Defense tech · KTOS
Kratos Defense (KTOS) gets 68% of its revenue from the U.S. government
What Kratos Defense reports in its FY2025 10-K, and what federal contract records show.
Summary
Kratos Defense reported that 68% of its FY2025 revenue came from the U.S. government: about $918M by our calculation of $1.35B in total. That ranks 14th of the 30 companies we cover that disclose a share. The share rose 1.0 pts from FY2024.
Federal agencies obligated $355M in prime contracts to the 3 recipient records we matched to Kratos Defense in federal fiscal year 2025, 81.6% of it from the Department of Defense. That is far below the revenue the company reports, so the comparison is withheld while we review the match.
Share of revenue over time
Kratos Defense: U.S. government share of revenue, by fiscal year
What Kratos Defense counts as government revenue
- Definition used
- U.S. government, prime + sub
- Foreign military sales
- Not applicable
- Subcontract work
- Included (work as a subcontractor to other contractors counts)
- Adjusted ex-FMS share
- Same as reported
“… to the U.S. Government amounted to approximately $917.1 million, $762.0 million, and $712.7 million or 68%, 67%, and 69%, of total revenue for the years ended December 28, 2025, December …”
Kratos Defense, FY2025 Form 10-K · read the filing
The contract record
Prime contract obligations on USAspending.gov for the 3 recipient records we matched to Kratos Defense (obligations are not revenue).
In FFY2025, 81.6% of these obligations came from the Department of Defense and 18.4% from civilian agencies.
Contract obligations by awarding agency, FFY2025
Top 5 awarding sub-agencies; the rest grouped as Other.
| Awarding agency | Obligations | Share |
|---|---|---|
| Department of the Air Force | $150M | 42.2% |
| Department of the Navy | $118M | 33.3% |
| Federal Acquisition Service | $64.8M | 18.3% |
| Department of the Army | $21.4M | 6% |
| National Oceanic and Atmospheric Administration | $478K | 0.1% |
Obligations by federal fiscal year
| Federal fiscal year | Obligations | Note |
|---|---|---|
| FFY2026 | $183M | preliminary DoD data posts with a 90-day delay |
| FFY2025 | $355M | Matched to FY2025 |
| FFY2024 | $318M | |
| FFY2023 | $317M | |
| FFY2022 | $202M | |
| FFY2021 | $214M |
Largest contracts active in FFY2025
Ranked by total obligated value to date on each award (all years), among awards with activity in FFY2025. Links open the award on USAspending.gov.
| Award | Agency | Description | Obligated to date | Period |
|---|---|---|---|---|
| 47QFCA20C0019Kratos S2, Inc | Federal Acquisition Service | COSMIC AES SBIR III CONTRACT 47QFCA20C0019. THIS CONTRACT IS FOR OTHER FUNCTIONS. | $371M | 2020–2027 |
| FA880813C0002Kratos Technology & Training Solutions, Inc. | Defense Contract Management Agency | COMMAND AND CONTROL - CONSOLIDATED (CCS-C) PRODUCTION AND SUSTAINMENT CONTRACT | $310M | 2013–2021 |
| N0001923C0021Kratos Unmanned Aerial Systems, Inc | Department of the Navy | SUBSONIC AERIAL TARGET (SSAT) BQM-177A FULL RATE PRODUCTION | $239M | 2023–2028 |
| FA867818C0002Kratos Unmanned Aerial Systems, Inc | Department of the Air Force | AIR FORCE SUB-SCALE AERIAL TARGET LOT 14-16 PRODUCTION&CONTRACTOR LOGISTICS SUPPORT(CLS) | $119M | 2018–2024 |
| N0042123C0010Kratos Unmanned Aerial Systems, Inc | Department of the Navy | PURCHASE OF AIRCRAFT AND EXPERIMENTATION SUPPORT | $83.5M | 2022–2026 |
| FA867824FB007Kratos Unmanned Aerial Systems, Inc | Department of the Air Force | THE CONTRACTOR SHALL MANUFACTURE, INTEGRATE, TEST, AND DELIVER BQM-167A TARGETS IN ACCORDANCE WITH (IAW) SECTION J REQUIREMENTS. | $78.9M | 2024–2027 |
| FA882324F0001Kratos Technology & Training Solutions, Inc. | Department of the Air Force | COMMAND AND CONTROL SYSTEM CONSOLIDATED SUSTAINMENT AND RESILIENCY CORE SUSTAINMENT AND OPERATIONS SUPPORT ORDER | $73.2M | 2023–2026 |
| FA240125C0004Kratos Technology & Training Solutions, Inc. | Department of the Air Force | ADVANCED FIRE CONTROL GROUND INFRASTRUCTURE (AFCGI) | $62.9M | 2024–2029 |
| FA867825FB003Kratos Unmanned Aerial Systems, Inc | Department of the Air Force | PURCHASE OF LOT 21 AFSAT BQM-167A TARGETS AND ASSOCIATED LOT 21 DATA. *NOTE: POP FOR CLIN 4001, 4002 EXTENDED FROM 24 TO 29 MONTHS, CLIN… | $57.5M | 2025–2028 |
| W900KK23F0112Kratos Unmanned Aerial Systems, Inc | Department of the Army | REPLACEMENT ENGINE FOR FIREJET TARGET SYSTEM. ADVANCED SUBSCALE AERIAL PLATFORM PROGRAM. | $24.7M | 2023–2027 |
Recipients we matched to Kratos Defense
These USAspending recipient records are rolled into the figures above. Readers can check each one; if a match looks wrong, tell us.
| Recipient name | UEI | How matched | FFY2025 obligations |
|---|---|---|---|
| KRATOS UNMANNED AERIAL SYSTEMS, INC | GURMFDFLENX4 | USAspending parentKRATOS DEFENSE & SECURITY SOLUTIONS, INC. | $182M |
| KRATOS TECHNOLOGY & TRAINING SOLUTIONS, INC. | FLLRPTP8S7N4 | USAspending parentKRATOS DEFENSE & SECURITY SOLUTIONS, INC. | $106M |
| KRATOS S2, INC | D7GMZLLJLXB3 | USAspending parentKRATOS DEFENSE & SECURITY SOLUTIONS, INC. | $66.8M |
Peers
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Sources
- Kratos Defense, FY2025 annual report (U.S. government share) (accessed October 15, 2026)
- Kratos Defense, FY2024 annual report (U.S. government share) (accessed October 16, 2026)
- Kratos Defense, FY2023 annual report (U.S. government share) (accessed October 16, 2026)
- Kratos Defense, FY2022 annual report (U.S. government share) (accessed October 16, 2026)
- Kratos Defense, FY2021 annual report (U.S. government share) (accessed October 16, 2026)
- SEC XBRL company facts for Kratos Defense (revenue history) (accessed October 16, 2026)
- USAspending.gov recipient profile: Kratos Unmanned Aerial Systems, Inc (accessed October 16, 2026)
- USAspending.gov API, prime contract awards (award types A–D) (accessed October 16, 2026)
- Federal Exposure methodology