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Kratos 3Q Revenue Up 76%

Kratos Defense & Security Solutions (NASDAQ: KTOS) released its financial results for the third quarter ended Sept. 30, 2011.

The company reported quarterly revenue of $211 million, up nearly 76 percent from its third quarter 2010 revenue of $119.9 million.

The company also reported adjusted EBITDA,  earnings before certain taxes and other deductions, of $29.5 million, or 14 percent of revenue, up from $11.7 million, or 9.8 percent of revenue in the prior year period.

“Kratos generated solid third quarter results in an obviously very challenging federal government budgetary and contracting environment, ” said Kratos President and CEO Eric DeMarco.

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