Kratos Receives $3.3 M Sole-Source Contract for Production of Jet Drone Target Aircraft and Related Systems

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Unmanned Systems Division has been awarded a $3.3 million contract for 10 production jet target drone aircraft and related systems. This order represents a periodic recurring need/request for Kratos’ target systems as part of a multi-year basic ordering agreement with this key international customer.

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 primarily at the Kratos Unmanned Systems Division production facilities in Oklahoma City, Oklahoma.  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, “As our Oklahoma City facility has established and ramped up production capability based on our forecasts, these recurring production orders validate our planning and enable the “machine” to be in full swing.  We are excited to increase our production rates in Oklahoma City, and are fully committed to supporting our international customer base in addition to our domestic customers.”

Source: Kratos Defense & Security Solutions
Date: Oct 11, 2019