On the US chart, Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) concluded Thursday’s trading almost unchanged. Kratos shares ended the session at $20.59, down only 0.10%. Even after insider selling, KTOS shares stabilized.
Steven S. Fendley, President of Kratos’ US Division, sold 7,000 shares of KTOS, according to information disclosed in an SEC filing released yesterday. With total revenues of $142,798 the executive completed the deal at a price of $20.40 per share.
Recent developments at KTOS have been keeping the stock price higher despite insider selling. At the inaugural DIFI Plugfest, where satellite solution vendors gathered to test the interoperability of their Digital IF technologies, Kratos (KTOS) recently showed 100% interoperability success.
The Digital IF Interoperability (DIFI) Consortium is an autonomous worldwide consortium of businesses, associations, and governmental bodies interested in ensuring that satellite ground system equipment is interoperable. It was established under the IEEE’s sponsorship.
With the help of the Digital IF/RF standard, the industry is expected to transition more quickly from stovepiped, hardware-based systems to fully digital software-defined networks. “Plugfests” are gatherings when suppliers evaluate each other’s software and electrical equipment compatibility according to a technical standard.
In this first DIFI Plugfest, seven equipment manufacturers took part, with Kratos offering the most devices tested. In order to mainstream satellite networks into the global communications infrastructure, Kratos is spearheading the effort to develop solutions that are standards-based and interoperable.
The success of Kratos products across the board at DIFI’s Plugfest event was indicative of such leadership. Using its quantum, SpectralNet, and OpenSpace products, Kratos is constructing a digital future that will provide more efficient, adaptable, and reasonably priced satellite services to all corners of the globe.
The cornerstone of Kratos’ continuous endeavor to facilitate the integrating of satellite services and ensure that satellite ground systems function flawlessly with today’s wireless and terrestrial networks is the adoption of the DIFI standard across a broad range of ground system products.
