Kratos Defense & Security Solutions Management

Management criteria checks 3/4

Kratos Defense & Security Solutions' CEO is Eric DeMarco, appointed in Nov 2003, has a tenure of 21.08 years. total yearly compensation is $4.57M, comprised of 18.6% salary and 81.4% bonuses, including company stock and options. directly owns 0.75% of the company’s shares, worth $29.28M. The average tenure of the management team and the board of directors is 9.2 years and 16.1 years respectively.

Key information

Eric DeMarco

Chief executive officer

US$4.6m

Total compensation

CEO salary percentage	18.6%
CEO tenure	21.1yrs
CEO ownership	0.7%
Management average tenure	9.2yrs
Board average tenure	16.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Eric DeMarco's remuneration changed compared to Kratos Defense & Security Solutions's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 29 2024	n/a	n/a	US$15m
Jun 30 2024	n/a	n/a	US$10m
Mar 31 2024	n/a	n/a	-US$800k
Dec 31 2023	US$5m	US$850k	-US$9m
Oct 01 2023	n/a	n/a	-US$20m
Jun 25 2023	n/a	n/a	-US$26m
Mar 26 2023	n/a	n/a	-US$29m
Dec 25 2022	US$7m	US$760k	-US$38m
Sep 25 2022	n/a	n/a	-US$31m
Jun 26 2022	n/a	n/a	-US$24m
Mar 27 2022	n/a	n/a	-US$17m
Dec 26 2021	US$9m	US$760k	US$100k
Sep 26 2021	n/a	n/a	US$80m
Jun 27 2021	n/a	n/a	US$84m
Mar 28 2021	n/a	n/a	US$82m
Dec 27 2020	US$8m	US$760k	US$81m
Sep 27 2020	n/a	n/a	US$6m
Jun 28 2020	n/a	n/a	US$6m
Mar 29 2020	n/a	n/a	US$7m
Dec 29 2019	n/a	n/a	US$11m
Sep 29 2019	n/a	n/a	US$12m
Jun 30 2019	n/a	n/a	US$11m
Mar 31 2019	n/a	n/a	US$7m
Dec 30 2018	n/a	n/a	US$4m
Sep 30 2018	n/a	n/a	-US$25m
Jul 01 2018	n/a	n/a	-US$32m
Apr 01 2018	n/a	n/a	-US$35m
Dec 31 2017	US$4m	US$760k	-US$47m

Compensation vs Market: Eric's total compensation ($USD4.57M) is above average for companies of similar size in the UK market ($USD3.06M).

Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.

CEO

Eric DeMarco (60 yo)

21.1yrs

Tenure

US$4,573,845

Compensation

Mr. Eric M. DeMarco has been the Chief Executive Officer of Kratos Defense & Security Solutions, Inc. (alternatively, Wireless Facilities Inc.) since April 1, 2004 and as its President since November 24, 2...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Eric DeMarco	CEO, President & Director	21.1yrs	US$4.57m	0.75% $ 29.3m
Deanna Lund	Executive VP	20.7yrs	US$2.27m	0.18% $ 6.9m
Phillip Carrai	President of Space	15yrs	US$1.72m	0.20% $ 8.0m
Yonah Adelman	President of Microwave Electronics Division	9.3yrs	US$937.23k	0.029% $ 1.1m
Steven Fendley	President of Unmanned Systems Division	7.9yrs	US$1.51m	0.23% $ 9.0m
Maria de Burgreen	VP, Corporate Controller & Principal Accounting Officer	8.6yrs	no data	0.041% $ 1.6m
Kevin Walden	Chief Information Officer	8yrs	no data	no data
Marie Mendoza	Senior VP	9yrs	no data	0.037% $ 1.4m
Benjamin Goodwin	Senior Vice President of Corporate Development & Government Affairs	6.5yrs	US$790.00k	0.033% $ 1.3m
David Carter	President of Defense & Rocket Support Services Division	17yrs	US$503.17k	0.071% $ 2.8m
Thomas Mills	President of C5ISR Systems Division	11.3yrs	no data	0.0081% $ 318.5k
Stacey Rock	President of Kratos Turbine Technologies Division	5.8yrs	no data	0.034% $ 1.3m

