Kratos Receives $17.8 M Contract Modification Related to XQ-58A Valkyrie from USAF Research Laboratory

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 $17,776,055 award from the U.S. Air Force Research Laboratory (AFRL) for work in support of the government’s Low Cost Attritable Aircraft Technology (LCAAT) efforts, including as related to the XQ-58A Valkyrie.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “Kratos is pleased to announce our continued efforts in support of AFRL in the LCAAT arena. Our work will continue evolving the capability set and further substantiate the viability and utility of these emerging unmanned technologies.”

Eric Demarco, President and CEO of Kratos, said, “Over the past several years Kratos has taken a commercial, venture-backed approach by investing in and producing high performance, technology leading systems, including affordable, unmanned aerial tactical drones prior to requirement or formal program of record. Today, Kratos has four affordable, reusable, expendable, or attritable drones flying which we can discuss, including Valkyrie, Mako, Gremlins (under Prime Contractor Dynetics), and Air Wolf, each of which is made in America and, we believe, provides Kratos an industry leading position in a large, new opportunity area.”

Source: Kratos Defense & Security Solutions
Date: Dec 21, 2020