Kratos Awarded Potential $50M Short/Medium Range Sub-Orbital Vehicle II Contract to Support Missile Defense Related Missions

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security, and global markets, today announced the award of the Short/Medium Range Sub-Orbital Vehicle (SSOV) II contract as a partner to Corvid Technologies, LLC. The contract, awarded by the Naval Surface Warfare Center, Port Hueneme, White Sands Detachment, will encompass the design, manufacture, and delivery of short- and medium-range suborbital vehicles, including provision of ground test hardware, special test equipment, materials, engineering, and launch support services. The contract includes options which, if exercised, bring the potential subcontract value to greater than $50 million.

Josh Peterson, Senior Vice President at Kratos Defense & Rocket Support Services, said, “This subcontract award as a partner to Corvid Technologies underscores our team’s ability to deliver advanced, cost-effective solutions that meet the critical launch service needs of our customers. The suborbital vehicle configurations provided under this contract significantly enhance the nation’s ability to rapidly and affordably demonstrate emerging technologies. We are proud to continue supporting the Naval Surface Warfare Center, Port Hueneme, White Sands Detachment, in this very vital mission.”

Work under the subcontract will be performed for U.S. and international customers, including Australia and the United Kingdom, in support of missile defense target missions and defense launch services. Launch vehicles under the contract will include Kratos’ Oriole Rocket Motor, Thrust Vector Control and other hardware and Systems to assist in performing complex mission trajectories.