Kratos Welcomes U.S. Sen. Gary Peters, U.S. Rep. Lisa McClain to TDI Manufacturing Facility in Oxford, Michigan
07 February 2024 - 1:00AM
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a
Technology Company in the Defense, National Security and Global
Markets and an industry-leading provider of high-performance,
jet-powered unmanned aerial systems, recently welcomed U.S. Senator
Gary Peters (D-MI) and U.S. Representative Lisa McClain (R-MI-9) to
Technical Directions Inc. (TDI) headquartered in Oxford, Michigan,
to showcase Kratos’ family of affordable turbine engines and
turbogenerators.
Steve Fendley, President of Kratos
Unmanned Systems Division, said, “TDI’s engines are a key
enabler for producing small cruise missile and loitering munitions
in mass, thanks to our laser-focus on manufacturability for scale
with an incredibly high performance-to-cost ratio. These
characteristics mirror the Kratos’ corporate strategy, but more
importantly, provide a U.S. designed, manufactured, integrated, and
tested affordable small-thrust-class turbine engine solution which
has effectively been unachievable from U.S. manufacturers in recent
years. We’re very proud of the products we’ve developed and proud
to be growing in Michigan where we are able to leverage the deep
experience of the automotive industry. We appreciate the
opportunity to show them firsthand to Sen. Peters and Rep.
McClain.”
Sen. Peters, Rep. McClain visit TDI is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/758519ef-b746-4f81-987e-de7ec470115d
TDI has developed and refined turbine engine
technologies for military applications in Michigan since
1983—providing unique features in support of low-cost,
high-production, expendable turbojet engine applications, such as
small cruise missiles and other Unmanned Aerial Vehicles (UAVs).
With the engineering, manufacturing, and system integration
employees in the Oxford, Michigan facility, TDI’s subject matter
experts leverage Michigan’s deep automotive expertise and apply it
to the defense sector and have experience that encompasses all
aspects of this turbine engine class, from clean-sheet design,
through performance testing, vehicle integration, flight testing,
and production manufacturing. By making its own internally funded
investments that are not tied to any specific customer or budget
process, TDI is able to rapidly develop and be first to market with
its engines.
TDI-J85 Engine is available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/7d84c68c-4793-48bb-8561-7f7cab2063ec
In 2023, Kratos received a $9 million contract
award from the Department of Defense that, in addition to current
and near-term program plans, is expected to rapidly increase TDI’s
job, capability, and capacity growth trajectories, and advance
TDI’s work bringing small engine turbine manufacturing back to the
U.S. with the production rate and cost levels to support the DoD’s
affordable mass needs of today and tomorrow.
Senator Peters, a member of the Senate
Armed Services and Appropriations
Committees, said, “Michigan defense
manufacturers excel at producing innovative solutions to our most
pressing national security challenges, and Kratos and the TDI team
here in Oxford are a key partner in that success. It was great
to see firsthand the important work they are doing to build
the next-generation of defense technologies that protect our men
and women in uniform, and to celebrate this new contract that will
support Michigan-made products and jobs.”
“Touring the Kratos TDI facility this morning
was a terrific experience that gave me a first-hand perspective of
the work that goes into creating turbine engines and
turbogenerators,” said Representative McClain. “I
am proud that Kratos continues to call Oxford home, and I am
excited to see their impact in the community grow throughout this
year and beyond.”
About Kratos Defense & Security
Solutions, Inc.Kratos Defense & Security Solutions,
Inc. (NASDAQ: KTOS) is a technology, products, system and
software company addressing the defense, national security, and
commercial markets. Kratos makes true internally funded research,
development, capital and other investments, to rapidly develop,
produce and field solutions that address our customers’ mission
critical needs and requirements. At Kratos, affordability is a
technology, and we seek to utilize proven, leading-edge approaches
and technology, not unproven bleeding edge approaches or
technology, with Kratos’ approach designed to reduce cost, schedule
and risk, enabling us to be first to market with cost effective
solutions. We believe that Kratos is known as an innovative
disruptive change agent in the industry, a company that is an
expert in designing products and systems up front for successful
rapid, large quantity, low-cost future manufacturing which is a
value add competitive differentiator for our large traditional
prime system integrator partners and also to our government and
commercial customers. Kratos intends to pursue program and
contract opportunities as the prime or lead contractor when we
believe that our probability of win (PWin) is high and any
investment required by Kratos is within our capital resource
comfort level. We intend to partner and team with a large,
traditional system integrator when our assessment of PWin is
greater or required investment is beyond Kratos’ comfort level.
Kratos’ primary business areas include virtualized ground systems
for satellites and space vehicles including software for command
& control (C2) and telemetry, tracking and control (TT&C),
jet powered unmanned aerial drone systems, hypersonic vehicles and
rocket systems, propulsion systems for drones, missiles, loitering
munitions, supersonic systems, space craft and launch systems,
C5ISR and microwave electronic products for missile, radar, missile
defense, space, satellite, counter UAS, directed energy,
communication and other systems, and virtual & augmented
reality training systems for the warfighter. 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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