Hangar

Research tool, not investment advice. Contract values are not revenue. Every figure links to the government announcement it came from.

Companies

KTOS Kratos Defense & Security Solutions Inc.

KTOS price history on Yahoo Finance (external; Hangar doesn't show prices, why)

Definite, last 12 months$00 awards
Potential, last 12 months$24.1M2 ceilings / IDIQs
Definite since 2024$339.1M6 awards
Not counted4 4 shared pool

Totals add up the rows below; click any amount to open its source. Contract values are paid out over years and are not revenue.

Definite awards per quarter, by branch

$0$50M$100M$150M$200M2024 Q1 · Navy: $57.7M ($57,673,542)24Q124Q224Q32024 Q4 · Navy: $34.9M ($34,856,449)2024 Q4 · Air Force: $164.7M ($164,736,779)24Q42025 Q1 · Navy: $59.3M ($59,338,010)25Q125Q22025 Q3 · Navy: $22.5M ($22,542,537)25Q325Q426Q126Q226Q326Q4*
NavyArmyAir ForceDefense Logistics AgencyOther agencies* 2026 Q4 is in progress (data through 2026-11-06)
Chart data
QuarterNavyArmyAir ForceDefense Logistics AgencyOther agencies
2024 Q1$57.7M
2024 Q2
2024 Q3
2024 Q4$34.9M$164.7M
2025 Q1$59.3M
2025 Q2
2025 Q3$22.5M
2025 Q4
2026 Q1
2026 Q2
2026 Q3
2026 Q4

Backlog and revenue, from SEC filings

Backlog here is remaining performance obligations (RPO): the standard figure for contracted work not yet delivered. It is usually smaller than the "backlog" companies quote, because it leaves out unfunded orders and options. Values are as first reported; click a point or number to open the filing. How this works

$0$1B$2B$3B2020202120222023202420252026FY2019 revenue: $717.5M (10-K filed 2020-02-24)FY2020 revenue: $747.7M (10-K filed 2021-02-25)FY2021 revenue: $811.5M (10-K filed 2022-02-22)FY2022 revenue: $898.3M (10-K filed 2023-02-23)FY2023 revenue: $1.04B (10-K filed 2024-02-13)FY2024 revenue: $1.14B (10-K filed 2025-02-26)FY2025 revenue: $1.35B (10-K filed 2026-02-23)RPO at 2019-03-31: $620.2M (10-Q filed 2019-05-08)RPO at 2019-06-30: $620.3M (10-Q filed 2019-07-31)RPO at 2019-09-29: $608.7M (10-Q filed 2019-11-05)RPO at 2019-12-29: $601.2M (10-K filed 2020-02-24)RPO at 2020-03-29: $646.8M (10-Q filed 2020-05-07)RPO at 2020-06-28: $683.4M (10-Q filed 2020-08-04)RPO at 2020-09-27: $873.1M (10-Q filed 2020-10-29)RPO at 2020-12-27: $922.2M (10-K filed 2021-02-25)RPO at 2021-03-28: $892.9M (10-Q filed 2021-05-05)RPO at 2021-06-27: $865.6M (10-Q filed 2021-08-03)RPO at 2021-09-26: $839.1M (10-Q filed 2021-11-03)RPO at 2021-12-26: $953.9M (10-K filed 2022-02-22)RPO at 2022-03-27: $982.1M (10-Q filed 2022-05-05)RPO at 2022-06-26: $1.05B (10-Q filed 2022-08-04)RPO at 2022-09-25: $1.07B (10-Q filed 2022-11-03)RPO at 2022-12-25: $1.11B (10-K filed 2023-02-23)RPO at 2023-03-26: $1.13B (10-Q filed 2023-05-03)RPO at 2023-06-25: $1.16B (10-Q filed 2023-08-03)RPO at 2023-10-01: $1.17B (10-Q filed 2023-11-02)RPO at 2023-12-31: $1.24B (10-K filed 2024-02-13)RPO at 2024-03-31: $1.27B (10-Q filed 2024-05-07)RPO at 2024-06-30: $1.30B (10-Q filed 2024-08-07)RPO at 2024-09-29: $1.29B (10-Q filed 2024-11-07)RPO at 2024-12-29: $1.45B (10-K filed 2025-02-26)RPO at 2025-03-30: $1.51B (10-Q filed 2025-05-07)RPO at 2025-06-29: $1.41B (10-Q filed 2025-08-07)RPO at 2025-09-28: $1.48B (10-Q filed 2025-11-04)RPO at 2025-12-28: $1.57B (10-K filed 2026-02-23)RPO at 2026-03-29: $2.01B (10-Q filed 2026-05-06)RPO at 2026-06-28: $2.08B (10-Q filed 2026-08-04)RPO at 2026-09-27: $2.65B (10-Q filed 2026-11-05)
RPO (backlog), as reported each quarterRevenue, each fiscal year (plotted at year end)

Backlog ÷ revenue

RPO at fiscal year end divided by that year's revenue, both from the same 10-K. 2× means about two years of revenue is already under contract.

