Company Overview

Kratos Defense & Security Solutions, Inc. is a U.S.-based defense technology company that develops and delivers advanced systems, platforms, and services primarily for national security customers. The company operates within the defense, aerospace, and national security industries, with a focus on enabling next-generation capabilities for the U.S. Department of Defense (DoD), intelligence agencies, and allied governments.

Kratos’ primary business lines include unmanned systems, tactical missile systems, space and satellite communications, microwave electronics, and cyber, training, and engineering services. A significant portion of revenue is derived from U.S. federal government contracts, particularly from the DoD. The company is positioned as a mid-tier defense contractor with a strategic emphasis on affordable, rapidly deployable technologies, especially in areas such as autonomous systems and hypersonic-related infrastructure. Founded in 1994 as Wireless Facilities, Inc., the company rebranded as Kratos in 2007 and evolved through acquisitions and organic development into a focused defense technology provider.

Business Operations

Kratos operates through two primary reportable segments: Kratos Government Solutions (KGS) and Kratos Unmanned Systems (KUS). KGS encompasses space, satellite communications, missile defense, microwave electronics, cybersecurity, and defense engineering services, generating revenue through long-term government contracts, system sales, and sustainment services. KUS focuses on the design and production of high-performance unmanned aerial systems, including target drones and tactical UAVs used for training, testing, and emerging operational missions.

The company conducts both domestic and international operations, with most revenue originating in the United States. Kratos controls proprietary technologies in areas such as open-architecture ground systems, solid rocket motors, hypersonic test infrastructure, and autonomous flight systems. It operates through several subsidiaries, including Kratos Unmanned Aerial Systems, Kratos Space & Missile Defense Systems, and Kratos Microwave Electronics, and maintains strategic relationships with U.S. defense agencies and prime contractors.

Strategic Position & Investments

Kratos’ strategic direction centers on aligning its portfolio with DoD priorities such as autonomous systems, hypersonic weapons development, space resilience, and command-and-control modernization. The company emphasizes affordability and rapid innovation, positioning itself as a complementary supplier to larger prime contractors rather than a direct competitor in major weapons platforms.

Major investments have included internal development of jet-powered unmanned aircraft, expansion of solid rocket motor production capacity, and growth in space ground systems supporting satellite command and control. Kratos has historically pursued targeted acquisitions to strengthen technical capabilities, including microwave electronics and space systems, while also divesting non-core assets to sharpen its defense focus. Emerging areas of involvement include hypersonic test vehicles, autonomous collaborative platforms, and next-generation satellite ground architectures.

Geographic Footprint

Kratos is headquartered in San Diego, California, and maintains operational facilities across key U.S. defense and aerospace hubs, including California, Virginia, Maryland, Florida, Texas, Alabama, and Oklahoma. These locations support engineering, manufacturing, testing, and program management activities tied to federal contracts.

Internationally, Kratos has a more limited but strategic presence, supporting allied defense customers in Europe, the Middle East, and the Asia-Pacific region. International activities primarily involve unmanned systems sales, satellite ground systems, and defense electronics, often conducted through U.S.-based operations with foreign military sales approval.

Leadership & Governance

Kratos is led by an executive team with deep experience in defense, aerospace, and government contracting. The leadership emphasizes disciplined capital allocation, long-term alignment with U.S. national security priorities, and investment in proprietary technologies that can scale across multiple programs.

Key executives include:

• Eric M. DeMarco – President and Chief Executive Officer
• Deanna H. Lund – Executive Vice President and Chief Financial Officer
• Steven S. Fendley – President, Kratos Unmanned Systems
• Phillip D. Carrai – President, Kratos Space, Training & Cybersecurity Solutions
• Kathryn M. Young – Senior Vice President, General Counsel and Secretary

The company operates under a shareholder-aligned governance model, with leadership frequently articulating a strategy focused on long-term value creation through innovation, cost discipline, and mission-critical relevance to defense customers.