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Kratos Defense sees FY23 revenue $980M – $1B  consensus $988.81M
The Fly

Kratos Defense sees FY23 revenue $980M – $1B consensus $988.81M

Eric DeMarco, Kratos’ President and CEO, said, "Kratos’ expected 2023 transition to sustained year over year increasing revenues, profitability and operating cash flow, is on track with our first quarter results, including 12 percent organic growth and our affirmed full year 2023 financial forecast. Kratos continued to win additional program and contract awards, including as represented by our 1.9 to 1.0 Unmanned Systems and Kratos consolidated 1.1 to 1.0 first quarter book to bill ratios, providing confidence in our future forecast." Mr. DeMarco continued, "Recent highlights include Kratos’ Space and Satellite business being notified that we have been selected as part of a team for a new multi-billion dollar satellite constellation, which includes Kratos’ virtualized OpenSpace ground infrastructure system and our Turbine Technologies business receiving a large next generation engine development award, the value of which to Kratos could ultimately exceed $100 million. Additionally, Kratos’ C5ISR business is also well positioned, with key programs including Sentinel, IBCS, SHORAD, Patriot, HIMARS, SCAR and Enduring Shield."

Published first on TheFly

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