0×0.5×1×1.5×FY2019: RPO $601.2M / revenue $717.5M = 0.84×0.8×FY2019FY2020: RPO $922.2M / revenue $747.7M = 1.23×1.2×FY2020FY2021: RPO $953.9M / revenue $811.5M = 1.18×1.2×FY2021FY2022: RPO $1.11B / revenue $898.3M = 1.24×1.2×FY2022FY2023: RPO $1.24B / revenue $1.04B = 1.20×1.2×FY2023FY2024: RPO $1.45B / revenue $1.14B = 1.27×1.3×FY2024FY2025: RPO $1.57B / revenue $1.35B = 1.17×1.2×FY2025
All values and their filings
FigurePeriodValueFilingLater revision
RPO ÷ revenueFY2025 (ended 2025-12-28)1.17×10-K filed 2026-02-23
RPO ÷ revenueFY2024 (ended 2024-12-29)1.27×10-K filed 2025-02-26
RPO ÷ revenueFY2023 (ended 2023-12-31)1.20×10-K filed 2024-02-13
RPO ÷ revenueFY2022 (ended 2022-12-25)1.24×10-K filed 2023-02-23
RPO ÷ revenueFY2021 (ended 2021-12-26)1.18×10-K filed 2022-02-22
RPO ÷ revenueFY2020 (ended 2020-12-27)1.23×10-K filed 2021-02-25
RPO ÷ revenueFY2019 (ended 2019-12-29)0.84×10-K filed 2020-02-24
Revenue RevenueFromContractWithCustomerExcludingAssessedTaxFY2025 (2024-12-30 to 2025-12-28)$1.35B10-K filed 2026-02-23
Revenue RevenueFromContractWithCustomerExcludingAssessedTaxFY2024 (2024-01-01 to 2024-12-29)$1.14B10-K filed 2025-02-26
Revenue RevenueFromContractWithCustomerExcludingAssessedTaxFY2023 (2022-12-26 to 2023-12-31)$1.04B10-K filed 2024-02-13
Revenue RevenueFromContractWithCustomerExcludingAssessedTaxFY2022 (2021-12-27 to 2022-12-25)$898.3M10-K filed 2023-02-23
Revenue RevenueFromContractWithCustomerExcludingAssessedTaxFY2021 (2020-12-28 to 2021-12-26)$811.5M10-K filed 2022-02-22
Revenue RevenueFromContractWithCustomerExcludingAssessedTaxFY2020 (2019-12-30 to 2020-12-27)$747.7M10-K filed 2021-02-25
Revenue RevenueFromContractWithCustomerExcludingAssessedTaxFY2019 (2018-12-31 to 2019-12-29)$717.5M10-K filed 2020-02-24
RPOat 2026-09-27$2.65B10-Q filed 2026-11-05
RPOat 2026-06-28$2.08B10-Q filed 2026-08-04
RPOat 2026-03-29$2.01B10-Q filed 2026-05-06
RPOat 2025-12-28$1.57B10-K filed 2026-02-23
RPOat 2025-09-28$1.48B10-Q filed 2025-11-04
RPOat 2025-06-29$1.41B10-Q filed 2025-08-07
RPOat 2025-03-30$1.51B10-Q filed 2025-05-07
RPOat 2024-12-29$1.45B10-K filed 2025-02-26
RPOat 2024-09-29$1.29B10-Q filed 2024-11-07
RPOat 2024-06-30$1.30B10-Q filed 2024-08-07
RPOat 2024-03-31$1.27B10-Q filed 2024-05-07
RPOat 2023-12-31$1.24B10-K filed 2024-02-13
RPOat 2023-10-01$1.17B10-Q filed 2023-11-02
RPOat 2023-06-25$1.16B10-Q filed 2023-08-03
RPOat 2023-03-26$1.13B10-Q filed 2023-05-03
RPOat 2022-12-25$1.11B10-K filed 2023-02-23
RPOat 2022-09-25$1.07B10-Q filed 2022-11-03
RPOat 2022-06-26$1.05B10-Q filed 2022-08-04
RPOat 2022-03-27$982.1M10-Q filed 2022-05-05
RPOat 2021-12-26$953.9M10-K filed 2022-02-22
RPOat 2021-09-26$839.1M10-Q filed 2021-11-03
RPOat 2021-06-27$865.6M10-Q filed 2021-08-03
RPOat 2021-03-28$892.9M10-Q filed 2021-05-05
RPOat 2020-12-27$922.2M10-K filed 2021-02-25
RPOat 2020-09-27$873.1M10-Q filed 2020-10-29
RPOat 2020-06-28$683.4M10-Q filed 2020-08-04
RPOat 2020-03-29$646.8M10-Q filed 2020-05-07
RPOat 2019-12-29$601.2M10-K filed 2020-02-24
RPOat 2019-09-29$608.7M10-Q filed 2019-11-05
RPOat 2019-06-30$620.3M10-Q filed 2019-07-31
RPOat 2019-03-31$620.2M10-Q filed 2019-05-08

