Kratos’ space and satellite revenue jumps 31% YoY

Defense contractor reported revenue of $224.2M

The Defense Contract Management Agency’s Lockheed Martin Sunnyvale contract management office marks the completion of more than 20 years supporting the advanced extreme high frequency satellite program. AEHF-6, the final satellite of the AEHF program, will begin its expected 14-year service life this November. AEHF is preceded by Milstar, formerly known as the Military Strategic and Tactical Relay, the last of which entered into operational service over 17 years ago. The joint AEHF and Milstar constellation provides secure, global, and jam-resistant communications for military ground, sea, and air assets.

Defense contractor and space technologies company Kratos Defense & Security Solutions (Nasdaq:KTOS) on Thursday reported second-quarter revenue of $224.2 million, a 9% year-over-year increase. WHY IT MATTERS: Kratos’ space, satellite and cyber segment is the company’s largest and fastest-growing, Chief Executive Eric DeMarco said during Thursday’s earning call. The business, part of the company’s government […]

Already subscribed, click below. 

Exit mobile version