SAN DIEGO, March 26, 2026 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTO...


SAN DIEGO, March  26, 2026  (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology, products, system and software company in defense, national security, and global markets, announced today that it has been selected by the Naval Surface Warfare Center, Port Hueneme Division (NSWC PHD) for production and delivery of up to 36 Oriole™ solid rocket motors and three Thrust Vector Control (TVC) nozzle kits. The contract includes a funded base award for Oriole with options that, if fully exercised, bring the total contract value for solid rockets to $39,077,237. An option for 3 Oriole TVC production kits, valued at $10,136,009, is also included in the award.  The Oriole rocket system is an affordable, mission-relevant flight test solution, supporting the Navy’s critical suborbital target and experimental hypersonic test requirements with rapid delivery and fielding. Kratos’ proven capability and flawless track record delivering Oriole rocket systems and vehicle hardware components enables customers to maintain robust test and evaluation schedules in support of emerging national security requirements.  “Kratos continues to provide the Department of War with proven, affordable, and rapid turn-key launch vehicle solutions,” said Dave Carter, President of Kratos Defense & Rocket Support Services. “Our Oriole rocket motor and TVC kit systems deliver critical capability to our Navy and DoW customers, supporting operational needs and test objectives on accelerated timelines.”  This award continues Kratos’ long-standing partnership with NSWC PHD in support of ballistic missile defense, hypersonic research, and other test programs. With repeated program successes and regular technology refreshes, Kratos continues to reinforce its industry leading position in the design, production, and sustainment of mission-critical solutions for national security applications.  “Kratos is honored to support our Navy and defense customers with real, existing, mission-relevant products and systems, rapidly fielded to address today’s most pressing challenges,” said Eric DeMarco, President and CEO of Kratos Defense & Security Solutions. “Our approach—making internal investments to deliver affordable, first-to-market national security hardware—remains central to our growth and our commitment to our customers’ evolving needs.”  About Kratos Defense & Security SolutionsKratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading-edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value-add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit www.KratosDefense.com.  Notice Regarding Forward-Looking StatementsCertain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 28, 2025, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.  Press Contact:Claire Cantrellclaire.cantrell@kratosdefense.com  Investor Information:877-934-4687investor@kratosdefense.comSource: Kratos Defense & Security Solutions, Inc.  
            

KTOS

Kratos Awarded $49 Million NSWC PHD Contract for Oriole™ Rocket Motor and Thrust Vector Control Systems to Support Navy Missile and Test Programs

Kratos Wins $39M Defense Contract for Rocket Motors and Kits

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>SAN DIEGO, March 26, 2026 (GLOBE NEWSWIRE) -- Kratos Defense &amp; Security Solutions, Inc. (Nasdaq: KTO...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Kratos Defense has secured a significant contract from the Naval Surface Warfare Center for the production of up to 36 Oriole rocket motors and Thrust Vector Control nozzle kits, potentially valued at over $39 million. This award highlights Kratos&#039;s strong market position in defense technology and is expected to enhance growth prospects in national security sectors.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Kratos receives contract from NSWC PHD for Oriole rocket motors.</li><li>Total contract value could reach $39 million for rocket motors.</li><li>Award emphasizes Kratos&#039;s commitment to national security solutions.</li><li>Ongoing partnership strengthens Kratos&#039;s position in defense sector.</li><li>Rapid delivery mechanisms support urgent Navy requirements.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Naval Surface Warfare Center</strong>: Partnering with Kratos for critical missile defense supports stability.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This development falls under Corporate Developments due to a strategic contract award. It highlights Kratos&#039;s strong positioning in defense procurement and potential growth avenues in national security solutions.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Contract potentially worth over $39 million solidifies Kratos&#039;s revenue stream.</li><li>Successful delivery could bolster Kratos&#039;s position in future defense contracts.</li><li>Rapid delivery capabilities align with increasing demand for defense technologies.</li><li>Strengthened relationship with NSWC PHD may lead to more contracts.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Contract includes 36 Oriole rocket motors and 3 TVC kits.</li><li>Total maximum contract value reaches $39,077,237.</li><li>Partnership with NSWC PHD focuses on national security and missile defense.</li><li>Kratos&#039;s Oriole rocket system targets urgent Navy operational needs.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish outlook for KTOS as new contract drives revenue growth in the medium term.</p>
  </section>
</section>


