Kratos Receives $23 M Sole Source High Performance Jet Drone Production Contract Award

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider, announced today that its Unmanned Systems Division has received a $23 million award for a production run of one of its high performance jet drones.

In operation around the world, Kratos target drone systems perform as high fidelity enemy threat surrogates, simulating characteristics of a range of threat aircraft and missiles.  These target drones are employed for weapons testing, weapons development, and training requirements for the military user.  Kratos is a leading provider of high performance unmanned aerial drone and target systems, unmanned aerial, ground and sea platforms, command, control, avionics control, and termination systems.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “We have on-contract high performance drone production operations active in multiple states and multiple sites to achieve the current quantity demand which is only forecasted to continue increasing in the coming years.  These are exciting times for the company and our individual employees as we see our family of fielded unmanned aircraft products grow as we transition more systems to production while simultaneously and continuously establishing and evolving new development systems.”

Source: Kratos Defense & Security Solutions
Date: Aug 5, 2019