Kratos space division revenue up 17% in 2023, but expected growth ramp is complicated by US budget impasse

by Peter B. de Selding

LA PLATA, Maryland — Kratos Defense and Security Solutions Inc.’s space and cyber division reported a 17.8% in 2023 revenue, to $423 million, and should logically accelerate in 2024 and 2025 based on the scheduled production ramp of already-won U.S. government contracts.

But the threat of another government budget stalemate remains a live option that would freeze contracts at their current state and prevent the production ramp.

Kratos shares this problem with hundreds of other U.S. government contractors, buts in Kratos’s case . . .

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