Compare Companies
| Field | 🇺🇸 Kratos DefenseNASDAQ: KTOS | 🇺🇸 L3Harris TechnologiesNYSE: LHX | 🇺🇸 Northrop GrummanNYSE: NOC | 🇺🇸 Lockheed MartinNYSE: LMT |
|---|---|---|---|---|
| Type | public | public | public | public |
| Country | 🇺🇸 United States | 🇺🇸 United States | 🇺🇸 United States | 🇺🇸 United States |
| Founded | 1994 | 2019 | 1994 | 1995 |
| CEO | Eric DeMarco | Christopher Kubasik | Kathy Warden | Jim Taiclet |
| Mkt Cap / Valuation | ~$13B | $56B | $78.0B | $118.7B |
| Employees | ~3,800 | ~45,000 | ~95,000 | ~123,000 |
| Sector | Defense Technology | Defense Sensors & Space Systems | Defense & Space Infrastructure | Defense & Space Systems |
| Last raise / Last filing | 10-K filed | 10-K filed | 10-K filed | 10-K filed |
| Top risks | DoD budget concentration: ~75% of revenue is from U.S. government customers; appropriations cuts or continuing resolutions can defer task orders.; Execution risk on hypersonic ramp: MACH-TB 2.0 requires Kratos to deliver at industrial scale on novel propulsion — any test-vehicle anomaly could trigger contract restructuring. | Integration and margin risk from the 2023 Aerojet Rocketdyne acquisition — Aerojet segment contributed $2.8B FY2025 revenue but integration complexity and potential pension liabilities remain execution risks.; SDA fixed-price satellite contracts expose L3Harris to cost-overrun risk on 18-satellite T3 production; previous tracking-layer primes have faced margin pressure on new architectures. | Space Systems revenue declined 6% in FY2025 due to wind-down of a canceled classified Space Force program and losing the NGI (Next-Generation Interceptor) contract to Lockheed; recovery depends on new wins.; Sole-source SLS SRB position faces existential risk if NASA accelerates the Starship Human Landing System and reduces Artemis mission count post-Artemis III. | F-35 production and sustainment cost overruns remain the largest risk — the program accounts for ~27% of total LMT revenue and any new fixed-price concessions could impair earnings.; SDA tracking-layer satellites are fixed-price development contracts; cost overruns like those seen on Boeing/SLS could compress Space segment margins. |
| Next catalyst | MACH-TB 2.0 task-order ramp through 2026 (2026 throughout) | NTS-3 launch and on-orbit GPS augmentation demonstrations (2025-Q4) | Gateway HALO + PPE combined launch (lunar orbit) (2027-Q4) | Artemis II crewed lunar flyby (LMT Orion prime) (2026-Q2) |
Maximum 4 companies. Pass slugs in the ids query parameter, comma-separated. Try SpaceX vs Blue Origin vs Rocket Lab vs Firefly.