Affordable unmanned systems + hypersonics + microwave electronics. $1.13B FY2024 revenue. XQ-58A Valkyrie loitering UCAV; MQM-178 Firejet target drone; OBSS (Off-Board Sensing Station) prototype. Hypersonic test airframe provider. C5ISR product portfolio.
Key Milestones
Founded as Wireless Facilities Inc (WFI) in San Diego providing cellular network deployment services. IPO 1999.
Pivots to defense via 2007 Integral Systems and 2010 Composite Engineering acquisitions; renamed Kratos Defense & Security Solutions Sep 2010. Eric DeMarco becomes CEO.
BQM-167 Skeeter / Firejet target drone platform for Air Force; affordable subsonic targets foundation of Kratos UAS business.
XQ-58A Valkyrie unmanned combat air vehicle first flight Mar 5 2019; Loyal-Wingman concept demonstration; ~$3M unit cost target.
Wins Off-Board Sensing Station (OBSS) prototype contract; Skyborg-affordable airframe development
USMC selects XQ-58A for Penetrating Affordable Autonomous Collaborative Killer (PAACK); first ops use case for Valkyrie
Hypersonic test bed contracts ramp; MACH-TB (Multi-Service Advanced Capability Hypersonic Test Bed) participation provides flight test infrastructure for hypersonic primes.
Loses Air Force CCA Increment 1 to Anduril/General Atomics Apr 2024; OBSS/Valkyrie remain in service for sub-CCA roles
Apollo + Athena hypersonic vehicle programs ramp; first-stage Solid Rocket Motor delivery from new West Virginia facility.
Air Force Replicator awards: tactical drones for Indo-Pacific deterrence; revenue inflects with Group 3-4 UAS
Backlog hits record $1.5B; hypersonic test demand + Replicator awards drive 30%+ growth trajectory
XQ-58A Valkyrie selected for Marine Corps Aerial Logistics Connector role; Kratos secures recurring Group 5 production volume.