DoD Investing Heavily in Technology Companies to Spur Growth of Artificial Intelligence
Kratos Defense & Security Solutions, Inc. (KTOS)
Last kratos defense & security solutions, inc. earnings: 2/24 04:00 pm
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Source: PR Newswire
PALM BEACH, Florida, Nov. 7, 2019 /PRNewswire/ -- Artificial intelligence (AI) is a key growth investment area for DoD, with nearly $1 billion allocated for 2020, according to Breaking Defence.com. It pointed out that the Pentagon is figuring ways to harness AI for advantages as far flung as battlespace autonomy, intelligence analysis, record tracking, predictive maintenance and military medicine. AI is a key growth investment area for DoD, with nearly $1 billion allocated in the 2020 budget. The Defense Department's Joint Artificial Intelligence Center (JAIC) will see its budget double to over $208 million, with significant increases likely in 2021 and beyond. JAIC seeks to coordinate all military service and defense agency artificial intelligence activity over a $15 million benchmark. The military is currently seeking to integrate AI into weapon systems development, augment human operators with AI-driven robotic maneuver on the battlefield and enhance the precision of military fires
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- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
KTOS
Earnings
- 11/7/24 - Beat
KTOS
Sec Filings
- 11/18/24 - Form 144
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- KTOS's page on the SEC website