Kratos Receives Initial Production Order for Affordable, High Performance Jet Engines for Aerial System Application
27 November 2021 - 12:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
it has recently received an initial production order for a new,
affordable, high performance jet engine for an aerial vehicle
application from a national security related customer. Kratos
is currently under contract from several government and other
national security related customers for the development of next
generation, affordable, high performance turbojet, turbofan, and
other engine types for unmanned aerial system (UAS) aircraft,
cruise missiles, powered munitions, and other related leading
technology systems. Work under this new, initial production
order will be performed at a secure Kratos manufacturing
facility. Due to competitive, customer related, security
related, and other reasons, no additional information will be
provided related to this recent contract award.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/80ff2859-28dd-4eb9-aca9-11a1b2612f80
Steve Fendley, President of Kratos Unmanned
Systems Division (KUSD), said, “All of Kratos is incredibly honored
to have the confidence of our customer and to have received this
initial production award for our affordable, next generation, high
performance engines for the new, leading technology aerial
system. At Kratos, affordability is a technology, and we are
taking our customers’ leadership statements, including to
‘accelerate, change, or lose′ to heart, across our entire
portfolio, including our tactical drone aircraft like Valkyrie and
Gremlins (Kratos-built AV provided to Prime: Dynetics), and with
our next generation engine portfolio.”
Eric DeMarco, President and CEO of Kratos, said,
“Kratos’ mission is focused on disrupting the national security
industry and marketplace by rapidly developing, demonstrating and
fielding affordable, leading technology systems that are relevant
for today’s peer threat environment. Over the past several
years, Kratos has listened keenly to our customer set, and we have
internally invested significant funds to develop and demonstrate a
number of products and systems, including in the high-performance
jet drone, satellite communication and jet engine areas for which
today’s contract announcement is related.”
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, please
visit 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 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
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