I'll jump in with my all-knowing and condescending remarks before Pics has the chance to provide the REEL ANSEWR.
KTOS has a good product line, but took on lots of debt and bought companies at their high price. Now the industry is declining (news flash - defense spending is cyclical.) Sales should be $1.4B vs. $900M if maintaining old trends. This shake-out / consolidation always happens. The DoD will eventually benefit with higher efficiency and lower G&A rates, but KTOS must survive and streamline operations first. High debt, declining industry, and increased competition has caused many companies problems. The debate on this site is if the KTOS management team and BOD can handle this reality and still leave some value for the shareholders.