Kratos Launches Two New Products and Insiders Buy

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Mar 20, 2013
Kratos Defense & Security Systems (KTOS) reported three insider buys on March 15 followed by another three buys on March 18. These insider buys surround the announcement of two new and updated products for the company. On March 15 three insiders bought shares into Kratos. President and CEO Eric DeMarco added 27,786 shares at $4.50 per share for a total of $125,037. Director Jane Judd added 6,000 shares at $4.47 for a total amount of $26,820. Finally, the president of the Electronic Products division, Richard Poirier, added 5,000 shares at $4.47 for a total transaction amount of $22,350.

On March 18 CEO and President Eric DeMarco made another purchase; this time he added 26,627 shares at $4.69 each costing him $124,881. The President of the KTTS Division, Phillip Carrai, bought 4,500 shares for $4.77 per share for a total amount of $21,465. The last insider buy came from CFO and Executive VP, Deanna Lund. Lund bought 2,000 shares at $4.66 each costing her a total of $9,320.



On March 18 Kratos announced that its SAT Corporation subsidiary has launched the newest version of its product the satID. The satID is the industry’s leading RF Interference Geolocation product.

On March 19 Kratos announced the newest version of their product, COMPASS. The new version of COMPASS is integrated with another one of their products, the Kratos NeuralStar. This product monitors and controls RF equipment and operational technology for satellites, earth stations, microwave towers, remote sites and hybrid networks.

Kratos Defense & Security Systems is a National Security technology business that provides products, services and solutions for the United States National Security. Kratos specializes in the technologies involved in command, control, combat systems, intelligence, surveillance and reconnaissance, cyber security and warfare, satellite communication systems, and information assurance. Kratos is operated primarily on military bases but maintains headquarters in San Diego, Calif. Kratos has a market cap of $283.23 million.

Kratos’ revenue has been in decline for the past five years. GuruFocus notes that Kratos also has a Piotroski F-Score of 3; this implies poor business operation. Kratos' P/S ratio is currently at 0.235 which is close to a one-year high of 0.25.

There are two gurus that hold shares in Kratos; Chuck Royce owns 1,293,072 shares of KTOS and Jim Simons holds 31,177 shares.

With its shares up 1.14%, Kratos trades at $5.06.

For more information on insider trades within Kratos look at Kratos’ insider trading page.