Kratos Awarded $30 M for Scope Increases on Multiple Training Platform Programs

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it was awarded contract scope increases valued at over $30 million on multiple existing training contracts. Due to customer related, competitive and other considerations, no additional information will be provided related to these scope increases.

Jose Diaz, Senior Vice President, Kratos Training Solutions, explains: “Kratos continues to deliver customer-tailored solutions in cutting-edge training system environments by advancing simulators with innovative technologies and expanding simulation fidelity with virtual, augmented and mixed reality technologies. These awards will enable world-class training that sharpens warfighter resiliency, increases real mission preparedness, improves mission safety and reduces training costs.”

To meet the challenge of increasingly sophisticated weaponry, tactics and readiness demands, Kratos utilizes cutting-edge technologies to develop synthetic training environments (STE) for enhanced maintenance and operational training solutions that reduce costs, speed development and deliver high-fidelity performance. Kratos’ warfighter training solutions employ an extensive array of products and services for air, ground and naval platforms. Integrating the latest in Virtual Reality (VR), Augmented Reality (AR) and Mixed Reality (MR) technology with its state of the art simulation systems and instructional design capabilities, Kratos’ blended training systems address a broad spectrum of training disciplines.

Source: Kratos Defense & Security Solutions
Date: Oct 11, 2018