Kratos

The Valkyrie, a jet-powered, $4 million class attack uncrewed aircraft system, represents a new product class for the Hivemind autonomy technology.

All three updates came during the San Diego-based company’s first quarter earnings call with market analysts on May 3.

Kratos Defense & Security Solutions’ revenue increased 18.1% year-on-year to $231.8 million in the first quarter of 2023.

After spending a decade building up a portfolio of low-cost unmanned aircraft systems aimed at disrupting the low end of the market for autonomy in military aviation, Kratos Defense is now taking aim at the burgeoning market for hypersonic vehicles.