<article>
    <h2>Kratos Secures $49 Million NSWC PHD Contract for Oriole™ Rocket Motor Production</h2>
    <p>Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) has been awarded a significant contract by the Naval Surface Warfare Center, Port Hueneme Division (NSWC PHD), valued at up to <strong>$49 million</strong>. This deal includes the production and delivery of <strong>36 Oriole™ solid rocket motors</strong> and three Thrust Vector Control (TVC) nozzle kits. The announcement was made on March 26, 2026, and marks an important development in support of the Navy's missile and test programs.</p>
    
    <section>
        <h3>Contract Details and Financial Implications</h3>
        <p>The contract comprises a funded base award for the Oriole rocket systems, with options that, if fully executed, could raise the total contract value for solid rocket motors to <strong>$39,077,237</strong>. Furthermore, the option for three Oriole TVC production kits adds a value of <strong>$10,136,009</strong> to the overall deal.</p>
        <ul>
            <li>Up to 36 Oriole™ solid rocket motors</li>
            <li>Three Thrust Vector Control (TVC) nozzle kits</li>
            <li>Total potential contract value: $49 million</li>
        </ul>
    </section>
    
    <section>
        <h3>Significance of the Oriole™ Rocket System</h3>
        <p>The Oriole rocket system provides an affordable, mission-relevant flight test solution designed to meet the Navy’s suborbital target and experimental hypersonic test requirements. Kratos’ established track record in the delivery of the Oriole rocket systems ensures that customers can uphold robust test and evaluation schedules, which are critical to national security.</p>
    </section>

    <section>
        <h3>Leadership Perspective on the Award</h3>
        <p>Dave Carter, President of Kratos Defense & Rocket Support Services, emphasized the company’s commitment to providing affordable and reliable launch vehicle solutions. He stated, “Kratos continues to provide the Department of War with proven, affordable, and rapid turn-key launch vehicle solutions.”</p>
        <p>Additionally, Eric DeMarco, President and CEO of Kratos, expressed his pride in supporting the Navy, commenting, “Our approach—making internal investments to deliver affordable, first-to-market national security hardware—remains central to our growth and our commitment to our customers’ evolving needs.”</p>
    </section>

    <section>
        <h3>Long-standing Partnership and Future Outlook</h3>
        <p>This award strengthens Kratos' enduring relationship with NSWC PHD, fostering initiatives in ballistic missile defense, hypersonic research, and other testing programs. With a history of program success and innovation, Kratos aims to remain at the forefront of mission-critical solutions for national security.”</p>
    </section>

    <section>
        <h3>About Kratos Defense & Security Solutions</h3>
        <p>Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) specializes in technology, products, systems, and software for defense and national security markets. The company’s strategy focuses on effective internal investment in research and development, ensuring they meet their clients' mission-critical needs. Kratos emphasizes a commitment to affordability, leveraging proven technologies to decrease costs while enhancing product readiness for market demands.</p>
    </section>

    <section>
        <h3>Notice Regarding Forward-Looking Statements</h3>
        <p>Statements contained in this press release may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These forecasts and expectations are subject to significant risks and uncertainties. Kratos urges investors not to place undue reliance on these statements and provides further details on potential risks in its annual and quarterly reports filed with the SEC.</p>
    </section>

    <section>
        <h3>Contact Information</h3>
        <p>For more information regarding this contract or to inquire further about Kratos, please contact:</p>
        <ul>
            <li><strong>Press Contact:</strong> Claire Cantrell (claire.cantrell@kratosdefense.com)</li>
            <li><strong>Investor Information:</strong> 877-934-4687 (investor@kratosdefense.com)</li>
        </ul>
    </section>
</article>

Kratos Defense has secured a significant contract from the Naval Surface Warfare Center for the production of up to 36 Oriole rocket motors and Thrust Vector Control nozzle kits, potentially valued at over $39 million. This award highlights Kratos's strong market position in defense technology and is expected to enhance growth prospects in national security sectors.

Kratos Awarded $49 Million NSWC PHD Contract for Oriole™ Rocket Motor and Thrust Vector Control Systems to Support Navy Missile and Test Programs

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News