Kratos Receives $14M Tactical Jet Drone System Contract Award

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has recently received an approximate $14 million Tactical Jet Drone contract award. Kratos is an industry leader in the development, design and fielding of affordable, high-performance jet powered unmanned aerial drone systems. Work under this new contract award will be performed at secure Kratos facilities and at customer locations. Due to competitive, security 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, “Kratos today has a family of affordable, high performance, tactical jet drone systems flying, including Valkyrie, MAKO, Gremlins, Airwolf, and others. In 2015 Kratos demonstrated manned – unmanned teaming with Kratos high performance Mako jet drone systems flying with a manned fighter aircraft, with the Mako performing a series of autonomous and operator-supervised missions. Today’s contract award announcement continues Kratos’ industry leading position and the evolution of certain of Kratos’ highest performance, most capable unmanned aerial systems in the world today.”