Kratos Defense & Security Solutions reported second-quarter revenue of $351.5 million, a 17% increase from a year earlier and comfortably ahead of analysts’ projections near $306 million. Adjusted earnings came in at $0.11 a share, also topping forecasts, while GAAP net income totaled $2.9 million, or $0.02 a share. Adjusted EBITDA reached $28.3 million versus the roughly $23.8 million expected. The San Diego-based defense contractor lifted its full-year 2025 outlook, now projecting revenue of $1.29 billion to $1.31 billion and adjusted EBITDA of $114 million to $120 million, up from prior ranges of $1.26 billion to $1.29 billion and $112 million to $118 million. For the current quarter, it forecast revenue of $315 million to $325 million and adjusted EBITDA of $25 million to $30 million. Chief Executive Officer Eric DeMarco told analysts the company is winning contracts across radar, battle-management and interceptor systems tied to the U.S. Army’s emerging “Golden Dome” air-defense program, asserting Kratos is better positioned than rival startups that rely on publicity rather than delivered hardware. Nevertheless, investors focused on narrower margins and ongoing cash usage, sending the shares lower in after-hours trading.