Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it was awarded a follow on Task Order (TO) by the Naval Air Warfare Center Training Systems Division (NAWCTSD). Valued at $17,251,091.00, it was issued against a U.S. Foreign Military Sales (FMS) sole-source, three-year, single award indefinite delivery indefinite quantity (IDIQ) contract to provide training-related products and services in a variety of disciplines to the Royal Saudi Naval Forces (RSNF), the Naval Force of the Kingdom of Saudi Arabia.
When combined with the value of previous awards, the contract funding to date is $80 million and has a potential value to Kratos of $99,301,007, depending on the number of task orders issued and anticipated contract modifications under the FMS agreement.
With this award, Kratos will continue to provide its extensive military-focused training and instructional services for air, ground and sea platforms to support the RSNF’s commitment to the transformational goals of the Ministry of Defense as it modernizes its growing naval fleet.
Jose Diaz, Sr. Vice President of Kratos' Training business, said: "This award is another example of the rapid and successful international expansion of our training services in support of the U.S and its allies’ efforts to meet the training challenges of increasingly sophisticated weaponry, tactics and readiness needs. Kratos integrates 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 approaches to address a broad spectrum of military training requirements.”
Source: Kratos Defense & Security Solutions
Date: Jan 3, 2019