SCHEDULE: BlackRock Discloses 10.1% Stake in Kratos Defense
Beneficial Ownership Filing
BlackRock, Inc. has reported a beneficial ownership of 10.1% in Kratos Defense & Security Solutions, Inc. as of June 30, 2026.
Summary
- BlackRock, Inc. has filed a Schedule 13G, indicating its beneficial ownership of Kratos Defense & Security Solutions, Inc. common stock.
- As of June 30, 2026, BlackRock beneficially owns 18,893,671 shares, representing 10.1% of the class of securities.
- This ownership includes sole voting power over 18,403,174 shares and sole dispositive power over 18,893,671 shares.
- The filing clarifies that this reflects securities owned by Reporting Business Units of BlackRock, Inc. and its subsidiaries, excluding other business units.
- No single person's interest in the common stock exceeds five percent of the total outstanding shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral score as the filing is a routine disclosure of beneficial ownership by a major institutional investor and does not contain operational or financial performance updates.
Positives
- BlackRock, a significant institutional investor, holds a substantial stake (10.1%) in Kratos Defense & Security Solutions, Inc., which can be viewed as a positive signal of confidence.
- The filing confirms that BlackRock's ownership is in the ordinary course of business and not for the purpose of influencing control.
Future Outlook
This filing is a Schedule 13G, which reports beneficial ownership and does not contain forward-looking statements or guidance regarding future financial performance.
Management Comments
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.
Industry Context
StockSavvy.ai notes that significant stake disclosures by major asset managers like BlackRock in defense and security companies often reflect strategic investment theses related to government spending, technological advancements, and geopolitical trends. Kratos Defense operates in a sector that has seen increased attention due to global security dynamics.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Revocation | The Power of Attorney dated January 21, 2025, expressly revokes the power of attorney dated April 30, 2023, in respect of the subject matter hereof. | 01/21/2025 | Ensures that the current attorneys-in-fact have the most up-to-date authority for regulatory filings. |
Stakeholder Impact
- Shareholders: The disclosure by a major institutional investor like BlackRock can influence market perception and potentially attract further investment interest in Kratos Defense.
- Management: The certification by BlackRock that its ownership is not for control purposes provides clarity to Kratos Defense's management and board.
Key Dates
| Date | Description |
|---|---|
| 04/30/2023 | Previous Power of Attorney dated for BlackRock, Inc. |
| 01/21/2025 | Date of execution of the current Power of Attorney by BlackRock, Inc. |
| 06/30/2026 | Date of event requiring filing of Schedule 13G (ownership reporting date). |
| 07/29/2026 | Date of signature for the Schedule 13G filing. |
Keywords
Kratos Defense, BlackRock, Schedule 13G, Beneficial Ownership, Institutional Investor, Defense Solutions, Aerospace, Security
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