Reports Q1 revenue $277.2M, consensus $250.47M. Eric DeMarco, Kratos’ President and CEO, said, “Kratos’ position as a leading defense technology company is reflected in our first quarter results, which came in above our forecast. Q1 strength included our unmanned systems, air defense, propulsion system, turbine technologies and Israel-based microwave electronics businesses, and also production and delivery on certain programs that were executed earlier in the year than initially expected. With the 2024 U.S. defense budget now complete, we have increased confidence in our full year 2024 financial forecast.”
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