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北京时间·🕒 发布 19:00:00(美东 07:00)·⟳ 抓取 19:03:11·⚡ 决策 08-17 19:15:18 +12m07s·70.9 天前

Kratos与GE Aerospace的GEK800发动机获美空军JASSM第二来源EMD合同

事件把GEK800从测试/合作推进到JASSM第二来源EMD阶段,对Kratos的小型低成本军用发动机商业化路径是正向验证。

📄 原文KTOS↗ 原文
Engine selected as a second-source propulsion system for the Joint Air-to-Surface Standoff Missile (JASSM), advancing t…
不做 Kratos Defense & Security Solutions(KTOS.US)
方向偏利多,但合同金额、量产数量和利润分成均未披露,GEK800合作背景已长期铺垫,且本轮未取得真实可执行报价,不满足ENTER条件。
不做 GE Aerospace(GE.US)
GE Aerospace为直接合作方但市值和收入基数过大,本次未披露金额的EMD合同难形成短线市值级重定价。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)

研究档案

🔎 新鲜度:最早出现 2026-08-17 · 扩散 low · price-in 风险 medium ↗ ↗ ↗

消息传播链

  1. 2026-08-17 07:00 ET首发Kratos IR/GlobeNewswire一手源原文 ↗
    Kratos与GE Aerospace一手宣布GEK800/F143获得美空军JASSM第二来源EMD合同,发布时间在美股盘前。

关键理由

  • 事件把GEK800从测试/合作推进到JASSM第二来源EMD阶段,对Kratos的小型低成本军用发动机商业化路径是正向验证。
  • Kratos 2025年10-K已披露GEK800合作收入累计约3150万美元,本次未披露金额,无法估算新增合同占收入或市值比例。
  • GE Aerospace体量远大于该单潜在贡献,短线弹性主要在Kratos而非GE。

主要风险

  • 公告未披露合同金额和量产采购承诺,EMD阶段不等同于大规模生产订单,短线基本面增量难量化。
  • GEK800合作、测试、产线扩建和GE合作框架自2024-2025年已多次披露,本次更像项目推进而非全新需求爆发。

反向证据

  • 做多前查反向 · 来源 web · 日期 2026-03-20 · 影响 weakens
    Kratos年报和此前新闻已披露GEK800合作、测试和产线建设,本次虽有新合同节点但不是全新项目发现。
    检索:Kratos GEK800 GE Aerospace prior partnership altitude testing production facility 2025 2026 原文 ↗
  • 做多前查反向 · 来源 web · 日期 2026-08-17 · 影响 weakens
    本次公告未披露合同金额、GE/Kratos分成、量产采购数量或交付节奏,无法量化对收入和市值的增量。
    检索:Kratos GE Aerospace GEK800 contract amount JASSM EMD August 17 2026 原文 ↗

先例如何影响了这次决策

对本次决策的影响:先例使本次判断维持正向但降为不做,核心约束是金额和量产承诺缺失、且无法取得可执行报价。

方向:同公司先例支持方向偏正面,但相似度停留在项目验证/产能推进,缺少同市场高相似量产订单样本。

涨幅量级:没有高相似且已量化日线的先例可校准涨幅,不能据此给激进tp/sl。

形态:现有样本不足以确认公告后持续上涨或见光死模式。

历史先例(按相似度)

  • 相似度 6/10 KTOS 2026-02-23 Kratos与GE获美空军1240万美元GEK1500初步设计合同,用于低成本CCA发动机。 原文 ↗
    事件后 +1日 -1.8% · +2日 -5.6% · +3日 -8.2% · +4日 -4.1% · +5日 -10.3%
    ⚠锚前1-2日已异动9.1%>锚定日1.8% — 该行涨幅别用来定止盈止损
    相似度依据:同为Kratos与GE的小型军用发动机美空军合同,但GEK1500为1240万美元设计合同、不是JASSM第二来源EMD。
    经验:小额早期研发合同更偏项目验证,若缺少金额和量产承诺,难直接支撑高仓位追多。
  • 相似度 5/10 KTOS 2025-06-16 Kratos宣布俄克拉荷马新制造设施,初期聚焦GEK800并规划多条GEK生产线。 原文 ↗
    事件后 +1日 -1.3% · +2日 +3.5% · +3日 +1.0% · +4日 +3.2% · +5日 +4.5%
    相似度依据:同为GEK发动机产业化推进,但产能设施公告不是客户合同。
    经验:产线建设验证长期方向,但没有订单金额时短线反应容易依赖市场情绪而非可量化业绩。

原文全文

展开原文 · 6,912 字
Engine selected as a second-source propulsion system for the Joint Air-to-Surface Standoff Missile (JASSM), advancing the program to deliver small, low-cost, high-performance engines for missiles and uncrewed platforms
SAN DIEGO
,
Aug. 17, 2026
(GLOBE NEWSWIRE) --
Kratos Defense & Security Solutions, Inc.
(NASDAQ: KTOS), a
Technology Company
in the Defense, National Security and Global Markets, and
GE Aerospace
(NYSE:
GE
) today announced that the GEK800 engine, which received the
U.S
. Military Engine Type Designation F143-ZZ-100, has been awarded a contract with the
United States Air Force
for the Engineering, Manufacturing and Development (EMD) of the turbofan as a second-source propulsion system for the
Joint Air
-to-Surface Standoff Missile (JASSM).
The designation and contract mark advancement of the program designed to provide small, low-cost, high-performance engines for use in cruise missiles, collaborative combat-type aircraft, and other uncrewed aerial vehicles.
“The F143-ZZ-100 designation and EMD award are a testament to the strong performance and capability of the GEK800 engine and the strength of our partnership with Kratos. This reflects years of disciplined engineering to deliver propulsion systems that meet the evolving, mission-critical requirements of our military customers,” said
Amy Gowder
, President and CEO of GE Aerospace Defense & Systems
.
“Kratos has been working with our outstanding partner
GE Aerospace
and the
United States Air Force
to support the
Department of War
in reindustrializing
U.S
. manufacturing capacity and capability in the area of low cost, rapidly manufacturable, in large quantities, jet engines for drones, cruise missiles and other systems.
Kratos
and
GE Aerospace
are making significant investments with our government partners, to support
U.S
. National Security priorities,” said
Eric DeMarco
, President and CEO of Kratos
.
The GEK800, now designated the F143, is an 800-lb thrust turbofan engine designed to power long-range missiles and other uncrewed applications. With a combination of internal investment plus support and funding from the
Air Force Research Laboratory
(AFRL),
Kratos
and
GE Aerospace
began working together in 2023 to complete a Technology Maturation and Risk Reduction (TMRR) phase including testing of the engine. The joint team has completed more than 50 engine starts in ground testing at
Kratos
and
GE Aerospace
testing facilities, and in 2025 successfully completed altitude testing at Purdue University’s
Maurice J. Zucrow Laboratories
.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions
, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading-edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value-add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for C2 and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit
www.KratosDefense.com
and follow Kratos on
LinkedIn
and
X
.
About GE Aerospace
GE Aerospace is a global aerospace propulsion, services, and systems leader with an installed base of approximately 49,000 commercial and 29,000 military aircraft engines. With a global team of approximately 53,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow, and the future at
www.geaerospace.com
.
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 28, 2025, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
Kratos Press Contact:
Claire Cantrell
claire.cantrell@kratosdefense.com
Kratos Investor Information:
877-934-4687
investor@kratosdefense.com
GE Aerospace Press Contact:
Deb Case
Deborah.case@geaerospace.com

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