Kratos Defense & Security Solutions

Telos Corporation Announces Third Quarter Results: Exceeds Guidance on All Metrics, Significantly Expands Gross Margin, Returns to Positive Cash Flow From Operations, and Raises Full-Year Outlook

Retrieved on: 
Thursday, November 9, 2023
Kratos Defense & Security Solutions, Basis point, TSA, TLS, Telos (company), Depreciation, Cryptocurrency, Telos

“We executed well in the third quarter, delivering results above the high end of our guidance ranges on all key metrics, expanding gross margin 303 basis points compared to the third quarter of 2022 and returning to positive cash flow from operations,” said John B.

Key Points: 
  • “We executed well in the third quarter, delivering results above the high end of our guidance ranges on all key metrics, expanding gross margin 303 basis points compared to the third quarter of 2022 and returning to positive cash flow from operations,” said John B.
  • Wood, chairman and CEO, Telos.
  • “I am also pleased that we achieved the formal launch of our TSA PreCheck program.
  • Our performance and risk reduction year-to-date, as well as an improved outlook on key programs across the portfolio, have enabled us to again raise our full-year outlook on all metrics.”

Operational Security Solutions (OSS) Announces Attendance at MJBizCon Las Vegas

Retrieved on: 
Wednesday, November 8, 2023
OSS, Legislation, Kratos Defense & Security Solutions, Specialization, Risk management, CIT, Safety, Las Vegas Convention Center, Marketing

FRESNO, CA, Nov. 08, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Operational Security Solutions (“OSS”), the premier provider of full-spectrum risk management services with specialization in secure cash management and logistics, cannabis-specific compliance services, security consulting, and facility hardening, announced today its attendance of MJBizCon, the largest cannabis conference and expo. The conference will take place November 28 - December 1, 2023, at Las Vegas Convention Center.

Key Points: 
  • FRESNO, CA, Nov. 08, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Operational Security Solutions (“OSS”), the premier provider of full-spectrum risk management services with specialization in secure cash management and logistics, cannabis-specific compliance services, security consulting, and facility hardening, announced today its attendance of MJBizCon , the largest cannabis conference and expo.
  • The conference will take place November 28 - December 1, 2023, at Las Vegas Convention Center.
  • Operational Security Solutions (OSS), a company providing their clients, highly regulated businesses and financial institutions, with comprehensive solutions that address security and compliance challenges, intends to schedule meetings with interested media and potential partners to discuss the industry’s need for banking, compliance and CIT services.
  • The Company is committed to helping businesses across the US establish effective risk management solutions.

Guidehouse's Nicole Gibson and Carly Mitchell Named "2023 Women Leaders in Consulting" by Consulting Magazine

Retrieved on: 
Wednesday, November 8, 2023
Female, Woman, ESG, Financial services, Federation, Fraud, Organization, Security, United States Environmental Protection Agency, Pay-for-Performance (Federal Government), Inflation Reduction Act of 2022, Mitchell, Public sector, Gibson, ALM, Inflation, Defense, Kratos Defense & Security Solutions, Nursing, Management, Veritas Capital

Gibson was named one of ALM's 2023 Women Leaders in the category of Mentor of the Year.

Key Points: 
  • Gibson was named one of ALM's 2023 Women Leaders in the category of Mentor of the Year.
  • Mitchell was named one of ALM's 2023 Women Leaders in the category of ESG Champion.
  • Gibson and Mitchell were celebrated at Consulting Magazine's 2023 Women Leaders in Consulting awards dinner in New York on Thursday, Nov. 2.
  • Gibson, Mitchell and the other 2023 Women Leaders in Consulting honorees are featured on the Consulting Magazine website.

CommScope and STMicroelectronics make Matter provisioning for IoT devices secure and easy

Retrieved on: 
Monday, November 6, 2023
Internet of things, Knowledge, Connectivity Standards Alliance, NYSE, MCU, STM32, STMicroelectronics, Kratos Defense & Security Solutions, COMM, Ecosystem, STM, ST, Electronics, CommScope, CSA, Mobile phone, Network

This integrated solution offers device manufacturers a turnkey solution for developing IoT devices that meet the Connectivity Standards Alliance Matter standard for security.

Key Points: 
  • This integrated solution offers device manufacturers a turnkey solution for developing IoT devices that meet the Connectivity Standards Alliance Matter standard for security.
  • The solution simplifies manufacturing secure Matter-device-credentials development and provisioning, in addition to reducing costs and time for IoT device manufacturers.
  • “As a CSA promoter, ST is committed to making Matter development seamless for all device makers,” said Nathalie Vallespin, STM32 Connectivity product line manager, STMicroelectronics.
  • “CommScope and ST have a long-standing collaborative relationship, making it easy to meet growing demand for new Matter IoT devices with the expertise of two industry leaders with decades of experience at the forefront of digital security, semiconductor solutions, and device manufacturing.”

