Kratos Wins $20 Million International Drone Contract for Production Aircraft, Support Equipment, and Services
10 February 2022 - 12:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS),
a leading National Security Solutions provider, announced today
that its Kratos Unmanned Systems Division (KUSD) has recently
received a $20 million contract award from an
international customer for high performance, unmanned aerial target
drone system aircraft and related services. The procurement
includes aerial target drones, spares and consumables, ground
control station (GCS), ground support equipment, launching systems,
and payloads. In addition to the hardware to be provided, KUSD will
deliver services that include testing, technical training,
in-country establishment, and technical assistance.
Steve Fendley, President of the Kratos
Unmanned Systems Division, said, “We’re pleased to be
increasing our international footprint for production drone systems
with this new international customer and region. The performance
versus cost affordability of Kratos’ systems is key in enabling us
to continue growing this business line and supporting U.S. allies
abroad.”
KUSD is a recognized industry leader in the
design and production of affordable, high performance, jet powered,
unmanned aerial aircraft and systems for threat representative
target drones and tactical applications. Work under this contract
award will be performed at Kratos manufacturing facilities and
customer locations. Due to competitive and other considerations, no
additional information will be provided related to this contract
award.
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
developmentprocesses. Kratos specializes in unmanned
systems, satellite communications, cyber security/warfare,
microwave electronics, missile defense, hypersonic systems, small
to mid-sized jet engines and technology, 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
30, 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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