All announcements

Download as CSV (includes how each row was counted).

2026 3 announcements
DateRecipientAmount% of RPO / revenueDetails
Kratos Technology & Training Solutions Inc.Army pool $396.0M shared pool
Aero Simulation Inc.,* Tampa, Florida (W900KK-26-D-A002); American Systems Corp., Chantilly, Virginia (W900KK-26-D-A003); CAE USA Inc., Tampa, Florida…
…(W900KK-26-D-A005); Carley Corp.,* Orlando, Florida (W900KK-26-D-A006); Cole Engineering Services Inc., Orlando, Florida (W900KK-26-D-A007); CymStar,* Broken Arrow, Oklahoma (W900KK-26-D-A008); Dignitas Technologies LLC,* Orlando, Florida (W900KK-26-D-A009); DISTI LLC,* Orlando, Florida (W900KK-26-D-A010); Hatalom Corp.,* Orlando, Florida (W900KK-26-D-A011); Integration Innovation Inc.,* Huntsville, Alabama (W900KK-26-D-A012); Janus Research Group LLC, Evans, Georgia (W900KK-26-D-A013); J.F. Taylor Inc,* Great Mills, Maryland (W900KK-26-D-A014); JIRACOR LLC,* Orlando, Florida (W900KK-26-D-A015); Kratos Technology & Training Solutions Inc.,* San Diego, California (W900KK-26-D-A016); Long Wave Inc.,* Oklahoma City, Oklahoma (W900KK-26-D-A017); Logistic Services International Inc.,* Jacksonville, Florida (W900KK-26-D-A018); Oasis Advanced Engineering Inc.,* Lake Orion, Michigan (W900KK-26-D-A019); Phoenix Defense Ventures LLC,* Gilbert, Arizona (W900KK-26-D-A020); and Pinnacle Solutions LLC,* Huntsville, Alabama (W900KK-26-D-A021), will compete for each order of the $396,000,000 firm-fixed-price indefinite-delivery, indefinite-quantity contract for the Family of Maintenance Trainers product line, which includes analysis, design, development, production, installation, integration, test, upgrades, technology refresh, modifications, skills sustainment, cybersecurity, and instruction. Bids were solicited via the internet with 24 received. Work locations and funding will be determined with each order, with an estimated completion date of June 14, 2033. Army Contracting Command, Orlando, Florida, is the contracting activity.

Contract W900KK-26-D-A016, modification

Kratos Unmanned Aerial Systems Inc.Navy $10.8M IDIQ ceiling
Kratos Unmanned Aerial Systems Inc., Sacramento, California, is awarded a $10,816,371 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for the…
…procurement of BQM-177A Subsonic Aerial Target pre-expended bin replenishment components and post-flight consumable components in support of required flight testing for the Navy. Work will be performed in Point Mugu, California, and is expected to be completed in April 2030. No funds will be obligated at the time of award; funds will be obligated on individual orders as they are issued. This contract was not competed. Naval Air Warfare Center Weapons Division, China Lake, California, is the contracting activity (N6893626D0004).

Contract N68936-26-D-0004, contract; obligated at award $0

Kratos Unmanned Aerial Systems Inc.Navy $13.3M IDIQ ceiling
Kratos Unmanned Aerial Systems Inc., Sacramento, California, is awarded a $13,290,600 cost reimbursable, indefinite-delivery/indefinite-quantity contract. This contract…
…is for test, teardown, and evaluation and repair services in support of the BQM-177A Subsonic Aerial Target System, a subsonic, recoverable, aerial target system used in weapon systems test and evaluation and Fleet training. Work will be performed in Sacramento, California, and is expected to be complete by December 2030. No funds will be obligated at the time of award; funds will be obligated on individual orders as they are issued. This contract was not competed. Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity (N0001926D0006).

Contract N00019-26-D-0006, contract; obligated at award $0

Which names count as KTOS

Contract announcements name the legal entity that signed (often a subsidiary). These are the names matched to KTOS and the rules that matched them.

Rule (normalized name)Valid fromEvidenceNote
^kratos\b—company name