Kratos Wins $20M Contract for Mobile SATCOM Gateways in Asia
KTOS sits 16% above its 52-week low of $43.09.
Summary
Kratos secured a contract valued at more than $20 million to deliver mobile satellite communication gateways for a defense customer in Asia. The system includes truck-mounted Trifold antennas, Compass monitor-and-control software, and Monics spectrum monitoring. This award expands Kratos' footprint in the Asia-Pacific region and reinforces its position in transportable ground systems. The contract is modest relative to the company's $458.8M quarterly revenue and $2.08B backlog, but it adds to a string of recent defense wins and supports the raised full-year guidance. No specific delivery timeline was disclosed.
At the time of this announcement, KTOS was trading at $50.10 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $9.6B. The 52-week trading range was $43.09 to $134.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.