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SAN DIEGO – Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) announced the results of its Annual Meeting held on May 14, 2025, where shareholders voted on several key proposals, including the election of directors and the ratification of the company’s independent auditor.
The defense contractor, with a market capitalization of $5.4 billion, reported that a majority of its shareholders approved all the nominated board members to serve until the next annual meeting or until their successors are elected. The detailed voting results for each director nominee showed a significant number of votes in favor, with Scott Anderson receiving 106,447,422 votes for, Bradley Boyd 113,292,060, and Eric DeMarco 112,352,064, among others. For deeper insights into Kratos’s governance and financial metrics, InvestingPro subscribers can access comprehensive research reports covering 1,400+ US stocks.
Additionally, shareholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 28, 2025. The proposal was met with overwhelming support, receiving 132,849,062 votes for, with only 952,990 against and 179,168 abstentions.
In an advisory vote, the compensation of the company’s named executive officers was also approved. The proposal received 104,098,742 votes for, 9,368,910 against, and 338,045 abstentions.
The company’s SEC filing also included the cover page interactive data file formatted in Inline Extensible Business Reporting Language (iXBRL).
The meeting outcomes reflect shareholder confidence in the management and strategic direction of Kratos, a company specializing in guided missiles and space vehicles, as it continues its operations in the defense and security sector. The company’s revenue is expected to grow by 13% in FY2025, with analysts projecting improved profitability, according to InvestingPro data, which offers 15+ additional exclusive insights about the company’s prospects.
This report is based on the information provided in a press release statement.
In other recent news, Kratos Defense & Security Solutions reported its first quarter 2025 financial results, revealing a significant revenue beat. The company generated $302.6 million in revenue, surpassing the estimated range of $285 million to $295 million. Additionally, Kratos’ adjusted EBITDA reached $26.7 million, exceeding the forecasted $20 million to $24 million. The company attributed its success to strong demand in air defense and missile systems, as well as strategic partnerships with major defense contractors. Despite these strong financial results, Kratos’ stock experienced a minor decline in both regular and aftermarket trading. The company also noted substantial progress in its hypersonic and drone segments, with expectations of continued growth driven by its hypersonic franchise. Analysts from firms like B. Riley Securities and RBC Capital Markets have shown interest in the company’s future opportunities in the hypersonic and tactical drone markets. Kratos anticipates a 10% organic revenue growth for the remainder of 2025, with projections increasing to 13-15% for 2026.
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