v3.26.1
Revenue Recognition (Tables)
 6 Months Ended
Jun. 28, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Net Contract Assets and Liabilities
Net contract assets and liabilities are as follows (in millions):
June 28, 2026December 28, 2025Net Change
Contract assets$405.4 $292.4 $113.0 
Contract liabilities$93.6 $73.4 $20.2 
Net contract assets$311.8 $219.0 $92.8 
Schedule of Disaggregation of Revenue
The following series of tables presents the Company’s revenue disaggregated by several categories. For the majority of contracts, revenue is recognized over time as work is performed on the contract.

Revenue by contract type was as follows (in millions):
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Kratos Government Solutions
Fixed price$256.6 $170.3 $470.8 $336.8 
Cost plus fee109.2 94.8 168.3 152.8 
Time and materials13.9 13.2 29.0 28.2 
Total Kratos Government Solutions379.7 278.3 668.1 517.8 
Unmanned Systems
Fixed price52.0 59.2 107.9 111.8 
Cost plus fee25.1 13.1 50.1 22.9 
Time and materials2.0 0.9 3.7 1.6 
Total Unmanned Systems79.1 73.2 161.7 136.3 
Total Revenues$458.8 $351.5 $829.8 $654.1 

Revenue by customer was as follows (in millions):
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Kratos Government Solutions
U.S. Government (1)
$249.2 $186.7 $429.1 $336.1 
International (2)
84.3 52.2 154.9 107.5 
U.S. Commercial and other customers46.2 39.4 84.1 74.2 
Total Kratos Government Solutions379.7 278.3 668.1 517.8 
Unmanned Systems
U.S. Government (1)
69.2 62.0 144.0 118.1 
International (2)
5.6 9.0 11.4 14.8 
U.S. Commercial and other customers4.3 2.2 6.3 3.4 
Total Unmanned Systems79.1 73.2 161.7 136.3 
Total Revenues$458.8 $351.5 $829.8 $654.1 

(1) Sales to the U.S. Government include sales from contracts for which the Company is the prime contractor, as well as those for which the
Company is a subcontractor and the ultimate customer is the U.S. Government. Each of the Company’s segments derives substantial revenue
from the U.S. Government. These sales include foreign military sales contracted through the U.S. Government.

(2) International sales include sales from contracts for which the Company is the prime contractor, as well as those for which the Company is a
subcontractor and the ultimate customer is an international customer. These sales include direct sales with governments outside the U.S. and
commercial sales with customers outside the U.S.
Schedule of Revenue by Geographic Area
Revenue by Geographic Area was as follows (in millions):
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
United States
$360.4 $287.8 $647.0 $526.8 
Other North America
9.1 3.4 18.1 9.3 
Asia Pacific
26.7 22.9 43.6 38.7 
Middle East
33.6 11.8 72.5 27.5 
Europe
27.3 17.0 46.3 31.8 
Other
1.7 8.6 2.3 20.0 
                 Total Revenues
$458.8 $351.5 $829.8 $654.1