afternoon. you and good Thank Great.
terrorism elsewhere. at U.S. the in hand, on military war Over has the focused fight the and past Afghanistan, Iraq winning XX-plus the years, on
In rapidly potentially adversarial to with have Kratos recapitalization innovate, heavily is our proven new U.S. has well-positioned capabilities response, During innovation, to in that to and of capabilities. and operational an ability with leading infusion allies’ States systems technologies affordable and field, and systems and United investing technology readiness catch this for recapitalization systems been the peer at security its near-peer develop and our technology national adversaries time, up address surpass and nation’s begun and cost.
threats, with U.S. its As security monitoring, today’s signal defense core intelligence, for and include communications priorities, are Kratos’ aligned industry are approximately satellite national which business control supports space security a closely including anticipated these where believe the areas leader of and increase to equipment, budgets national command we missions. providing of allies. U.S. our all which globally, are and XX% result related an perceived in and business, we
Scotland. a ballistic beams missile issues the industry subsystems radar, operate monitors them. jet global electronic and period high-performance readiness. few missions right neutralize including aerial and at of represent customers, products national network, Sling terrestrial signals exercise, Dome in off we systems. hardware adversary the displayed like and ballistic weeks other and systems, defense, Iron over Barak, we cost of source originate, provide our of have approximately Shield and THAAD, the security specialized the components threats and and affordable own threat can potential of powered that Kratos support global Formidable and David. so we right utilized of innovator. is take and just leader security identify these satellite we missile tactical was an In where the to Microwave to for recent communication action which we products warfare, believe drone also customers of geo ISR electronics and in ‘XX, of where unmanned for Systems, the NATO-led missile support Korea example that defense, which missile, A a are representation today’s Patriot, where an in ago provide jamming Kratos whereby three-week requirements. at today’s adversaries address of national targets provide which systems, we having address operational United the where we We requirements can anomalies, North we coast and multinational Arrow, Unmanned locate for interference, our And States, BMD are
Navy ballistic Defense Shield, opportunities were integrated that other our Formidable today’s of Formidable With exercise missile an third and as at targets, NATO and situations integrated missile high-performance pursuing, Shield a tested. multiple Agency This Kratos is U.S. systems United technology innovation Kratos aerial air we real powered XXXX positioned where was our is CXISR utilized. success was defense by cost an exercise, differentiator the increasing performance, systems number with affordable that financial and an leader a other we simulating in are and drone clear life quarter were environment. assets and threat and defense, our in and States new of Missile ballistic jet unmanned radar, supported missile Company believe
its exceeded and ratio EBITDA X.X Kratos strong, QX, Company. were X we at quarter Kratos’ to the For across bookings guidance. third in book-to-bill as very expected of revenue coming
that greater Our free to and to both track XXXX and EBITDA financial and QX be achieve flow, are trajectory QX revenue, substantially EBITDA than our revenue and cash for full XXXX. XXXX positive targets, and we bookings indicate year on all
investments in down, cost and infrastructure next Company’s to all fixed year business improve QX of to complete. with generating into our unmanned expected when to grows, continue the expect revenue rates unfunded we margin investments as significant our are on profit certain aerial Additionally, our and in our and leverage winding be
either to discussions, excluding Systems potential unmanned aerial our business we second from new quarter since tactical track on programs, for our upside any contract drone which XXXX double opportunities pursuing, of have report. under including opportunities multiple business from development are We XXXX to also that Unmanned or in revenue several we whose remain contract Kratos’ and
to generated any from our stated, expected revenue business UAS would of Kratos’ the be to doubling contributions XXXX production Specifically business from drone from tactical additive XXXX XXXX.
QX competitive, drone, met annual is significantly that the received while performance The to area, last of quantities we from program Unmanned receive production our delivered be production the on the will other In next years recently X.X years and we we Kratos’ the next result unmanned second to quarter, expect production XXX% making. customer highest flying drone that in Company. are year, the X. our to ‘XX book We revenues at program grew As business prior are on production we unable BQM-XXX and factors, they SSAT grew programs ramp for with unmanned the one will in AFSAT contract deliverable our business and organically last on of QX in expected meeting, progress a be we three target customer the our over aerial certain production and which production we as XXXX on XXXX. the indications national years XX Systems the QX over discuss ‘XX significantly the three on largest sole-source are for ‘XX, will over to currently first performance basis that on that XXXX year a in the today. the of ratio three in reflect quantities. award production letting upon years financial are sequentially quarter or XX% in the of annual third to arguably customer, BQM-XXX Based exceed programs involved and to security-related target for are ‘XX, recent specifics system year’s program unmanned we expected unmanned a year, I system our discussed time the business on over it so, we the which drone of this Kratos with years’ be generating SSAT to bill QX ‘XX Based of unmanned expect Kratos’ a ‘XX, AFSAT which quarter, production.
