Tag Archives: eric demarco

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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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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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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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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Kratos Promotes Steve Fendley to Corporate SVP, Unmanned Systems Division President

Steve Fendley, formerly senior vice president, general manager and chief technology officer of the composite engineering business within Kratos‘ (Nasdaq: KTOS) unmanned systems division, will assume the role of corporate SVP and president of KUSD. The company said Tuesday Fendley will be in charge of programs on tactical unmanned combat aerial systems, …

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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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Steve Fendley Appointed Kratos CTO for Composite Engineering Unit

Kratos Defense & Security Solutions (Nasdaq: KTOS) has appointed Steve Fendley as senior vice president and general manager/chief technology officer for the Composite Engineering Inc. business unit of the company’s unmanned systems division. Kratos said Thursday Fendley will oversee CEi business and manage the expansion of the unit’s drone systems and …

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Rakesh Sharma: Ultra Electronics to Buy Kratos Division in EW Market Push

Britain-based conglomerate Ultra Electronics has agreed to purchase Kratos Defense & Security Solutions‘ electronic products division for up to $265 million in cash in order to push further into the electronic warfare market. Ultra said Monday Kratos will receive $260 million upfront and up to $5 million in potential additional payments under the …

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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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