Kratos Receives $6 M in Unmanned Aerial Target Drone System Orders

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that Kratos Unmanned Systems Division (KUSD) has recently received approximately $6 million in high performance jet powered unmanned aerial target drone system orders, and related ancillary and spares support equipment.  Kratos is a leading provider of high performance unmanned aerial drone systems for threat representative target missions to exercise weapon, radar, and other systems; plus tactical aerial drone systems for strike/ISR and force multiplication missions. Work under these contract awards will be performed primarily in Kratos Unmanned Systems Division production facilities.  Due to competitive, customer related and other considerations, no additional information will be provided related to this new contract award.
             
Steve Fendley, President of Kratos Unmanned Systems Division, said, “These orders represent the latest evolution of our target systems which continue to support the evolving needs of our customers.  The recapitalization of strategic weapon systems by the U.S. and its allies to address new technology and state of the art threats of our adversaries is driving demand for Kratos high performance, threat representative target drones systems, and we are proud to support our customers’ and the warfighters’ operational readiness.”

Source: Kratos Defense & Security Solutions
Date: Jan 7, 2020