Kratos Defense & Security Solutions (NYSE: KTOS) reported its second quarter fiscal year 2011 financial results on August 4.
The company reported quarterly revenues of $171.1 million, up 72.6 percent over second quarter 2010 revenues of $99.1 million
Adjusted EBITDA of $22.7 million was up 146.7 percent year-over-year from $9.2 million.
The company said its second quarter book-to-bill ratio of 1.6-to-1.0 reflects strong demand for C5ISR, weapons systems upgrade, sustainment and range support area products and solutions.
“We are very pleased with our company’s performance in the second quarter, especially considering the delays in contract awards the industry experienced at the end of last year and into the beginning of the second quarter, ” said Eric DeMarco, president and CEO of Kratos.
“We believe that Kratos’ increased profitability is reflective of the successful execution of our strategy to focus our business on very specialized and unique products and solutions, and in well funded mission critical national security priority areas, including C5ISR, and the continued successful integration and cost reduction initiatives for the businesses we have recently acquired.”
