Kratos Receives $20.8 M in Unmanned Aerial Drone System Contract Awards

March 06, 2019

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Kratos Defense & Security Solutions, Inc.(NASDAQ:KTOS), a leading National Security Solutions provider, announced today that it has recently received $20.8 million in new unmanned aerial drone system contract awards, including additional high performance target drone systems for multiple international customers. Kratos is a leading provider of high performance, jet powered unmanned aerial drone systems utilized as targets for potential adversary weapon system threat representation and the exercise of U.S. and its allies' weapon systems. Kratos is also a leading provider of high performance unmanned aerial drone systems used for tactical applications, including force augmentation and amplification. Work under these new contract awards will be performed at secure Kratos manufacturing facilities and at customer locations. Due to competitive, customer related and other considerations, no additional information will be provided related to these contract awards.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “The Global Recapitalization of strategic weapon systems is a strong demand driver for Kratos' high performance, threat representative target drone systems, and we are proud to support the U.S. DoD and our allies in their missions.”

Source : Kratos Defense & Security Solutions