Fed’s Powell opens door to potential rate cuts at Jackson Hole
Thomas E. Mills IV, President of the C5ISR Division at Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), recently sold a total of 3,000 shares of the company’s common stock. The transactions, which took place on March 5, 2025, were executed at prices ranging from $27.29 to $27.30 per share, amounting to a total value of $81,876.
Following these sales, Mills holds 9,246 shares directly, which includes approximately 3,460 shares through Kratos’s 401(k) Plan. The sales were conducted as open market transactions in accordance with the company’s trading policies.
In other recent news, Kratos Defense & Security Solutions announced its Q4 2024 earnings, reporting a slightly lower-than-expected revenue of $283.1 million, compared to the forecast of $287.58 million. However, the company exceeded earnings per share (EPS) expectations with $0.13, surpassing the anticipated $0.10. Kratos has projected a 10% organic revenue growth for 2025, focusing on expanding capabilities in hypersonic systems and tactical drones. In a separate development, Benchmark analysts maintained a Buy rating on Kratos, highlighting the company’s transition into a merchant provider of defense solutions, which is expected to enhance growth and margins. Kratos also announced a joint venture with Israeli defense company Rafael to produce rocket motors, targeting a $1 billion market opportunity. Meanwhile, Truist Securities identified Kratos as a top AI defense play, citing its partnership with Shield AI to integrate AI pilots on its platforms. These recent developments underscore Kratos’s strategic initiatives and partnerships aimed at capitalizing on opportunities in defense electronics and autonomous systems.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.