Technology company

Kratos Announces New Director as Part of Ongoing Board Refresh and Augmentation Process

Retrieved on: 
Wednesday, April 3, 2024
Aviation, Sioux City, Iowa, Air force, Business, SAN, Policy, National Guard Bureau, Woman, Senior advisor, The, Military, Iowa State University, White, Airbus, Knowledge, Davis–Monthan Air Force Base, F-16, University, STEM, Atmosphere of Earth, Defense, Growth, White House Fellows, Intelligence analysis, FREEDOM, General Atomics MQ-9 Reaper, Technology company, Management

As the result of an ongoing Board augmentation and refreshment process, the Company has appointed Brigadier General (Retired) Bobbi Doorenbos to the Kratos Board of Directors, effective March 28, 2024.

Key Points: 
  • As the result of an ongoing Board augmentation and refreshment process, the Company has appointed Brigadier General (Retired) Bobbi Doorenbos to the Kratos Board of Directors, effective March 28, 2024.
  • General Doorenbos brings significant relevant and diverse experience and expertise to the Kratos Board.
  • In her nearly 25 years of distinguished military service, General Doorenbos has served in leadership positions in the White House, Headquarters Air Force, and National Guard Bureau.
  • "We are pleased to welcome General Doorenbos to the Company’s Board of Directors.

Kratos and Shield AI Conduct AI-Piloted Flights on the Kratos Tactical Firejet

Retrieved on: 
Monday, April 1, 2024
Aircraft, Entrepreneurship, Environment, SAN, F-16, AI, UAS, Investment, Shield AI, Defense, Valkyrie, Technology company

Having successfully flown AI pilots on five aircraft — three classes of quadcopters, the MQ-35A V-BAT, and the F-16 in fully autonomous air combat training — Shield AI’s Hivemind AI pilot has now successfully flown on and controlled the Kratos Tactical Firejet.

Key Points: 
  • Having successfully flown AI pilots on five aircraft — three classes of quadcopters, the MQ-35A V-BAT, and the F-16 in fully autonomous air combat training — Shield AI’s Hivemind AI pilot has now successfully flown on and controlled the Kratos Tactical Firejet.
  • These successful flights are a major milestone in the comprehensive integration project as Shield AI and Kratos look to ultimately productize another configuration of the Valkyrie, in this case with Shield AI’s Hivemind AI pilot.
  • It was over three years from signing the contract to flying the F-16; now, it’s less than 180 days for the Kratos Firejet.
  • The vision of portable autonomy software for military hardware has been realized, flown, and deployed by Shield AI,” said Ryan Tseng, Shield AI’s CEO and Co-Founder.

Kratos Unmanned Systems Division Self-Driving Truck Leader Follower Platoon Fleet to Be Deployed in Ohio and Indiana

Retrieved on: 
Tuesday, March 12, 2024
Partnership, SAN, Business development, Food, Kratos, Follower, Defense, Technology company, Rail transport

The Kratos Unmanned Systems Division is under contract to deploy its self-driving platooning technology later this year between Ohio and Indiana along a major trucking corridor.

Key Points: 
  • The Kratos Unmanned Systems Division is under contract to deploy its self-driving platooning technology later this year between Ohio and Indiana along a major trucking corridor.
  • The trucks were retrofitted by Kratos with self-driving technology to enable the Leader Follower Platooning operation.
  • Supply chain security is national security and using the Kratos Leader Follower Platoon is a solution that can strengthen a company’s ability to maintain jobs and secure supply chain activity as a win-win.”
    The Leader Follower Platoon consists of a human-driven Leader truck transmitting navigation and command data to a Follower truck enabled with self-driving technology.
  • The Leader Follower Platoon will be deployed with drivers from EASE Logistics who have completed an extensive and comprehensive training program conducted by Kratos.

Shield AI Conducts AI-Piloted Flights on Sixth Aircraft, the Kratos MQM-178 Firejet

Retrieved on: 
Friday, March 29, 2024
Aircraft, Kratos XQ-58 Valkyrie, Entrepreneurship, Environment, SAN, F-16, AI, UAS, Homeland security, Investment, Shield AI, Defense, Valkyrie, Navy, Technology company, Hive mind, Airline

SAN DIEGO, March 29, 2024 /PRNewswire/ -- Shield AI, Inc., a defense technology company building the world's best AI pilot, and Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets and an industry-leading provider of high-performance, jet-powered unmanned aerial systems (UAS), today announced the successful completion of the first phase of Shield's AI-piloted flight-testing on-board Kratos platforms as the two companies move toward productizing Shield AI's pilot for the XQ-58 Valkyrie.

