Kratos’ XQ-58A Valkyrie Awarded Aviation Week’s Laureate Award for Defense Technology & Innovation
23 November 2019 - 12:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
its XQ-58A Valkyrie has been awarded the Aviation Week Network’s
Laureate Award for Technology & Innovation in the Defense
Sector
(https://laureates.aviationweek.com/en/winners/2020-winners.html).
Kratos’ XQ-58A Valkyrie is a tactical/strike
unmanned aerial vehicle developed in partnership with the Air Force
Research Laboratory (AFRL) and managed within AFRL’s Low Cost
Attritable Aircraft Technology (LCAAT) portfolio. The XQ-58A was
designed to accomplish myriad tasks in high-threat environments
while being a cost-effective force multiplier to the warfighter.
Its flight performance is comparable and complementary to that of
the combat aircraft it was created to support. The Valkyrie has
thus far completed three highly-successful flights, occurring in
March, June, and October of 2019. These flights were conducted
beginning just two and a half years after initial contract
award.
Steve Fendley, President of Kratos Unmanned
Systems Division, said, “The Valkyrie, which progressed from clean
sheet to flying aircraft just 30 months after contract award,
perfectly exemplifies the value that Kratos’ model and commitment
to delivering affordable, right-technology solutions can bring to
our Armed Forces. Kratos, along with our AFRL partner, is honored
to be recognized and receive Aviation Week’s prestigious Laureate
Award.”
“For over 60 years, Aviation Week Network's
Laureate Awards have recognized the extraordinary achievements of
individuals and teams in aviation, aerospace, and defense” whose
“accomplishments embody the spirit of exploration, innovation and
vision that inspire others to strive for progress, change and
leadership in aviation and aerospace,” according to Aviation Week’s
Laureate Awards website
(https://laureates.aviationweek.com/en/home.html).
The Valkyrie and its development team were
awarded this honor for “[blurring] the traditional boundaries
between a disposable cruise missile and reusable unmanned
aircraft.”
Kratos Unmanned Systems Division is a leading
provider of high performance unmanned aerial drone and target
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.
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions,
Inc. (NASDAQ:KTOS) develops and fields transformative,
affordable technology, platforms and systems for United States
National Security related customers, allies and commercial
enterprises. Kratos is changing the way breakthrough
technology for these industries are rapidly brought to market
through proven commercial and venture capital backed approaches,
including proactive research and streamlined development
processes. Kratos specializes in unmanned systems,
satellite communications, cyber security/warfare, microwave
electronics, missile defense, hypersonic systems, training, combat
systems and next generation turbo jet and turbo fan engine
development. 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
30, 2018, 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
Kratos Defense and Secur... (NASDAQ:KTOS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Kratos Defense and Secur... (NASDAQ:KTOS)
Historical Stock Chart
From Jul 2023 to Jul 2024