SAN DIEGO—Deanna H. Lund, Executive Vice President and Chief Financial Officer of Kratos Defense & (NASDAQ:KTOS) Security Solutions, Inc. (NASDAQ:KTOS), reported the sale of 6,000 shares of common stock on January 2, 2025. The shares were sold at a weighted average price of $26.4792, amounting to a total transaction value of approximately $158,875.
The transaction was conducted as part of a 10b5-1 trading plan, which Lund adopted on September 12, 2019, and amended on August 18, 2023. Following the sale, Lund retains direct ownership of 261,732 shares. This includes shares acquired through Kratos' Employee Stock Purchase Plan and its 401(k) Plan. The company maintains strong financial health with a current ratio of 3.22, indicating robust liquidity.
Kratos Defense & Security Solutions, headquartered in San Diego, specializes in the manufacturing of guided missiles, space vehicles, and related parts.
In other recent news, Kratos Defense & Security Solutions has secured a $6.5 million contract from the Defense Advanced Research Projects Agency (DARPA) to conduct hypersonic flight testing. This contract, which spans two years, is aimed at developing and validating critical hypersonic components to reduce risks associated with future weapon systems. Furthermore, Kratos' revenues have grown by 11.3% over the past year, with analysts predicting continued profitability.
In addition to this, Kratos reported robust third-quarter revenues in 2024, reaching $275.9 million, marking an 8.7% organic growth in unmanned systems, surpassing estimates. Jefferies has maintained a Hold rating on Kratos' shares, reflecting a positive outlook on the company's growth potential in the defense sector.
Kratos has confirmed its financial guidance for the year, projecting a 10% year-over-year revenue growth for 2025. The company is also planning to expand its manufacturing capabilities by opening new facilities in Israel and India in Q2 2025. These recent developments indicate the company's commitment to growth and innovation in the defense sector.
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