Kratos Receives $35 M Sole-Source USAF IDIQ Contract for Subscale Aerial Target Spares

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that the U.S. Air Force awarded Kratos Unmanned Systems Division a $35,000,000 firm-fixed-price contract for Air Force Subscale Aerial Target peculiar spares. Work will be performed at Sacramento, California, and is expected to be complete by March 30, 2024. This award is the result of a sole source acquisition. Fiscal 2019 operations and maintenance funds in the amount of $185,606; and fiscal 2019 aircraft procurement funds in the amount of $35,255 are being obligated at the time of award. The Air Force Life Cycle Management Center, Eglin Air Force Base, Florida, is the contracting activity (FA8678-19-D-0001).

Kratos is a leading provider of high performance unmanned aerial drone systems for threat representative target missions to exercise weapon, radar, and other systems; and tactical aerial drone systems for strike/ISR and force multiplication missions. Work under this contract award will be performed at the Kratos Unmanned Systems Division facilities in Sacramento, California.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “This welcomed announcement accompanies a week of successful meetings with our Air Force partners at the Air Force Association’s Air, Space & Cyber Conference. Kratos looks forward to continuing to support the U.S. Air Force on this important contract and other current and future opportunities.”

Source: Kratos Defense & Security Solutions
Date: Sep 19, 2019