Kratos reports bolstered sales

Kratos Defense & Security Solutions said today sales in its most recent quarter reached $168 million, up from nearly $161 million in the same three-month period a year earlier.

The contractor reported a quarterly loss of about $10 million, an improvement from a $15 million loss the prior year.

Kratos credited its satellite, technology and training division with boosting revenue. The unit, which is Kratos' largest, reported quarterly sales of $70 million, up 21 percent from the prior year, according to the company.