is Kratos's hypersonic flight system. Its first flight was announced in June 2024 and a second in early 2025. ↗
- The GEK800 is a small turbofan engine Kratos and GE Aerospace are developing for unmanned aircraft and collaborative combat aircraft. ↗
- OpenSpace is Kratos's virtualized satellite ground system, which achieved MEF 3.0 Carrier Ethernet certification. ↗
- Kratos and RAFAEL announced Prometheus Energetics in February 2025, an approximately 50/50 joint venture to supply solid rocket motors from a site near Crane, Indiana. ↗
Customers
- The U.S. Navy buys Kratos BQM-177 target drones. ↗
- The U.S. Air Force buys Kratos BQM-167 target drones. ↗
- The U.S. Army buys Kratos MQM-178 target drones. ↗
- The U.S. Marine Corps awarded Kratos a $34.8 million contract for Valkyrie mission system integration. ↗
- The Space Development Agency awarded Kratos a $116.7 million prime contract to create and operate Advanced Fire Control Ground Infrastructure. ↗
- The Missile Defense Agency, Space Force, NASA and the Air Force Research Laboratory are among Kratos's government customers. ↗
- Northrop Grumman, Lockheed Martin, General Dynamics, RTX, BAE Systems and L3Harris buy from Kratos. ↗
- Northrop Grumman, Kratos's teammate, was competitively awarded the Marine Corps MUX TACAIR collaborative combat aircraft, which pairs Northrop's aircraft with Kratos's Valkyrie. ↗
Deals since 2020
Nov 202504
Kratos Defense & Security Solutions buys Orbit Technologies
A provider of mission-critical satellite-based communication systems for mobile and unmanned aerial, seaborne, undersea and land systems, military vehicles and other systems; headquartered in Israel.
$353 millionClosed Mar 2, 2026
Feb 202526
Kratos Defense & Security Solutions, Inc. and RAFAEL Advanced Defense Systems: joint venture Prometheus Energetics
A new, approximately 50/50 joint venture to be a U.S.-based merchant supplier of solid rocket motors and other energetics, on a site near Crane, Indiana.
Up to $175 millionClosed
Jan 202527
Kratos Defense & Security Solutions, Inc. and Kratos Microwave buy Norden Millimeter
Focuses on microwave and millimeter wave products; Kratos bought certain of its assets and assumed certain liabilities.
Up to $32 millionClosed Feb 4, 2025
Mar 202422
Kratos Defense & Security Solutions buys Florida Turbine Technologies
Seller: Holders of the minority interests in KTT Core
The remaining 9.95 percent of the capital stock of KTT Core, the Kratos subsidiary that includes Florida Turbine Technologies, a turbomachinery design and manufacturing company.
$22 millionClosed Jun 21, 2024
Oct 202303
Kratos Defense & Security Solutions buys Sierra Technical Services
Seller: Former stockholders of Sierra Technical Services
An aerial target drone designer.
UndisclosedClosed
Jun 202213
Kratos Defense & Security Solutions buys Florida Turbine Technologies
Seller: Holders of the minority interests in KTT Core
An additional 9.95 percent of the capital stock of KTT Core, a majority owned Kratos subsidiary that includes Florida Turbine Technologies, a turbomachinery design and manufacturing company.
$6 millionClosed
Mar 202209
Kratos Defense & Security Solutions buys Southern Research Engineering Division
Seller: Southern Research Institute
Assists customers in the development, modeling, and deployment of advanced materials for extreme environments, and develops ISR sensors; became Kratos SRE, Inc.
$79 millionClosed May 23, 2022
Dec 202127
Kratos Integral Holdings buys Cosmic Advanced Engineered Solutions
Seller: Carol L. Zanmiller Living Trust and John G. Hutchens Living Trust
Focuses on radio frequency, terrestrial, and space-based communication solutions, including digital signals processing and geolocation analysis.
$38 millionClosed Dec 27, 2021
Dec 202110
Kratos Defense & Security Solutions buys CTT
A company that designs, develops, and manufactures microwave application components and equipment primarily for customers in the defense industry.
$22 millionClosed Dec 10, 2021
Nov 202018
Kratos Defense & Security Solutions buys 5-D Systems
A National Security Solutions provider and provider of high-performance, jet-powered unmanned aerial systems.
$10 millionClosed Nov 18, 2020
Jun 202015
Kratos Integral Holdings buys ASC Signal
Seller: Communications & Power Industries
A manufacturer of high-performance, highly engineered antenna systems for satellite communications, radar, electronic warfare, and high frequency applications.
$35 millionClosed Jun 30, 2020
Apr 202017
Kratos Defense & Security Solutions buys Optimized Performance Machining
A company that primarily operates in the industrial machinery and equipment repair business.
$2 millionClosed Apr 17, 2020
Feb 202024
Kratos Defense & Security Solutions buys Technical Directions
A turbine technology company focused on tactical unmanned aerial drones, missile and other systems.
$10 millionClosed Feb 24, 2020
Earnings
- Q3 2026: earnings and call coverage
- Q2 2026: earnings and call coverage
- Q4 2025: earnings and call coverage
- Q3 2025: earnings and call coverage
- Q2 2025: earnings and call coverage
- Q1 2025: earnings and call coverage
- Q4 2024: earnings and call coverage
- Q3 2024: earnings and call coverage
- Q2 2024: earnings and call coverage
Follow the reporting
Our coverage
- Industry · Unmanned systemsKratos plans a turbojet production ramp ahead of expected salesKratos targets up to 3,000 engines produced in 2027. It forecasts about 1,500 sold, with cash flow estimates including working capital for the ramp.
- Industry · Uncrewed aircraftAirbus scraps Wingman combat drone, Breaking Defense reportsBreaking Defense reports that customers sought earlier service entry, prompting Airbus to pursue a design derived from its Barracuda demonstrator.
- Week AheadThe week ahead: Nov 2–Nov 13
- Contracts · Uncrewed combat aircraftBoeing says Germany will not directly buy its MQ-28 Ghost BatBreaking Defense reports Boeing’s account of Germany’s decision, but says aircraft tests could still give Boeing a chance to compete.