Kratos Defense and Security Solutions provides mission critical products, solutions and services for national and homeland security.
When Eric DeMarco came on board in 2003, Kratos (Nasdaq: KTOS) was focused on wireless communication networks and went by the name Wireless Facilities Inc. (WFI). As it switched focus to government defense contract work, it underwent a transformation spearheaded by DeMarco, who is now president and CEO.
In 2007, it changed names and became Kratos, which in Greek means the god of strength and power. Today, it specializes in providing advanced engineering, information technology, war fighter solutions, and security and surveillance systems for the federal government, and also for state and local agencies.
Kratos employs about 1,800 people and forecasts $405 million to $410 million in revenues for 2010, according to a report.
Since joining Kratos, DeMarco has been instrumental in leading the company’s transformation strategy through operational restructuring and business divestiture.
He is also the driving force behind its growth in the federal government and security markets, through strategic acquisitions and organic growth.
One of the key services it provides is Command, Control, Communications, Computing, Intelligence, Surveillance and Reconnaissance, or C4ISR.
Its client list includes the U.S Navy, Army, NASA, the postal service, the U.S Forest Service and the Department of Transportation, among other agencies.
DeMarco has a record of growing successful companies. As president and COO of Titan Corp., a San Diego-based IT solutions provider for the federal government that is now part of L-3 Communications, he was instrumental in creating one of the 10 largest government IT contractors with more than 11,000 employees.
During his six-year tenure at Titan, DeMarco served in a variety of roles and raised approximately $1 billion in equity and debt financing. He was also responsible for acquiring and integrating more than 20 synergistic businesses focused on the federal government information and communication technology market.
He began his career in consulting and has worked for Arthur Anderson, among other firms.
In recent years, Kratos has grown largely by acquiring five other firms, including Gichner Shelter Systems and Henry Brothers Electronics.
In a recent interview, DeMarco said Kratos targets defense contracting work that it feels is unlikely to be cut as the defense budget shrinks, such as intelligence and surveillance, cyber security and missile defense systems.
Nagappan is a San Diego-based freelance writer.
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