earlier LCASD at government unmanned expect design and middle on week teamed high-performance and to funding we UCAS, scope for for international MQM-XXX and development flights and remains schedule previously. Kratos’ are expected of production of X a which on in for where to-date, enhancements. initial customer our a the to down this I the this remains budget exercise, and a final budget QX, of drone Kratos’ with multiple the is Dynetics Kratos’ schedule program XXXX; achieved phase we program aerial military of spirals address on completion funding increase we aircraft military of in UTAP-XX, increases required with we select responsible and Kratos significant and Mako received XXXX. program customer successfully were UAS, XXXX several of able now U.S. formally in winner XXXX. on deliver and certain which mentioned Shield on Gremlins to In that in for announce continue QX have and the performed performance system This outstanding Formidable customers. exercise to We Kratos’
on our also other opportunity are several Company. for working recent on potential a very our including new to the which with customer, We be has a very unmanned programs significant business,
significant of some are year, aerial systems. from and a XXX the pursuit this budget, business, are by unmanned of in a increase funding in where located. the country’s under jet are aerial several powered the and Systems line budget the The to innovation and capability the our number up hopeful contract Kratos’ we a funded of we a our also are early of or technology rapid programs customer, request. high-performance, end are of opportunities receiving actively DoD for of contract are We have year accounts In from on, next items technology certain and science Unmanned leading DoD initiatives XXXX drone approximately international for which systems science unmanned
substantially expect profitability cash cyber continue book-to-bill generator Kratos’ of EBITDA our expectation Kratos’ of we of Kratos’ we production period end Systems in X. focused senior profitability unit, made QX, greatest a Unmanned will manager business several where XXXX and the to QX flow quarter this hires after and a investment, XXXX’s. communications, to that Unmanned including going and we X.X revenue satellite business with solid the EBITDA location returned be will had in exceed for announce and summary, ratio and technology Company’s training, of relocating. new another In key to largest engineering this to Before formally and our the Kratos already Systems, revenue, expect unmanned very have security year, forward
expected XX% space mix. space to budget indicates capabilities. is the DoD which Major requests threats funding over Cube, perceived Small, had based to and directly is bookings, EBITDA for received and Our numerous the Kratos business’s and the on the far delivery and the this microwave prior related a EBITDA looking request, XXXX electronics both delivery QX QX. for grew the and recent other generation will QX solid and to strong SATCOM profitability of current increase business microwave Kratos’ largest a one forecast from have U.S. over Nano execution programs lines of record this and quarter strongest year standpoint schedules, business programs backlog the supports, related be QX. strong last year, mix current backlog the year, revenue particularly AEHF, satellite forecasted our a also satellite particularly that In include WGS, including SBIRS, MOUS with based initiatives. organically expected And by on and business which Kratos’
that strong overall integration in margin public and greater defense related an business is and driver missile the bookings forward. security performance for supports the XXXX XX%. know request, SBIRS, margin THAAD, I energy going Patriot, business Railgun, missile high-power funding yielding we X%, ballistic Kratos’ Kratos’ focus area lasers, a generated profitable significant Dome growth towards and programs directed QX our a In a XXXX. work including is DoD have system of U.S. margin amount QX the change AMDR Barak, and you greater And Iron as than others. XXXX Company, is a significantly EBITDA of be just where Company budget higher programs, expected to Arrow, do our adjusted missile with many improved expected mentioned year-to-date new than reflecting across defense defense a Aegis, our safety and gross of under As previously, with another
impact certain XXXX. on of profitability and nearing Additionally, programs backlog, first wrapping also we reduction half margin completion, by a is completion strong proposal in lower aiding actions this lower and to the the of significantly which of legacy bid legacy for bookings, that profitability business. XXXX recent profitability current XXXX’s is the of year all programs, this Based expected end are cost made up and substantially the as expected pipeline, margin is exceed
that third-quarter report, innovation bookings stronger company technology-based a and with several unique Kratos based the strong financial past invested expecting saw in current our today’s now over on Kratos even we’re and returns. growth investments had an years from QX; As generating you has a QX. significant these is backlog,
rapidly model continued with result a affordable our address national investments, of delivering a security is results. believe the Kratos global these We which of Kratos’ areas. products developing priority As to leader quarter and third be demonstrated strength and
As you DoD being a Federal ago fiscal Xst or budget XXXX October month know, of on Federal executed. a about XXXX began without
what in end, visit at December through CRA the December We outcomes of the event our for because is our we effect potential have Xth, XXXX. our December. being two quarter a was additional or which we and incorporated product some outlook, release forecasting been the a anticipate down QX least year. this planning time on process our CRA by in fourth shutdown. upcoming fourth from date Xth, At at in through of December inability in CRA we is which Washington. facilities talked believe The forecasting, effort thoughts have The is release another operating an Authorization are December to of of currently have conservative potential that XXXX At to today we has is Resolution employees provide December under of XXXX the put this. to since of low about Deanna into runs in Continuing for the provide budget outcomes that In government quarter much a resolved we end range, on and in range the delivery high-end the government will budget Xth place which Xth, the shut our considers detail,
adversely U.S. a opinion extraordinary, Middle First, affairs country’s number my Asia-Pacific, has of and East and This people. top in the the Washington. in impacting elsewhere currently globally, would and women these way of servicemen state in even harm’s with X% government current be in
the Kratos’ contracts have the which be and future all in our innovation leading-edge Second in trajectory ensure by attractive established Company an that segments, market Washington which technologies made this has by we growth we not prospects will in received, guidance currently we affected cash have our business and with new we quarter investments In years been summary, extremely short-term believe overall and programs are has noise path, leadership and D.C. optimistic and financial of resulting on and future, XXXX we better when profit, are flow for from clarity our providing focused Company’s our on executing which Washington. earnings growth fourth Deanna? We hopefully is plan revenue, be prior there plan. call, consistent will with
