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Satnews Daily
March 5th, 2019

Kratos Defense and Security Solutions' $11.2 Million Contract for Aerial Drone and Unmanned Ground Vehicle Kits 

Kratos Defense & Security Solutions, Inc.(NASDAQ:KTOS) has recently received $11.2 million in new unmanned aerial drone and unmanned ground vehicle system contract awards, including additional subsystems, support equipment, and spares, for fielded Kratos systems with the company's established domestic and international customers.

Kratos is a leading provider of high-performance, jet-powered, unmanned aerial drone systems for both target and tactical applications; providing the aircraft systems, command and control equipment, and mission subsystems for these applications.  In addition, Kratos develops and provides unmanned ground vehicle kits for military and for commercial applications.

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.

Executive Comment

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 the company is proud to support the U.S. DoD and the nation's allies in their missions.