Kratos Defense Is Down 34% This Year. The Backlog Tells a Different Story. Top News Kratos Defense Is Down 34% This Year. The Backlog Tells a Different Story. Market Spectator June 27, 2026 KTOS has pulled back hard. The contract wins keep coming anyway. Read More Read more about Kratos Defense Is Down 34% This Year. The Backlog Tells a Different Story.