Key Points: 
  • Having successfully flown AI pilots on five aircraft — three classes of quadcopters, the MQ-35A V-BAT, and the F-16 in fully autonomous air combat training — Shield AI's Hivemind AI pilot has now successfully flown on and controlled the Kratos MQM-178 Firejet.
  • These successful flights are a major milestone in the comprehensive integration project as Shield AI and Kratos look to ultimately productize another configuration of the Valkyrie, in this case with Shield AI's Hivemind AI pilot.
  • The vision of portable autonomy software for military hardware has been realized, flown, and deployed by Shield AI," said Ryan Tseng, Shield AI's CEO and Co-Founder.
  • The MQM-178 Firejet marks the sixth type of aircraft that our AI pilot Hivemind has flown.

Kratos Defense & Security Solutions, Inc. Prices Public Offering of Common Stock

Retrieved on: 
Friday, February 23, 2024
SAN, Truist, Prospectus, Technology company, Capital market, Suite, Telephone, RBC Capital Markets, Floor, Sale, Defense, Form, Public expenditure, Security (finance), Vesey Street

SAN DIEGO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (“Kratos”) (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets, today announced the pricing of an underwritten offering of 16,666,667 shares of its common stock at a public offering price of $18.00 per share pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”).

Key Points: 
  • SAN DIEGO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (“Kratos”) (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets, today announced the pricing of an underwritten offering of 16,666,667 shares of its common stock at a public offering price of $18.00 per share pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”).
  • The net proceeds to Kratos from the offering, after deducting underwriting discounts and commissions, are expected to be approximately $288 million.
  • Kratos has also granted the underwriters a 30-day option to purchase up to an additional 2,500,000 shares of common stock.
  • All of the shares in the offering are to be sold by Kratos.

Kratos Defense & Security Solutions, Inc. Announces Proposed Public Offering of Common Stock

Retrieved on: 
Wednesday, February 21, 2024
Attention, SAN, Truist, Prospectus, Technology company, Suite, Telephone, RBC Capital Markets, Floor, Sale, Defense, Form, Public expenditure, Security (finance), Vesey Street

The underwriters will have a 30-day option to purchase up to an additional $45,000,000 of shares of common stock from Kratos.

Key Points: 
  • The underwriters will have a 30-day option to purchase up to an additional $45,000,000 of shares of common stock from Kratos.
  • All of the shares in the offering are to be sold by Kratos.
  • The proposed offering is subject to market and other conditions.
  • The preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC.

TalkShopLive Launches New Instagram "Shoppable Simulcast" Feature

Retrieved on: 
Monday, March 4, 2024
Open Wide, LOS, Multimedia, Technology company, Friction, Partnership, Sale, Meta, Walmart, Condé Nast, Billboard, Comment, Music, Target

LOS ANGELES, March 4, 2024 /PRNewswire/ -- Leading video commerce and retail media enablement platform TalkShopLive announced today the launch of its new "Shoppable Simulcast" feature with Instagram. The product officially debuts with a livestream featuring Grammy-nominated artist, producer, songwriter, and actor Benny Blanco today at 1 p.m. Eastern. The Shoppable Simulcast featuring Blanco preparing recipes from his new cookbook and entertaining guide, titled Open Wide, will also stream in association with TalkShopLive media partner Billboard. Blanco will be featuring signed copies of his book.

Key Points: 
  • The Shoppable Simulcast featuring Blanco preparing recipes from his new cookbook and entertaining guide, titled Open Wide, will also stream in association with TalkShopLive media partner Billboard.
  • Further showcasing TalkShopLive's unique distribution, the live event will be embedded across multiple destinations, including Billboard.com and Billboard's Instagram and Facebook page, Blanco's Instagram and Facebook page, TalkShop.Live and across TalkShopLive's content distribution network.
  • The Instagram integration comes after TalkShopLive launched its Shoppable Simulcast product and first destination with Meta on Facebook.
  • Shoppable Simulcast amplifies the already expansive TalkShopLive Distribution Network by enabling sellers to connect with their customers wherever they are.

