Kratos Receives $27 M Single Award IDIQ Unmanned Drone Systems Contract from US Government Agency

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Unmanned Systems Division (USD) recently received a single award IDIQ contract, with a $27 million ceiling, from a U.S. Government Agency related to unmanned drone systems.  USD is an industry leader in the rapid design, development and fielding of affordable high performance jet powered unmanned aerial drone systems for tactical, combat and target applications. Work under this contract will be performed at secure Kratos facilities and at government locations.  Due to competitive, customer related and other considerations, no additional information will be provided at this time.

Steve Fendley, President of Unmanned Systems Division, said, "This recent contract award is another important milestone in the successful execution of the unmanned systems strategy that we set years ago.  All of Kratos' Unmanned Systems Division is proud to support this important National Security customer."

Eric DeMarco, President and CEO of Kratos, said, "Kratos' Unmanned Systems Division continues to successfully execute its business plan as demonstrated by this most recent contract award, and with our recent participation in Formidable Shield 17, where a number Kratos unmanned target drone and ballistic missile targets performed successfully.  Additionally, USD remains in pursuit of several other large program opportunities which we are hopeful of receiving over the next several weeks."