Kratos Receives $45 Million Satellite System Related Contrac
Stay informed with our
free newsletters

Kratos Receives $45 Million Satellite System Related Contract Award

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, announced today that it has recently received a new, sole source, approximate $45 million single award contract related to a new satellite system. Work under this new satellite system contract award will be performed at secure Kratos engineering, production and integration facilities. Due to customer related, competitive and other considerations, no additional information will be provided regarding the new contract award at this time.

Phil Carrai, President of Kratos Satellite Business Unit, said, “The Kratos team is laser focused on rapidly developing and delivering leading technology products, software and systems to our National Security related customers in support of Mission Critical Space and Satellite system requirements. We are excited about this new space system program opportunity.”

Eric DeMarco, President and CEO of Kratos, said, “Kratos’ strategy is to invest our own internal funds and be first to market with affordable, relevant hardware and software for our National Security customers and partners. In addition to Kratos’ first to market, OpenSpace Virtualized Software for Satellite C2 and TT&C, we are first to market with our suite of tactical jet drones flying today; including Valkyrie, our Erinyes hypersonic vehicle, Kratos Zeus and Oriole SRM’s and our family of jet engines for drones, missiles and loitering munitions.”

Military Unmanned Aerial Systems (UAS) - Market and Technology Forecast to 2032

Military Unmanned Aerial Systems (UAS) - Market and Technology Forecast to 2032

Market forecasts by Region, Class, Type, and End-User. Country Analysis, Market and Technology Overview. Opportunities Analysis, and Leading Company Profiles

Download free sample pages More information

Publishdate:
Oct 14, 2024
Kratos Defense & Security Solutions
View original News release

National Conference on CFIUS 2025

National Conference on CFIUS 2025

Washington, DC
Apr 24 - 25, 2025

View agenda
Military Flight Training 2025 Conference

Military Flight Training 2025 Conference

Sardinia, Italy
Mar 31 - Apr 2, 2025

View agenda