Kratos reports sales boost

Kratos Defense & Security Solutions said this week sales in its most recent quarter hit $151 million, up 2 percent from the same three-month period a year earlier.

The contractor lost $7.7 million in the quarter, more than the $6.2 million it lost the prior year.

In a call with analysts Thursday, Eric DeMarco, Kratos' chief executive, expressed optimism that fiscal year 2019 won't start with a lengthy continuing resolution.

"The [Sub-Sonic Aerial Target] program -- under a continuing resolution, there's no increase in production," he said. "So the sooner a 2019 budget is authorized and in place, the sooner we would receive the increased production quantity funding, which would drive our funding."