9.2yrs

Average Tenure

60yo

Average Age

Experienced Management: 0JS0's management team is seasoned and experienced (9.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Eric DeMarco	CEO, President & Director	21.9yrs	US$4.57m	0.75% $ 29.3m
Deanna Lund	Executive VP	3.6yrs	US$2.27m	0.18% $ 6.9m
Scot Jarvis	Independent Director	27.8yrs	US$210.40k	0.073% $ 2.9m
Scott Anderson	Independent Director	27.8yrs	US$204.40k	0.064% $ 2.5m
William Hoglund	Independent Chairman	23.8yrs	US$231.40k	0.27% $ 10.6m
Amy Zegart	Independent Director	10.3yrs	US$199.40k	0.0066% $ 258.7k
Bradley Boyd	Independent Director	1.1yrs	US$98.60k	0.0022% $ 84.8k
Bobbi Doorenbos	Independent Director	less than a year	no data	no data

16.1yrs

Average Tenure

58.5yo

Average Age

Experienced Board: 0JS0's board of directors are seasoned and experienced ( 16.1 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 05:21
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/29
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Kratos Defense & Security Solutions, Inc. is covered by 21 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Peter Arment	Baird
Michael Lewis	BB&T Capital Markets
Yi Hsiao Millward	Benchmark Company

Kratos Defense & Security Solutions Management

Management criteria checks 3/4

Key information

Recent management updates

Kratos Defense & Security Solutions, Inc. Announces Resignation of Daniel Hagen as from the Board, All Related Board Committees

Insider recently sold US$1.9m worth of stock

President of Unmanned Systems Division recently sold US$536k worth of stock

Kratos Defense & Security Solutions, Inc., Annual General Meeting, May 21, 2024

Less than half of directors are independent

Kratos Defense & Security Solutions, Inc. Appoints Bobbi Doorenbos to the Board of Directors

Recent updates

Kratos XQ-58A Demonstrates Collaborative EW and Kill Chain Closure under USMC Control in Large Force Exercise

Now 22% overvalued after recent price rise

Third quarter 2024 earnings released: EPS: US$0.021 (vs US$0.012 loss in 3Q 2023)

Kratos Defense & Security Solutions, Inc. Provides Earnings Guidance for the Fourth Quarter 2024 and Fiscal Year 2025; Affirms Earnings Guidance for the Full Year 2024

Kratos Defense & Security Solutions, Inc. to Report Q3, 2024 Results on Nov 07, 2024

Kratos Defense & Security Solutions, Inc. Announces Resignation of Daniel Hagen as from the Board, All Related Board Committees

Now 20% undervalued

Second quarter 2024 earnings released: EPS: US$0.052 (vs US$0.022 loss in 2Q 2023)

Kratos Defense & Security Solutions, Inc. Provides Earnings Guidance for the Third Quarter and Reaffirms Earnings Guidance for the Full Year 2024

Kratos Defense & Security Solutions, Inc. to Report Q2, 2024 Results on Aug 07, 2024

Now 21% overvalued after recent price rise

Kratos Defense & Security Solutions, Inc. Demonstrates Affordable Runway Flexibility with Recent Take-Off and Flight Operations

Now 7.5% overvalued after recent price rise

Now 21% overvalued after recent price rise

Now 20% overvalued after recent price rise

Insider recently sold US$1.9m worth of stock

President of Unmanned Systems Division recently sold US$536k worth of stock

Kratos Defense & Security Solutions, Inc. Demonstrates Integrated Backend Mission Services for Space Force's SCAR Program

Now 23% overvalued after recent price rise

Kratos Defense & Security Solutions, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2024

First quarter 2024 earnings released: EPS: US$0.009 (vs US$0.055 loss in 1Q 2023)

Kratos Defense & Security Solutions, Inc. to Report Q1, 2024 Results on May 07, 2024

Kratos Defense & Security Solutions, Inc. Completes Development of the Zeus Solid Rocket Motor (SRM) Family with the Successful Zeus 2 Static Test Fire

Kratos Defense & Security Solutions, Inc., Annual General Meeting, May 21, 2024

Less than half of directors are independent

Kratos Defense & Security Solutions, Inc. Appoints Bobbi Doorenbos to the Board of Directors

Kratos Defense & Security Solutions, Inc. and Shield AI Inc. Conduct AI-Piloted Flights on the Kratos Tactical Firejet

Now 20% undervalued after recent price drop

Kratos Defense & Security Solutions, Inc. has completed a Follow-on Equity Offering in the amount of $300.000006 million.

