Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today the delivery of the first production BQM-177A Subsonic Aerial Target (SSAT) Drone System for the U.S. Navy. These production deliveries are part of the previously announced Low Rate Initial Production (LRIP) Year One contracts worth approximately $37 million.
To honor the occasion, Kratos is hosting a Rollout Celebration on Wednesday, July 11, 2018 at the McClellan Conference Center in McClellan, California. This event, in partnership with the U.S. Navy, celebrates the first production delivery of Kratos’ highest performance jet powered unmanned aerial target drone system with capabilities unmatched in the industry. Kratos is the leading supplier of high performance jet powered unmanned aerial drone systems for both tactical missions and threat representative target purposes. Kratos currently provides its high performance, jet powered target drone systems to all branches of the U.S. military, and many allied nations around the world.
Steve Fendley, Unmanned Systems Division President of Kratos, said, “We are honored to announce the delivery of the first production BQM-177A, arguably the highest performance unmanned aerial drone system in the world today, to our outstanding partner and customer the United States Navy. The SSAT program is one of the most important in all of Kratos, and it is expected to be one of the largest programs in our Company and a key element of our forecasted growth as we achieve full rate production quantities.”
Eric DeMarco, CEO of Kratos said, “Kratos has been methodically executing on the strategic plan we previously communicated to acquire and integrate leading technology, product and intellectual property based businesses, and be the leading platform, system and solution provider in our core business areas. The delivery of the first production unit BQM-177A is another milestone in our continued successful execution to be the differentiated and go-to partner with our DoD customers for the rapid development, demonstration and fielding of high performance, affordable systems.”
Source: Kratos Defense & Security Solutions
Date: Jul 9, 2018