Kratos Defense & Security Solutions Inc., the defense holding company based in the University Towne Center neighborhood, reported a fourth quarter net loss of $4 million, or 7 cents per share, on revenue of $177.5 million.

Kratos beat the consensus of four analysts surveyed by Yahoo Finance. Collectively, they predicted that Kratos would lose 11 cents per share in the December quarter.

The business released financial results on March 10.

In the same quarter of 2014, Kratos reported a net loss of $2.2 million, or 4 cents per share, on higher revenue of $192.1 million.

For all of 2015, Kratos reported net income of $19.8 million, or 34 cents per share, on revenue of $657.1 million. Annual revenue was down 14 percent from 2014, when it was $763 million. Kratos reported a net loss of $78 million, or $1.35 per share, in 2014.

Kratos reported that its project backlog at the end of 2015 was $913.8 million.

Also on March 10, Kratos announced that it named Steve Fendley as senior vice president, general manager and chief technology officer of its Composite Engineering Inc. unit in Sacramento. CEI, part of Kratos’ Unmanned Systems Division, makes high-performance target drones. Fendley was previously vice president of engineering with CEI.

CEI and Kratos are trying to get into the tactical unmanned aerial systems business.