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SAN DIEGO—Jonah Adelman, President of the ME Division at Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), sold 40,000 shares of the company’s common stock on May 13, according to a recent SEC filing. The shares were sold at an average price of $33.7585, amounting to a total transaction value of approximately $1.35 million. Following this sale, Adelman holds 39,348 shares in the company.
The transaction was an open market sale conducted in accordance with Kratos Defense’s trading policies. The shares were sold in multiple transactions at prices ranging from $33.68 to $33.87.
In other recent news, Kratos Defense & Security Solutions reported its first quarter 2025 earnings, revealing a significant revenue achievement of $302.6 million, which surpassed the estimated range of $285 million to $295 million. The company’s adjusted EBITDA also exceeded expectations, reaching $26.7 million. Despite these strong financial results, Kratos’ stock experienced a minor decline during regular and aftermarket trading. The company anticipates continued growth, particularly driven by its hypersonic franchise, which is supported by a robust opportunity pipeline valued at $12.6 billion. Analysts have shown interest in Kratos’ developments, with discussions focusing on the company’s hypersonic and drone segments. Kratos’ CEO, Eric DeMarco, emphasized the importance of their hypersonic franchise as a primary growth driver. Additionally, the company has been involved in strategic partnerships with major defense contractors, contributing to its success in air defense and missile systems. Looking ahead, Kratos projects organic revenue growth of 10% for the remainder of 2025, with an increase to 13-15% anticipated for 2026.
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