Kratos Increases 2016 Revenue Guidance - Quick Facts

(RTTNews) - Kratos Defense & Security Solutions, Inc. (KTOS) announced it is increasing full year 2016 Revenue Guidance by $10 million above current consensus estimates of $649 million, up to $659 million, and full year 2016 Adjusted EBITDA Guidance above current consensus estimates of $40.5 million, up to $42 million.

The company generated second quarter 2016 revenue of $70.3 million, which was a year-over-year increase of 21.2 percent. For the second quarter ended June 26, 2016, approximately 61 percent of Kratos' revenue was derived from U.S. Federal Government related customers, approximately 27 percent from commercial, state and local government customers, and approximately 12 percent from international customers.