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Kratos Defense & Security Solutions, Inc. (KTOS) CEO Eric DeMarco on Q1 2020 Results - Earnings Call Transcript

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Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Q1 2020 Earnings Conference Call May 7, 2020 5:00 PM ET

Company Participants

Marie Mendoza - SVP and General Counsel

Eric DeMarco - President and CEO

Deanna Lund - EVP and CFO

Conference Call Participants

Pete Skibitski - Alembic Global

Sheila Kahyaoglu - Jefferies

Peter Arment - Baird

Ken Herbert - Canaccord

Michael Ciarmoli - Suntrust

Mike Crawford - B. Riley

Josh Sullivan - Benchmark & Company

Seth Seifman - JPMorgan

Noah Poponak - Goldman Sachs


Ladies and gentlemen, thank you for standing by, and welcome to the Kratos Defense & Security Solutions First Quarter 2020 Earnings Call. [Operator Instructions]

I would now like to hand the conference to over to your speaker today, Ms. Marie Mendoza, Senior VP and General Counsel. Thank you. Please go ahead, ma'am.

Marie Mendoza

Thank you. Good afternoon everyone, and thank you for joining us for the Kratos Defense & Security Solutions first quarter 2020 conference call. With me today is Eric DeMarco, Kratos' President and Chief Executive Officer; and Deanna Lund, Kratos' Executive Vice President and Chief Financial Officer.

Before we begin the substance of today's call, I'd like everyone to please take note of the safe harbor paragraph that is included at the end of today's press release. This paragraph emphasizes the major uncertainties and risks inherent in the forward-looking statements we will make this afternoon. Please keep these uncertainties and risks in mind as we discuss future strategic initiatives, potential market opportunities, operational outlook and financial guidance during today's call.

Today's call will also include a discussion of non-GAAP financial measures, as that term is defined in Regulation G. Non-GAAP financial measures should not be considered in isolation from or as a substitute for financial information presented in compliance with GAAP. Accordingly, at the end of today's

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