SAN DIEGO - Kratos Defense (NASDAQ:KTOS) & Security Solutions, Inc. (NASDAQ:KTOS), a company specializing in defense and national security technology, announced the appointment of retired Brigadier General Bobbi Doorenbos to its Board of Directors last Monday. The move is part of an ongoing board augmentation and refreshment process at Kratos.
General Doorenbos's military career spans nearly 25 years, with key roles including leadership positions at the White House, Headquarters Air Force, and National Guard Bureau. Her notable assignments include serving as a Special Assistant to Vice President Biden and as a White House Fellow. She also has extensive experience in operational training, readiness reporting, and aircrew management as a Military Deputy for Air Force Training and Readiness.
As a pilot, General Doorenbos was one of the first women to fly fighter aircraft and has participated in several operations, including SOUTHERN WATCH, NOBLE EAGLE, and IRAQI FREEDOM. Her transition leadership from the manned A-10 Warthog to the unmanned MQ-9 Reaper at the 188th Wing underscores her versatility and adaptability in military operations.
Her academic credentials include a B.B.A. in Finance from Iowa State University, an M.S. in Strategic Intelligence from the Defense Intelligence Agency's National Defense Intelligence College, and an Executive MBA from the University of Virginia's Darden (NYSE:DRI) School of Business.
General Doorenbos also brings to the Kratos Board her experience from serving on several other boards, including the White House Fellows Foundation and Association, and the National Guard Association. Additionally, she is a Senior Advisor with The Roosevelt Group and an executive coach, as well as a commercial airline pilot.
Amy Zegart, Chair of the Kratos Board's Nominating & Governance Committee, expressed confidence in the value General Doorenbos will add to the board with her defense and intelligence security policy expertise. Bill Hoglund, Chairman of the Kratos Board, also welcomed her insights and experience.
InvestingPro Insights
Kratos Defense & Security Solutions (NASDAQ:KTOS) has been making strategic moves, including the recent addition of General Doorenbos to its Board of Directors. As we look at the company's financial health and market performance, certain metrics and InvestingPro Tips provide a deeper understanding of its current position and future prospects.
InvestingPro Data indicates that Kratos has a market capitalization of approximately $2.7 billion. Despite not being profitable over the last twelve months, with a negative P/E ratio of -216.09, there is a positive outlook for growth. Analysts expect net income to grow this year, as reflected in one of the InvestingPro Tips. This could signal an upcoming turnaround for the company, aligning with its strategic board enhancements and focus on technology-based solutions for defense and national security.
Another key point is Kratos's revenue growth, which has been robust at 15.45% over the last twelve months as of Q1 2023. This growth, coupled with the company's liquid assets exceeding short-term obligations, suggests that Kratos is on a stable financial footing. Although eight analysts have revised their earnings downwards for the upcoming period, the overall revenue growth trend and the liquidity position remain strong points for the company.
For investors considering Kratos as a potential investment, there are additional InvestingPro Tips worth noting. The company is trading at a high EBITDA valuation multiple, which may be of interest to those looking at valuation metrics. Moreover, Kratos operates with a moderate level of debt, which can be a reassuring sign for risk-averse investors.
For a more comprehensive analysis and further tips, including the full list of 9 InvestingPro Tips for Kratos, visit InvestingPro. And don't forget, you can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription with the coupon code PRONEWS24.
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