Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its recently acquired business, Composite Engineering, Inc. (CEI), has been awarded a contract for an additional forty five (45) Miniature Air Launched Decoy (MALD®)-J fuselages. The followon award is tied to a Lot 4 production contract that CEI received in July of 2011. To date, CEI has provided in excess of five hundred (500) MALD® fuselages to Raytheon Missile Systems, the Prime Contractor for the MALD® program. In addition to producing the MALD® fuselage, CEI provides target drones that are made from composite materials and are designed to replicate some of the most lethal threats facing this nation's Warfighters and strategic assets.
Frank Cina, Senior Vice President and General Manager of CEI, notes, "We are proud and excited to continue our support to the U.S. Air Force and Raytheon on the MALD®. Our experience on the program will enable deliveries to continue uninterrupted."
Date: Sep 27, 2012