Air Force Awards Kratos Sole Source $21.7 Million Contract for Full Rate Production (Lot 19) of the BQM-167A Target
08 March 2023 - 12:00AM
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a
Technology Company in the Defense, National Security and Global
Markets and industry-leading provider of high-performance,
jet-powered unmanned aerial systems, announced today that Kratos
has received a $21,738,865.71 Firm Fixed Price delivery order for
Lot 19 procurement of 17 aircraft, mission kits, certain flight
consumables, and technical data for the BQM-167A Air Force Subscale
Aerial Targets (AFSATs) under the five-year base contract. Air
Force Life Cycle Management Center, Eglin AFB, Florida, is the
contracting activity.
Kratos / USAF BQM-167A AFSAT in Flight with
Extremal Mission Payloads. is available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/af64b885-665d-4051-8a36-e00fd4e44203
Steve Fendley, President of Kratos
Unmanned Systems Division, said, “Kratos’ affordable
target systems provide an incredibly high-performance-to-cost ratio
and key, high-performance and threat-representative capabilities to
support USAF training and test needs. We have shared a great
partnership and team approach with the USAF throughout our nearly
20 years of working together on target systems. Kratos is excited
that our system maturity warrants and enables the long-term
contract and proud that the Air Force has this confidence in our
target systems and personnel.”
Work will be performed at a Kratos manufacturing
facility. Total contract value if the options for Lots 17-21 and
spares are all exercised at the maximum production quantities is
$374,043,801.76.
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions, Inc.
(NASDAQ:KTOS) is a Technology Company that develops and fields
transformative, affordable systems, products and solutions for
United States National Security, our allies and global commercial
enterprises. At Kratos, Affordability is a Technology, and Kratos
is changing the way breakthrough technology is rapidly brought to
market – at a low cost – with actual products, systems, and
technologies rather than slide decks or renderings. Through proven
commercial and venture capital backed approaches, including
proactive, internally funded research and streamlined development
processes, Kratos is focused on being First to Market with our
solutions, well in advance of competition. Kratos is the recognized
Technology Disruptor in our core market areas, including Space and
Satellite Communications, Cyber Security and Warfare, Unmanned
Systems, Rocket and Hypersonic Systems, Next-Generation Jet Engines
and Propulsion Systems, Microwave Electronics, C5ISR and Virtual
and Augmented Reality Training Systems. For more information, visit
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
25, 2022, 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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