Kratos Awarded $8.6 Million Task Order to Complete 50shp Class Recuperated Turbine Engine for Future Group 3 UAVs
24 June 2021 - 10:00PM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
Kratos Turbine Technologies (KTT) Division has been awarded an $8.6
million task order under its Advanced Turbine Technologies for
Affordable Mission (ATTAM) ID/IQ contract. The program will be
managed by the Turbine Engine Division of the Air Force Research
Laboratory (AFRL/RQT). Under the contract KTT will complete the
design, build, assemble and test of an affordable turboshaft engine
for Group 3 UAVs. The engine design is convertible to produce the
electrical power required of advanced hybrid electric aircraft. The
award follows the successful completion of multiple programs where
KTT completed concept and engine trade studies for Group 3 UAVs
with the guided leadership of AFRL/RQT. The objective of the
awarded task order is to complete the engine development for flight
testing and to demonstrate the high-power-to-weight,
high-efficiency, and increased durability of the recuperated engine
design. Work will be performed by KTT in Florida.
Stacey Rock, President of Kratos Turbine
Technologies Division, said, “The recent award demonstrates KTT’s
commitment to developing high-performing and affordable engines for
the warfighter. All of Kratos is focused on supporting the United
States warfighter and industrial base, including making significant
investments in the development and production of next generation
engines and supporting STEM opportunities in the USA. We look
forward to continuing to support AFRL in the development of
transformative and affordable turbine engine technologies.”
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. At Kratos, affordability is
a technology and we specialize 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
27, 2020, 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