AF Awards Kratos Sole Source $21.7M Contract for FRP (Lot 19) of the BQM-167A Target

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that Kratos has received a $21,738,865.71 Firm Fixed Price delivery order for Lot 19 procurement of 17 aircraft, mission kits, certain flight consumables, and technical data for the BQM-167A Air Force Subscale Aerial Targets (AFSATs) under the five-year base contract. Air Force Life Cycle Management Center, Eglin AFB, Florida, is the contracting activity.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “Kratos’ affordable target systems provide an incredibly high-performance-to-cost ratio and key, high-performance and threat-representative capabilities to support USAF training and test needs. We have shared a great partnership and team approach with the USAF throughout our nearly 20 years of working together on target systems. Kratos is excited that our system maturity warrants and enables the long-term contract and proud that the Air Force has this confidence in our target systems and personnel.”

Work will be performed at a Kratos manufacturing facility. Total contract value if the options for Lots 17-21 and spares are all exercised at the maximum production quantities is $374,043,801.76.