Kratos Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 2, 2023
Consolidated, Adjustment, KUS, Operation, Hope, Public expenditure, EBITDA, L3 Commercial Training Solutions, R, Software, Kratos Defense & Security Solutions, Growth, TT&C, EPS, Research and development, Capital expenditure, Communications satellite, TT, National security, Revenue, Forecasting, Total, Investment, Defense, Valkyrie, KGS, SAN, Technology company, Video game, Arms industry, Clothing, Kratos

SAN DIEGO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets, today reported its third quarter 2023 financial results, including Revenues of $274.6 million, Operating Income of $12.2 million, Net Loss of $1.6 million, Adjusted EBITDA of $27.7 million and a consolidated book to bill ratio of 1.0 to 1.0.

Key Points: 
  • Adjusted earnings per share (EPS) was $0.12 for the third quarter of 2023, compared to $0.08 for the third quarter of 2022.
  • Third quarter 2023 Revenues of $274.6 million increased $46.0 million, reflecting 20.1 percent organic growth, from third quarter 2022 Revenues of $228.6 million.
  • Third quarter 2023 Cash Flow Used from Operations was $0.1 million, reflecting the working capital requirements associated with the 6.9 percent sequential revenue growth of $17.7 million from the second quarter of 2023.
  • Consolidated Days Sales Outstanding continued to improve from 120 in the second quarter of 2023 to 117 days in the third quarter of 2023.

Kratos XQ-58A Valkyrie Completes U.S Marine Corps PAACK-P Program Flight

Retrieved on: 
Thursday, November 2, 2023
Aircraft, National Defense Authorization Act, Eglin Air Force Base, Research, Intelligence, Valkyrie, UAV, OUSD, Naval Air Warfare Center, F-16, Naval Air Systems Command, R, Marine, NDAA, Kratos Defense & Security Solutions, United States Marine Corps Aviation, Partnership, ISR, Joint, UAS, Prototype, MUX, House, National security, 412th Test Wing, 40th Flight Test Squadron, Unmanned aerial vehicle, Defense, Marines, SAN, Technology company, Jet fuel, Engineering

Kratos partnered with the Marine Corps, the Office of the Undersecretary of Defense for Research and Engineering (OUSD (R&E)), the Naval Air Systems Command and Naval Warfare Center Aircraft Division to facilitate the ongoing research, development, test and evaluation of the Marine Corps XQ-58A Valkyrie.

Key Points: 
  • Kratos partnered with the Marine Corps, the Office of the Undersecretary of Defense for Research and Engineering (OUSD (R&E)), the Naval Air Systems Command and Naval Warfare Center Aircraft Division to facilitate the ongoing research, development, test and evaluation of the Marine Corps XQ-58A Valkyrie.
  • Valkyrie and F-16; Valkyrie has flown with nearly every fighter type in the U.S.
  • This flight marks a key milestone in the Marine Corps’ Penetrating Affordable Autonomous Collaborative Killer – Portfolio (PAACK-P) program.
  • Future test flights inform Marine Corps XQ-58A Valkyrie requirements for the Marine Air-Ground Task Force Unmanned Aerial System Expeditionary (MUX) Tactical Aircraft (TACAIR).

September “Plugfest” Provided First Test of Interoperability Using the DIFI Standard for Ground Technology

Retrieved on: 
Thursday, November 2, 2023
Digital, Kratos Defense & Security Solutions, ST, Volunteering, Keysight, Video game, Plugtest

In this high-wire event, a standard that just released its version 1.2.0 faced the multi-vendor reality for the first time.

Key Points: 
  • In this high-wire event, a standard that just released its version 1.2.0 faced the multi-vendor reality for the first time.
  • The 25 engineers attending tested 13 vendor systems – and despite challenges along the way, nearly 90% were able to communicate, proving the functionality of the standard in providing interoperability among different vendor systems.
  • “With this first Plugfest, the DIFI standard takes a leap from the meeting rooms where working groups gathered to the marketplace where technology evolves.
  • DIFI will keep working to create an open and transparent standard, developed by users, operators and vendors working together, that enables true interoperability among all vendor’s communications technology.

