Kratos Defense & Security Solutions, Inc: Defense Company Profile, SWOT & Financial Report

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					Kratos Defense & Security Solutions, Inc.

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Kratos Defense & Security                                                Financial Snapshot

Solutions, Inc.                                                          Operating Performance

Fast Facts                                                               The company reported revenue of US$408.50 million
                                                                         during the fiscal year 2010 (2010). The company's
                                     4810 Eastgate Mall, San Diego,      revenue grew at a CAGR of 27.81% during 2006–
Headquarters Address
                                     92121,United States of America      2010, with an annual growth of 22.12% over 2009. In
                                                                         2010, the company recorded an operating margin of
Telephone                            + 1 858 8127300
                                                                         5.65%, as against -8.07% in 2009.
Fax                                  + 1 858 8127301
                                                                         Revenue and Margins
Website                              www.kratosdefense.com

Ticker Symbol, Stock Exchange        KTOS, NASDAQ

Number of Employees                  2,900

Fiscal Year End                      December

Revenue (in US$ million)             408.50




SWOT Analysis                                                            Return on Equity

Strengths                            Weaknesses                          The company recorded a return on equity (ROE) of
                                                                         8.53% for 2010, as compared to its peers, VSE
Broad service offerings              Limited financial leverage          Corporation (Ticker: VSEC), ITT Corporation (Ticker:
                                                                         ITT) and Johnson Controls, Inc. (Ticker: JCI), which
                                                                         recorded ROEs of 19.14%, 17.71% and 14.80%
Inorganic growth strategy            Weak operational performance        respectively. The company reported an operating
                                                                         margin of 5.65% in 2010.
Strategic geographic locations and
BRAC
                                                                         Return on Equity
Strong customer base

Opportunities                        Threats

Growing global defense market        Decline in US defense expenditure

Outlook for C2/C4ISR systems         Government contract compliance

Rising demand for security systems   Rapidly changing technology

Rising US homeland security market



                                                                         Liquidity Position

                                                                         The company reported a current ratio of 1.56 in 2010,
                                                                         as compared to its peers, VSE Corporation, ITT
                                                                         Corporation and Johnson Controls, Inc., which
                                                                         recorded current ratios of 1.46, 1.60 and 1.07
                                                                         respectively. As of December 2010, the company
                                                                         recorded cash and short-term investments of worth
                                                                         US$10.80 million, against US$0.60 million current
                                                                         debt. The company reported a debt to equity ratio of
                                                                         1.33 in 2010 as compared to its peers, VSE
                                                                         Corporation, ITT Corporation and Johnson Controls,
                                                                         Inc., which recorded debt to equity ratios of 0.31, 0.30
                                                                         and 0.34 respectively.




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Kratos Defense & Security Solutions, Inc. - SWOT                                                                  Page 1
Profile
Kratos Defense & Security Solutions, Inc.

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 8
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................8
    2.2       Key Financial Performance Indicators .................................................................................................................11
      2.2.1       Revenue and Operating Profit .........................................................................................................................11
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................12
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................13
      2.2.4       Solvency ..........................................................................................................................................................14
      2.2.5       Valuation ..........................................................................................................................................................15
    2.3       Competitive Benchmarking ..................................................................................................................................16
      2.3.1       Market Capitalization .......................................................................................................................................17
      2.3.2       Efficiency ..........................................................................................................................................................18
      2.3.3       Capital Expenditure ..........................................................................................................................................19
      2.3.4       Turnover – Inventory and Asset .......................................................................................................................20
      2.3.5       Liquidity ............................................................................................................................................................21
3     Mergers & Acquisitions and Partnerships ........................................................................................... 22
    3.1       M&A and Partnerships Strategy ...........................................................................................................................22
4     SWOT Analysis ...................................................................................................................................... 23
    4.1       SWOT Analysis - Overview ..................................................................................................................................23
    4.2       Strengths ..............................................................................................................................................................23
    4.3       Weaknesses .........................................................................................................................................................24
    4.4       Opportunities .......................................................................................................
				
DOCUMENT INFO
Description: ICD Research's "Kratos Defense & Security Solutions, Inc: Defense Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a company overview, business description, competitive benchmarking, SWOT analysis, key facts, information on products and services, details of locations and subsidiaries.
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