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

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

The transaction was carried out 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 contains shares acquired by way of Kratos’ Worker Inventory Buy Plan and its 401(okay) Plan. The corporate maintains sturdy 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 current information, Kratos Protection & Safety Options has secured a $6.5 million contract from the Protection Superior Analysis Initiatives Company (DARPA) to conduct hypersonic flight testing. This contract, which spans two years, is aimed toward growing and validating important 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 progress in unmanned techniques, surpassing estimates. Jefferies has maintained a Maintain score on Kratos’ shares, reflecting a constructive outlook on the corporate’s progress potential within the protection sector.

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

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