Kratos Awarded $2.7 Million Sole-Source Award for Drone Mission Command and Control Kits
20 April 2020 - 10:00PM
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a
leading National Security Solutions provider, announced today that
Kratos Unmanned Systems Division has received a $2.7 million
sole-source option award for Command and Control System Mission
Kits to support U.S. drone operations. Kratos is the design and
qualification authority and this award is part of the follow-on
production program. Production is now in its second year of a 5
year IDIQ contract.
Steve Fendley, President of Kratos Unmanned
Systems Division, said, “Our primary focus and commitment remains
developing and supporting cost-effective unmanned systems for our
nation’s warfighter. During these unusual times, we are
dual-hatted, focused on keeping our company personnel and
communities safe, while continuing to deliver our critical systems
to the military.”
Due to competitive, customer-related, and other
considerations, no additional information will be provided related
to this new contract award.
About Kratos Defense & Security
Solutions, Inc. Kratos 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 and
combat systems, and next-generation turbojet and turbo-fan engine
development. For more information, go
to www.KratosDefense.com.
Notice Regarding Forward-Looking
Statements Certain 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 29, 2019, 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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