Kratos Receives $15.2 M in Unmanned Drone System Contract Awards

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has recently received approximately $15.2 million in contract awards for High Performance Unmanned Aerial Drone, Unmanned Ground and related Unmanned System products and services. Kratos Unmanned Systems Division (KUSD) is a leading provider of high performance, jet powered unmanned aerial target drone systems for the test and exercise of combat and weapon systems, and tactical drone systems for force multiplication and amplification. Work under these recent contract awards will be performed at secure Kratos production facilities and at customer locations. Due to customer related and other considerations, no additional information will be provided related to these recent contract awards.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “The Global Recapitalization of strategic weapon systems by the U.S. and its allies to address peer and near peer threats is driving strong demand for Kratos’ threat representative target drone systems. These recent contract awards reflect our customers’ desire to exercise their Next Generation weapon systems against the most realistic threat representative scenarios possible.”