Kratos Shares Rise As Product Gains Compliance With DIFI Consortium

Dow Jones

03/10

By Sabela Ojea

Shares of Kratos Defense & Security Solutions on Monday rose after the company said its OpenEdge 2500 was one of the two products to achieve compliance with the satellite and space industries' DIFI Consortium.

The stock was up 7.9% to $29.43 in late-morning trading. Shares have surged 59% over the past 12 months.

OpenEdge 2500 is an on-ramp for converting analog satellite data and communications streams for operations and management in digital and cloud environments, said the San Diego-based provider of national-security services.

"This approval is a major milestone for Kratos, DIFI, and the satellite industry in ensuring that satellite ground segments can seamlessly adapt to rapidly changing space-layer payloads, orbits, and constellations," said Stuart Daughtridge, chairman of the DIFI Consortium.

The consortium, of which Kratos is a founding member, is an independent, international group of companies that aims to enable interoperability in digital intermediate-frequency and radio-frequency technology for satellite and space industries.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

March 10, 2025 11:44 ET (15:44 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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