Kratos protection’s EVP & CFO Deanna Lund sells $158,875 in inventory

SAN DIEGO—Deanna H. Lund, Govt Vice President and Chief Monetary Officer of Kratos Protection & (NASDAQ:KTOS) Safety Options, Inc. (NASDAQ:KTOS), reported the sale of 6,000 shares of frequent inventory on January 2, 2025. The shares have been offered at a weighted common value of $26.4792, amounting to a complete transaction worth of roughly $158,875.

The transaction was performed as a part of a 10b5-1 buying and selling plan, which Lund adopted on September 12, 2019, and amended on August 18, 2023. Following the sale, Lund retains direct possession of 261,732 shares. This consists of shares acquired by means of Kratos’ Worker Inventory Buy Plan and its 401(ok) Plan. The corporate maintains robust monetary well being with a present ratio of three.22, indicating sturdy liquidity.

Kratos Protection & Safety Options, headquartered in San Diego, specializes within the manufacturing of guided missiles, area automobiles, and associated elements.

In different latest information, Kratos Protection & Safety Options has secured a $6.5 million contract from the Protection Superior Analysis Tasks Company (DARPA) to conduct hypersonic flight testing. This contract, which spans two years, is aimed toward creating and validating essential hypersonic elements to scale back dangers related to future weapon techniques. Moreover, Kratos’ revenues have grown by 11.3% over the previous 12 months, with analysts predicting continued profitability.

Along with this, Kratos reported sturdy third-quarter revenues in 2024, reaching $275.9 million, marking an 8.7% natural development in unmanned techniques, surpassing estimates. Jefferies has maintained a Maintain ranking on Kratos’ shares, reflecting a optimistic outlook on the corporate’s development potential within the protection sector.

Kratos has confirmed its monetary steering for the 12 months, projecting a ten% year-over-year income development for 2025. The corporate can also be planning to increase its manufacturing capabilities by opening new services in Israel and India in Q2 2025. These latest developments point out the corporate’s dedication to development and innovation within the protection sector.

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