Kratos High Performance Tactical Unmanned Aerial Systems Approved for International Marketing by U.S. State Department
13 March 2018 - 11:30PM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
it has received U.S. State Department approval to market its Mako
High Performance Jet Tactical Unmanned Aerial System to certain
European and Asia Pacific region countries. Kratos Mako
provides fighter-like performance and is designed to function as a
wingman to manned aircraft as a force multiplier in contested
airspace, or be deployed independently or in groups of UAS.
The Mako is a highly maneuverable unmanned aircraft, capable of
carrying and operating weapons and advanced sensor systems, which
has flown in multiple large-scale military exercises and could soon
be put into production for combat use.
Kratos works with most of these recently State
Department approved nations on other programs, contracts, systems
and products across the corporation, including certain existing
Kratos High Performance Unmanned Aerial Target Drone
customers. Kratos is recognized as being the industry leader
in high-performance, low-cost jet aerial target systems that
support the U.S. military and foreign ally military
customers/users, with its primary customers including the United
States Air Force, Navy, and Army. Kratos is also currently
under contract on multiple high performance jet powered tactical
unmanned aerial drone systems. Kratos is an industry leader
in the rapid development, demonstration, and fielding of technology
leading systems and products for National Security at an affordable
cost. Due to competitive and other considerations, no
additional information will be provided.
Steve Fendley, Unmanned Systems Division
President of Kratos, said, “This approval represents another
important step in our roadmap of being the global leader of high
performance jet unmanned aerial drone systems. These U.S.
ally and partner nations represent a key part of our existing, new,
and evolving customer base and are a critical element in enabling
Kratos to maintain its economy of scale related cost advantage for
the Tactical UAS that we routinely achieve with our unmanned aerial
target systems. Kratos has experienced significant growth
over the past few years, we are forecasting this growth to continue
in 2018, and this approval for Kratos to market Kratos tactical UAS
internationally positions us for continued and potentially even
stronger growth in future years.”
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions,
Inc. (NASDAQ:KTOS) develops transformative, affordable
technology for the Department of Defense and commercial
customers. Kratos is changing the way breakthrough
technology for these industries are brought to market through
proactive research and a streamlined development
process. Kratos specializes in unmanned systems,
satellite communications, cyber security/warfare, microwave
electronics, missile defense, training and combat systems. For more
information go to www.kratosdefense.com.
Notice Regarding Forward-Looking
StatementsCertain statements in this press release may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made on the basis of the current
beliefs, expectations and assumptions of the management of Kratos
and are subject to significant risks and uncertainty. Investors are
cautioned not to place undue reliance on any such forward-looking
statements. All such forward-looking statements speak only as of
the date they are made, and Kratos undertakes no obligation to
update or revise these statements, whether as a result of new
information, future events or otherwise. Although Kratos believes
that the expectations reflected in these forward-looking statements
are reasonable, these statements involve many risks and
uncertainties that may cause actual results to differ materially
from what may be expressed or implied in these forward-looking
statements. For a further discussion of risks and uncertainties
that could cause actual results to differ from those expressed in
these forward-looking statements, as well as risks relating to the
business of Kratos in general, see the risk disclosures in the
Annual Report on Form 10-K of Kratos for the year ended December
31, 2017 and in subsequent reports on Forms 10-Q and 8-K and other
filings made with the SEC by Kratos.
Press Contact:Yolanda
White858-812-7302 Direct Investor
Information:877-934-4687investor@kratosdefense.com
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