Kratos Awarded Sole-Source Multi-Million Dollar Contract for 20 High-Performance Target Drone System Aircraft from International Customer

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that Kratos has received a multi-million dollar order for 20 high performance target system aircraft from a key, long-term, international customer. Work under this contract will be primarily conducted in Kratos’ facility in Oklahoma City, OK.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “Our aerial target systems lead the world in capability and capability-per-performance affordability. With the continued evolution and advancement of defensive and weapon systems around the globe, the need for more targets and target missions supporting military training and weapons development continues to rise, and Kratos is committed to supporting this requirement for the U.S. and its allies. Our team in Oklahoma City is extremely proud to be producing these complete systems in the Kratos OKC manufacturing facility, now well-established in rate production.”

Due to competitive, customer-related, and other considerations, no additional information will be provided related to this new contract award.

Source: Kratos Defense & Security Solutions
Date: Sep 29, 2020