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XQ-58 발키리 같은 소모형(attritable) 제트 무인기와 MACH-TB 하이퍼소닉 시험, 위성 지상계·C5ISR을 영위하는데, 미국이 값비싼 유인 플랫폼 대신 대량·저가 무인·극초음속으로 전환하는 흐름이 수주를 끌어올린다 — 2025년 매출 가이던스 $13.2~13.3억, 2026년 $16억·2027년 $19억 전망. 프라임(록히드)에 하청도 하고 직접 수주도 하는 이중 지위가 성장 축이다. 리스크는 방산 예산·프로그램 조달 시차. 그래프 파급: 미 국방부·록히드가 수요, 카르만(추진)·테레다인(EO/IR 센서)이 상류 공급망.","analysis_en":"Kratos's thesis is riding a defense-budget structural shift via low-cost unmanned and hypersonics. It runs attritable jet drones (e.g., XQ-58 Valkyrie), MACH-TB hypersonic testing and space ground systems/C5ISR, and the U.S. move from expensive manned platforms toward mass, low-cost unmanned and hypersonics lifts orders — 2025 guidance $1.32-1.33B, with $1.6B (2026) and $1.9B (2027) projected. A dual position — subcontracting to primes (Lockheed) and winning directly — is the growth axis. Risks are defense budgets and program-procurement lags. 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