Kratos Defense & Security Solutions, Inc. has filed a Follow-on Equity Offering in the amount of $300 million.

Kratos Defense & Security Solutions, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2024

Full year 2023 earnings released: US$0.07 loss per share (vs US$0.30 loss in FY 2022)

Kratos Defense & Security Solutions, Inc. to Report Q4, 2023 Results on Feb 13, 2024

President of Unmanned Systems Division recently sold US$263k worth of stock

Kratos XQ-58A Valkyrie Completes U.S Marine Corps PAACK-P Program Flight

Kratos Defense & Security Solutions, Inc. Announces Board Changes

Third quarter 2023 earnings released: US$0.012 loss per share (vs US$0.063 loss in 3Q 2022)

Kratos Defense & Security Solutions, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Kratos’ Openspace® Satellite Ground Platform Achieves MEF 3.0 Carrier Ethernet Certification

Kratos Defense & Security Solutions, Inc. (NasdaqGS:KTOS) acquired Sierra Technical Services, Inc. from Roger Hayes and Debra Hayes for $27.3 million.

New minor risk - Shareholder dilution

Insider recently sold US$1.1m worth of stock

New minor risk - Share price stability

Kratos Defense & Security Solutions, Inc. Provides Earnings Guidance for the Third Quarter and Affirms Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: US$0.022 loss per share (vs US$0.044 loss in 2Q 2022)

Kratos Defense & Security Solutions, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Kratos Defense & Security Solutions, Inc. Successfully Static Test Fires the Zeus 1 Solid Propellant Rocket Motor at Aerojet Rocketdyne'sCam, Arkansas

President of Unmanned Systems Division recently sold US$361k worth of stock

Insider recently sold US$65k worth of stock

Kratos Defense & Security Solutions, Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2023

First quarter 2023 earnings released: US$0.055 loss per share (vs US$0.13 loss in 1Q 2022)

Insider recently sold US$102k worth of stock

Full year 2022 earnings released: US$0.30 loss per share (vs US$0.001 profit in FY 2021)

Kratos Defense & Security Solutions, Inc. to Report Q4, 2022 Results on Feb 23, 2023

Kratos Defense & Security Solutions, Inc. Continues Leadership in Satellite Ground Segment Modernization with Introduction of Virtual Channelizer and Combiner

Insufficient new directors

Third quarter 2022 earnings released: US$0.063 loss per share (vs US$0.013 loss in 3Q 2021)

Kratos Defense & Security Solutions, Inc. Revises Earnings Guidance for the Full Year 2022

Kratos Defense & Security Solutions, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Kratos Defense & Security Solutions, Inc. Revises Earnings Guidance for the Third Quarter and Full Fiscal Year 2022

Second quarter 2022 earnings released: US$0.044 loss per share (vs US$0.011 profit in 2Q 2021)

Kratos Defense & Security Solutions, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Kratos Defense & Security Solutions, Inc. (NasdaqGS:KTOS) completed the acquisition of Assets Of The Engineering Division Of Southern Research Institute.

Kratos Defense & Security Solutions, Inc. (NasdaqGS:KTOS) completed the acquisition of Assets Of The Engineering Division Of Southern Research Institute.

Kratos Defense, Minn-Dak Farmers Cooperative Partner to Deploy Self-Driving Trucks to Address Workforce Challenges and Improve the Supply Chain

Independent Director recently bought US$127k worth of stock

First quarter 2022 earnings released: US$0.13 loss per share (vs US$0.015 profit in 1Q 2021)

Kratos Defense & Security Solutions, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2022

Insufficient new directors