EMCORE to Supply Kratos with Quartz MEMS IMUs for Multiple Unmanned Aerial Defense Programs Including the XQ-58 Valkyrie

Retrieved on: 
Thursday, November 2, 2023
Quartz, MEMS, Kratos Defense & Security Solutions, IMU, SSAT, Imus, Temperature, Kratos, United States Department of Defense, Kratos XQ-58 Valkyrie, Unmanned aerial vehicle, United States Department of the Air Force, Partnership, Atmosphere of Earth, UAS, Overalls, XQ-58, Bias, Airline, Online shopping, United States Navy

ALHAMBRA, CA, Nov. 02, 2023 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, announced today that it is entering into a long-term supply partnership with Kratos Unmanned Aerial Systems to deliver SDI500, its flagship Quartz MEMS Inertial Measurement Units (IMU), for multiple advanced unmanned aerial defense programs including the XQ-58 Valkyrie.

Key Points: 
  • ALHAMBRA, CA, Nov. 02, 2023 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, announced today that it is entering into a long-term supply partnership with Kratos Unmanned Aerial Systems to deliver SDI500, its flagship Quartz MEMS Inertial Measurement Units (IMU), for multiple advanced unmanned aerial defense programs including the XQ-58 Valkyrie.
  • Representing a clean-sheet, low-cost tactical Unmanned Aerial System (UAS), the XQ-58 is changing the paradigm for tactical UAS technology.
  • In addition to the XQ-58 Valkyrie, EMCORE is entering into agreements with Kratos to supply SDI500 IMUs for the BQM-167A Air Force Subscale Aerial Target (AFSAT), the BQM-177A Sub-Sonic Aerial Target (SSAT), and the MQM-178 Firejet aerial target drone.
  • “We are extremely proud to enter into a long-term supply partnership with Kratos Unmanned Aerial Systems to support their mission-critical, unmanned aerial tactical and target defense systems for the U.S. Air Force and U.S. Navy,” said Jeff Rittichier, EMCORE’s President and CEO.

Operational Security Solutions (OSS) Joins Cannabis Services Ecosystem, Green Check Connect

Retrieved on: 
Thursday, November 2, 2023
OSS, Gold, Insurance, Business, Organization, Kratos Defense & Security Solutions, Specialization, Risk management, Network, Ecosystem, Partnership, CIT, Swiss Research Centre for Rationalization in Building and Civil Engineering CRB, Operational definition, Commerce, Cryptocurrency, Bank

FRESNO, CA, Nov. 02, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Operational Security Solutions (“OSS”), the premier provider of full-spectrum risk management services with specialization in secure cash management and logistics, compliance services, security consulting, and facility hardening, announced today that the Company has joined Green Check Connect – a centralized cannabis services marketplace and commerce ecosystem.

Key Points: 
  • Premier Risk Management Company Partners With Trusted Industry-Leading Cannabis Banking Fintech, Tapping Into a Network of 8,000 Cannabis-Related Businesses
    FRESNO, CA, Nov. 02, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Operational Security Solutions (“OSS”), the premier provider of full-spectrum risk management services with specialization in secure cash management and logistics, compliance services, security consulting, and facility hardening, announced today that the Company has joined Green Check Connect – a centralized cannabis services marketplace and commerce ecosystem.
  • Launched earlier this year by Green Check, the new, industry-leading technology platform solidifies OSS as one of only three trusted cash-in-transit and risk management services providers.
  • Green Check Connect expands access to professional services and products for cannabis-related businesses (CRBs), which have historically faced limited financial and business service options.
  • Earlier this month, Green Check announced a wave of 20 new providers and categories to Green Check Connect, following an expansion in April 2023, to better meet the growing demand for quality business services and products among CRBs.

CommScope and STMicroelectronics Make Matter Provisioning for IoT Devices Secure and Easy

Retrieved on: 
Monday, November 6, 2023
Data Management, Technology, Telecommunications, Mobile, Wireless, Networks, Internet, Hardware, Internet of things, Knowledge, NYSE, MCU, STM32, Multimedia, STMicroelectronics, Kratos Defense & Security Solutions, COMM, Ecosystem, STM, Connectivity, ST, Electronics, CommScope, CSA, Mobile phone, Network

This integrated solution offers device manufacturers a turnkey solution for developing IoT devices that meet the Connectivity Standards Alliance’s Matter standard for security.

Key Points: 
  • This integrated solution offers device manufacturers a turnkey solution for developing IoT devices that meet the Connectivity Standards Alliance’s Matter standard for security.
  • View the full release here: https://www.businesswire.com/news/home/20231106525177/en/
    The solution simplifies manufacturing secure Matter-device-credentials development and provisioning, in addition to reducing costs and time for IoT device manufacturers.
  • “As a CSA promoter, ST is committed to making Matter development seamless for all device makers,” said Nathalie Vallespin, STM32 Connectivity product line manager, STMicroelectronics.
  • “CommScope and ST have a long-standing collaborative relationship, making it easy to meet growing demand for new Matter IoT devices with the expertise of two industry leaders with decades of experience at the forefront of digital security, semiconductor solutions, and device manufacturing.”