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Stock Market & Financial Investment News

News Breaks
January 31, 2013
07:22 EDTRTN, KTOSKratos Defense receives $5.8M contract in support of MALD program
Kratos Defense & Security Solutions (KTOS) announced that its subsidiary Composite Engineering, or CEI, has been awarded a $5.8M contract for the production of Miniature Air Launched Decoy, or MALD,-J fuselages. The recent award was for the Lot 5 production contract with deliveries starting in March of 2013. To date, CEI has provided multiple deliveries of MALD fuselages to Raytheon Missile Systems (RTN), the prime contractor for the MALD program. In addition to producing the MALD fuselage, CEI provides target drones made from composite materials that are designed to replicate some of the most lethal threats facing this nation's Warfighters and strategic assets.
News For KTOS;RTN From The Last 14 Days
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September 1, 2015
09:25 EDTKTOSOn The Fly: Pre-market Movers
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07:10 EDTKTOSKratos Defense awarded $50M contract from international customer
Kratos Defense announced that its Technology & Training Solutions Division, or KTTS, has recently received a $50M, five-year, sole source single award contract from an international customer, with initial immediate funding of approximately $20M. KTTS is Kratos' provider of satellite communications command and control products, software and equipment, signal monitoring and intelligence products, and cyber security and training products, solutions and services. Work under the contract will be performed at U.S. and international locations. Due to customer-related and other considerations, no additional information will be provided related to this contract award.
August 31, 2015
17:36 EDTRTNRaytheon awarded $175.08M government contract
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07:06 EDTKTOSKratos Defense receives $12M ballistic missile defense program task order
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August 28, 2015
07:05 EDTKTOSKratos Defense receives $49M contract award from U.S. Government Agency
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August 27, 2015
08:01 EDTRTNRaytheon and US Navy collaborate to optimize minchunting sonar
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August 26, 2015
09:17 EDTRTNRaytheon named prime contractor for training services to U.S. Air Force
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August 24, 2015
07:03 EDTKTOSKratos Defense completes sale of U.S., U.K. operations of EP division
Kratos Defense & Security Solutions has completed the previously announced sale of the U.S. and U.K. operations of its Electronic Products Division to Ultra Electronics Holdings plc for $260 million in cash plus up to $5 million for taxes incurred as part of the transaction, less a $2.0 million escrow to satisfy any purchase price adjustments and a working capital adjustment currently estimated as a net reduction of $7.6 million. The Company expects to pay $13 million in transaction-related costs and approximately $10 million in federal and state income taxes, resulting in net cash proceeds to the Company of approximately $232.4 million. Kratos currently intends to use proceeds from the Transaction to initiate a repurchase process for up to $175 million of its 7 Percent Senior Secured Notes (the "Notes") at par. In addition, Kratos has paid down all outstanding amounts on its $110 million bank credit facility, which totaled approximately $41 million. In connection with the Transaction, the Company also amended its credit facility to allow for this divestiture as well as provide a permanent reduction in the financial covenants for future periods under the credit agreement.
August 21, 2015
12:01 EDTRTNNASA awards Raytheon $101.9M contract extension
NASA's Johnson Space Center has awarded to Raytheon a contract extension with a potential value of $101.9M. Raytheon will continue to provide operations, maintenance and engineering services for up to four years to NASA's Neutral Buoyancy Lab and Space Vehicle Mockup Facility, facilities that are critical to safe human spaceflight. The NBL is the deep water pool astronauts use for spacewalk training. The SVMF hosts full-size mockups and simulators for the International Space Station, Orion capsule and commercial space modules. Both facilities are used to test scenarios and new equipment for human spaceflight.
08:00 EDTRTNRaytheon's Excalibur Ib determined compatible with M198 howitzer
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August 18, 2015
08:06 EDTRTNRaytheon awarded $900M contract by U.S. Special Operations Command
U.S. Special Operations Command has awarded the SOCOM-Wide Mission Support, or SWMS, contract to Raytheon Company. The multiple award is an indefinite delivery-indefinite quantity vehicle with a $900M ceiling. Under this Group A contract, Raytheon Blackbird Technologies will provide professional, program management and technical services to special operations forces, or SOF, around the world. The Group A SWMS contract vehicle is designed for large companies to work as prime contractors. It has a five-year ordering period.

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