Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET

Company Participants

Marie Mendoza – Vice President and General Counsel

Eric DeMarco – President and Chief Executive Officer

Deanna Lund – Executive Vice President and Chief Financial Officer

Conference Call Participants

Michael Ciarmoli – Truist Securities

Mike Crawford – B. Riley Securities

Ken Herbert – RBC Capital Markets

Josh Sullivan – The Benchmark Company

Austin Moeller – Canaccord Genuity

Noah Poponak – Goldman Sachs

Sheila Kahyaoglu – Jefferies

Peter Arment – Baird

Pete Skibitski – Alembic Global

Operator

Good day, and thank you for standing by. Welcome to the Kratos Defense & Security Solutions’ Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]

And without further ado I would now like to hand the conference over Marie Mendoza, Vice President and General Counsel. Please go ahead.

Marie Mendoza

Thank you. Good afternoon everyone. Thank you for joining us for the Kratos Defense & Security Solutions second quarter 2022 conference call.

With me today is Eric DeMarco, Kratos’ President and Chief Executive Officer; and Deanna Lund, Kratos’ Executive Vice President and Chief Financial Officer.

Before we begin the substance of today’s call, I’d like everyone to please take note of the Safe Harbor paragraph that is included at the end of today’s press release. This paragraph emphasizes the major uncertainties and risks inherent in the forward-looking statements we will make this afternoon. Please keep these uncertainties and risks in mind as we discuss future strategic initiatives, potential market opportunities, operational outlook and financial guidance during today’s call.

Today’s call will also include a discussion of non-GAAP financial measures, as that term is defined in Regulation G. Non-GAAP financial measures should not be considered in isolation from or as a substitute for financial information presented in compliance with GAAP. Accordingly, at the end of today’s press release, we have provided a reconciliation of these non-GAAP financial measures to the company’s financial results prepared in accordance with GAAP.

With that I will now turn the call over to Eric DeMarco.

Eric DeMarco

Thank you, Marie. Good afternoon. I believe today’s report reflects the success of Kratos’ strategy to disrupt the National Security market space with first-to-market affordable, transformative technology, product systems and solutions. Since our last report to you, we have received each of the three large new space and satellite program contract awards we mentioned on the Q1 call, including the BlueHalo Space Force SCAR program and Intelsat’s next-generation satellite network. Each of which have now been disclosed by our customers.