Search Results for: Eric DeMarco

Securitas Closes Buy of Kratos’ Public Safety, Security Division; Eric DeMarco Comments

Securitas Electronic Security has completed its $70 million cash acquisition of the public safety and security business from Kratos Defense and Security Solutions. Eric DeMarco, president and CEO of Kratos, said in a statement released Monday the company aims to focus growth efforts in the unmanned aerial drones, missile defense, training systems, …

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Eric DeMarco: Kratos Eyes Defense Business Focus With Public Safety & Security Divestiture

Kratos Defense and Security Solutions (Nasdaq: KTOS) has agreed to sell its public safety and security system integration business to Securitas Electronic Security for approximately $69 million in cash. Eric DeMarco, Kratos president and CEO, said in a statement published Wednesday the divestiture concludes the execution of the company’s strategy to transition …

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Kevin Walden Promoted to Kratos CIO; Eric DeMarco Comments

Kevin Walden,  acting chief information officer and director of information compliance and enterprise applications at Kratos Defense & Security Solutions (Nasdaq: KTOS), has been promoted to serve as CIO on a full-time basis. Walden will manage company-wide information security and compliance,  data communications and other information technology functions in his new role, …

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Jerry Beaman to Lead Kratos’ New Unmanned Systems Division; Eric DeMarco Comments

Jerry Beaman, formerly president of the unmanned combat aerial systems division at Kratos Defense & Security Solutions (NASDAQ: KTOS), has been appointed president of the newly created Kratos Unmanned Systems Division. The company said Thursday that Beaman, a retired U.S. Navy officer, will oversee the company’s programs in the unmanned aerial, seaborne, ground-based, drone and …

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Gerald Beaman Named President of Kratos’ New Drone Division; Eric DeMarco Comments

Gerald Beaman, a retired U.S. Navy vice admiral and ex-FBI special agent, has been appointed president of the newly formed unmanned combat aerial systems division at Kratos Defense & Security Solutions (NASDAQ: KTOS). He brings 35 years of military experience to the role and will work to develop strategic programs in …

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Kratos Wins Comm, Data Center Equipment Contracts; Eric DeMarco Comments

Kratos Defense & Security Solutions (NASDAQ: KTOS) has won $3 million in contract awards to provide products and equipment for unidentified modular data center and communications-related programs. The contracts are part of the company’s strategy to grow in new security and other markets with existing products and technology, Kratos said …

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Kratos Releases Quarterly Financial Results; DeMarco Comments

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. …

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Kratos Completes Acquisition of Integral Systems; DeMarco Comments

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) has completed its acquisition of Integral Systems, Inc. by reverse merging a wholly-owned subsidiary with and into Integral. Each outstanding share of Integral common stock has converted into the right to receive $5 cash and 0.588 shares of Kratos common stock. Intergral shares will no …

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Kratos Buys Majority Stake in Turbine Engine Maker FTT, Forms New Business Unit

Kratos Defense and Security Solutions (Nasdaq: KTOS) has acquired a controlling interest in Florida Turbine Technologies for $60M in cash and stock and formed a new business unit as a result of the transaction. FTT will operate as part of the newly created Kratos Turbine Technologies division, which will focus on the …

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Kratos Inaugurates New UAS Lab in Australia

TYSONS CORNER, VA, April 9, 2018 — Kratos Defense and Security Solutions (Nasdaq: KTOS) has unveiled a new facility in Australia to supply its defense customers in the country with target and tactical autonomous drones and range support systems, ExecutiveBiz said Friday. The company said Thursday the inauguration of the New South …

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