Sees Q4 adjusted EBITDA $29M-$34M. DeMarco continued, “The industry and Kratos are at the beginning of a generational and structural multi-year/decade recapitalization and rebuild of the west’s National Security apparatus to address the existing geopolitical threat environment and to deter and defeat our enemies. Congress, the Administration and the Pentagon are aligned to rebuild the U.S. Defense Industrial base and reform the procurement system, as represented in Presidential Executive Orders, the Senate FoRGED Act, the House SPEED Act and the Department of War’s initiatives to improve the acquisition process. We believe that these changes are incredibly positive for our country and for Kratos and are a key element in our confidence in building a highly valuable, multi-billion dollar National Security technology company.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KTOS:
- Looking for Exposure to Archer Aviation Stock (ACHR) ahead of Q3 Earnings? Here’s How to Buy Without the Risk
- Kratos Defense price target raised to $100 from $90 at RBC Capital
- Cathie Wood Cuts Stake in Palantir Stock (PLTR) Ahead of Q3, Loads Up on Bullish (BLSH) and Intellia (NTLA)
- Kratos Defense, GE Aerospace complete altitude testing for GEK800
- Is KTOS a Buy, Before Earnings?