Kratos Receives $17.6 Million Sole-Source Contract Award for New
Kratos Receives $17.6 Million Sole-Source Contract Award for New Tactical Jet Drone System Research, Development and Initial Production
SAN DIEGO, Oct. 01, 2019 (GLOBE
NEWSWIRE) -- Kratos Defense & Security Solutions, Inc.
(Nasdaq:KTOS), a leading National Security Solutions provider,
announced today that its Unmanned Systems Division has been awarded
an initial $17.6 million sole-source contract for Jet Drone
research, development, and production efforts. Work on this new
contract award is expected to begin immediately, with the scope of
work and related funding under this program expected to increase as
execution and performance milestones are successfully
Kratos is a leading provider of high performance unmanned aerial drone systems for threat representative target missions to exercise weapon, radar, and other systems; and tactical aerial drone systems for strike/ISR and force multiplication missions. Work under this contract award will be performed primarily at the Kratos Unmanned Systems Division facilities in Sacramento, California. Due to competitive, customer 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, “This exciting new contract award affords us the opportunity to continue expanding and evolving our tactical Unmanned Aircraft Systems portfolio and capability. We continue to secure research, development, technology advancement and new system contracts even as our production contracts grow; ideal for enabling...