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Organization and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Net Contract Assets and Liabilities
Net contract assets and liabilities are as follows (in millions):
December 29, 2024December 31, 2023Net Change
Contract assets$206.3 $200.4 $5.9 
Contract liabilities$76.3 $101.8 $(25.5)
Net contract assets$130.0 $98.6 $31.4 
Schedule of Disaggregation of Revenue The following series of tables presents the Company’s revenue disaggregated by several categories. For the majority of contracts, revenue is recognized over time as work is performed on the contract. Revenue by contract type was as follows (in millions):
Year Ended December 29, 2024Year Ended December 31, 2023Year Ended December 25, 2022
Kratos Government Solutions
 Fixed price$571.5 $566.3 $476.1 
 Cost plus fee233.9 209.5 158.4 
 Time and materials60.4 49.1 42.1 
   Total Kratos Government Solutions865.8 824.9 676.6 
Unmanned Systems
 Fixed price216.4 160.9 156.6 
 Cost plus fee48.1 41.9 59.1 
 Time and materials6.0 9.4 6.0 
   Total Unmanned Systems270.5 212.2 221.7 
Total Revenues$1,136.3 $1,037.1 $898.3 
Revenue by customer was as follows (in millions):
Year Ended December 29, 2024Year Ended December 31, 2023Year Ended December 25, 2022
Kratos Government Solutions
 U.S. Government (1)
$528.0 $512.5 $420.4 
 International (2)
195.4 192.8 157.5 
 U.S. Commercial and other customers142.4 119.6 98.7 
   Total Kratos Government Solutions865.8 824.9 676.6 
Unmanned Systems
 U.S. Government (1)
234.0 200.2 203.3 
 International (2)
31.3 9.2 15.6 
 U.S. Commercial and other customers5.2 2.8 2.8 
   Total Unmanned Systems270.5 212.2 221.7 
Total Revenues$1,136.3 $1,037.1 $898.3 

(1) Sales to the U.S. Government include sales from contracts for which the Company is the prime contractor, as well as those for which the Company is a subcontractor and the ultimate customer is the U.S. Government. Each of the Company’s segments derives substantial revenue from the U.S. Government. These sales include foreign military sales contracted through the U.S. Government. Revenues from U.S. Government agency customers in aggregate accounted for approximately 67%, 69% and 69% of total revenues in 2024, 2023, and 2022, respectively. Other than the U.S. Government, no sales from any customer exceeded 10% of total revenues in 2024, 2023, and 2022,

(2) International sales include sales from contracts for which the Company is the prime contractor, as well as those for which the Company is a subcontractor and the ultimate customer is an international customer. These sales include direct sales with governments outside the U.S. and commercial sales with customers outside the U.S.
Schedule of Revenue by Geographic Areas
Revenue by Geographic Area was as follows (in millions):
Year Ended December 29, 2024Year Ended December 31, 2023Year Ended December 25, 2022
United States
$899.1 $830.3 $727.1 
Other North America
18.6 13.9 9.9 
Asia Pacific
61.7 64.1 59.8 
Middle East
73.1 43.1 30.0 
Europe
49.7 60.6 54.3 
Other
34.1 25.1 17.2 
                 Total Revenues
$1,136.3 $1,037.1 $898.3 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The following table shows the amounts recognized in the consolidated financial statements for stock-based compensation expense related to stock options, stock awards and stock offered under the Company’s employee stock purchase plan (in millions).

Year ended December 29, 2024Year ended December 31, 2023Year ended December 25, 2022
Selling, general and administrative expenses$29.8 $25.3 $26.3 
Total cost of employee stock-based compensation included in operating income (loss) from consolidated operations
$29.8 $25.3 $26.3 
Schedule of Valuation and Qualifying Accounts Disclosure
The following table outlines the balance of the Company’s allowance for doubtful accounts for 2024, 2023 and 2022. The table identifies the additional provisions each year as well as the write-offs that utilized the allowance (in millions).

Allowance for Doubtful AccountsBalance at Beginning of YearProvisionsWrite-offs/ RecoveriesBalance at End of Year
Year ended December 25, 2022$0.4 $— $— $0.4 
Year ended December 31, 2023$0.4 $1.0 $(0.3)$1.1 
Year ended December 29, 2024$1.1 $— $— $1.1 
Schedule of Property, Plant and Equipment
Assets are depreciated predominately using the straight-line method, with the following lives:
Years
Buildings and improvements
15 – 39
Machinery and equipment
3 – 20
Computer equipment and software
1 – 10
Vehicles, furniture, and office equipment
5
Leasehold improvementsShorter of useful life or length of lease
Property, plant and equipment, net (in millions)
December 29, 2024December 31, 2023
Finance lease right of use assets$71.0 $56.1 
Land and buildings41.3 40.8 
Computer equipment and software63.0 51.4 
Machinery and equipment178.2 152.8 
Furniture and office equipment8.6 8.2 
Leasehold improvements30.8 24.0 
Construction in progress81.8 69.7 
Property and equipment474.7 403.0 
Accumulated depreciation and amortization(186.5)(159.4)
Total property and equipment, net$288.2 $243.6 
Schedule of Interest Expense, Net
Interest expense, net is summarized in the following table (in millions):

Year ended December 29, 2024Year ended December 31, 2023Year ended December 25, 2022
Interest expense incurred primarily on indebtedness$(15.2)$(21.7)$(18.3)
Interest income
12.2 1.2 0.6 
Interest expense, net$(3.0)$(20.5)$(17.7)