Kratos Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, February 13, 2024
Weapon, Radar, Investment, Growth, Sale, RDT, KUS, Probability, Software, Unitary state, Research and development, Defense, KGS, S&T, Communications satellite, GAAP, STS, Pedigree, EPS, TT&C, Total, Forecasting, National security, Valkyrie, Adjustment, Capital expenditure, Public expenditure, Capital, CRA, Acquisition, Hypersonic speed, Technology company, Revenue, Consolidated, Video game

Adjusted earnings per share (EPS) was $0.12 for the fourth quarter of 2023, compared to $0.08 for the fourth quarter of 2022.

Key Points: 
  • Adjusted earnings per share (EPS) was $0.12 for the fourth quarter of 2023, compared to $0.08 for the fourth quarter of 2022.
  • Fourth quarter 2023 Revenues of $273.8 million increased $24.5 million, reflecting 9.8 percent and 7.3 percent organic growth, respectively, from fourth quarter 2022 Revenues of $249.3 million.
  • KUS’s Operating Income was $1.0 million in the fourth quarter of 2023 compared to $1.8 million in the fourth quarter of 2022.
  • KUS’s Adjusted EBITDA for the fourth quarter of 2023 was $4.0 million, compared to fourth quarter 2022 KUS Adjusted EBITDA of $4.5 million, reflecting reduced volume.

Decentral Life and Outdoorsmen.com Announce Launch of AI Powered ERP SaaS

Retrieved on: 
Friday, February 9, 2024
Cloud, WDLF, TBI, Contextual advertising, Accounting, Mining, OTC, Software, Software as a service, Economics, Tapp, ERP, Automation, Bureau, Recreation, Social media, Technology company, BEA, USD

GREENWOOD VILLAGE, COLORADO, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Decentral Life, Inc. (OTC: WDLF) announced today the official launch of an AI Powered ERP SaaS for its TBI company, Outdoorsmen.com, Inc.

Key Points: 
  • Outdoorsmen's ERP with built in AI, Automation and Cloud Access, by Decentral Life, Inc.
    GREENWOOD VILLAGE, COLORADO, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Decentral Life, Inc. (OTC: WDLF) announced today the official launch of an AI Powered ERP SaaS for its TBI company, Outdoorsmen.com, Inc.
  • The report shows that North America accounted for 35% revenue share of the 2022 ERP global market.
  • The majority of them are not using an ERP software solution to help them run more efficient company operations, and planning for the future of their business growth.
  • It is our great honor to be part of the “Providing Solution”, for many of them, through our TBI program company Outdoorsmen.com, Inc.” added Tapp.

Kratos Welcomes U.S. Sen. Gary Peters, U.S. Rep. Lisa McClain to TDI Manufacturing Facility in Oxford, Michigan

Retrieved on: 
Tuesday, February 6, 2024
SAN, Engineering, Kratos, Investment, TDI, Unmanned aerial vehicle, Technology company, Defense, Woman, Renewable energy

Senator Gary Peters (D-MI) and U.S. Representative Lisa McClain (R-MI-9) to Technical Directions Inc. (TDI) headquartered in Oxford, Michigan, to showcase Kratos’ family of affordable turbine engines and turbogenerators.

Key Points: 
  • Senator Gary Peters (D-MI) and U.S. Representative Lisa McClain (R-MI-9) to Technical Directions Inc. (TDI) headquartered in Oxford, Michigan, to showcase Kratos’ family of affordable turbine engines and turbogenerators.
  • These characteristics mirror the Kratos’ corporate strategy, but more importantly, provide a U.S. designed, manufactured, integrated, and tested affordable small-thrust-class turbine engine solution which has effectively been unachievable from U.S. manufacturers in recent years.
  • We’re very proud of the products we’ve developed and proud to be growing in Michigan where we are able to leverage the deep experience of the automotive industry.
  • “I am proud that Kratos continues to call Oxford home, and I am excited to see their impact in the community grow throughout this year and beyond.”