Kratos and Corvid Technologies Team to Win a Single Award $223-M Navy Contract for Short and Medium Range Sub-Orbital Flight Vehicles

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider, announced today that its Space & Missile Defense Systems business, teamed with Corvid Technologies, was recently awarded a 5-year, single award $223 million contract to deliver Sub-Orbital Flight Vehicles to the US Navy.  The Corvid and Kratos team will provide system engineering, vehicle design, manufacturing, integration, and launch support services for sub-orbital flight vehicles to be used as Ballistic Missile Defense System (BMDS) test targets, and for development and test of prototype weapon systems.

“Kratos is excited to work collaboratively with the Corvid lead team to provide low-cost, sub-orbital launch vehicle solutions to the US Navy. Our highly knowledgeable industry team is prepared to leverage its extensive experience from the Aegis Readiness Assessment Vehicles (ARAVs) program to provide sub-orbital rocket systems to meet the requirements of our long time Navy customer,” said Dave Carter, President for Kratos Defense & Rocket Support Services Division.  “Kratos is focused on providing responsive, affordable, and reliable sub-orbital vehicle solutions to meet emerging advanced target and hypersonic system needs.”

Source: Kratos Defense & Security Solutions
Date: Mar 6, 2019