Kratos Receives $14 Million Tactical Jet Drone System Contract Award
09 August 2022 - 10:00PM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
it has recently received an approximate $14 million Tactical Jet
Drone contract award. Kratos is an industry leader in the
development, design and fielding of affordable, high-performance
jet powered unmanned aerial drone systems. Work under this new
contract award will be performed at secure Kratos facilities and at
customer locations. Due to competitive, security related and other
considerations, no additional information will be provided related
to this new contract award.
Steve Fendley, President of Kratos Unmanned
Systems Division, said, “Kratos today has a family of affordable,
high performance, tactical jet drone systems flying, including
Valkyrie, MAKO, Gremlins, Airwolf, and others. In 2015 Kratos
demonstrated manned – unmanned teaming with Kratos high performance
Mako jet drone systems flying with a manned fighter aircraft, with
the Mako performing a series of autonomous and operator-supervised
missions. Today’s contract award announcement continues Kratos’
industry leading position and the evolution of certain of Kratos’
highest performance, most capable unmanned aerial systems in the
world today.”
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
26, 2021, 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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