Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS),
a Technology Company in Defense, National Security and Global
Markets announced today that its Space & Missile Defense (SMDS)
business unit has ordered a combined total of nine new Zeus 1 and
Zeus 2 rocket motors in preparation for upcoming initial customer
funded flights. The Kratos developed Zeus family of Solid
Rocket Motors (SRMs) is in direct response to the urgent need for
affordable commercial launch vehicle stages for hypersonic test,
ballistic missile target, sounding rocket and “other” customer
missions. SMDS applied its significant experience to
establish the Zeus 1 and Zeus 2 motor requirements and
specifications in close coordination with respective customer and
user communities. Kratos, through internal investments, funded
development of the Zeus SRMs which are designed and manufactured to
Kratos’ specifications by key merchant supplier and partner,
Aerojet Rocketdyne.
The Kratos Zeus 1 and Zeus 2 SRMs provide
substantial performance improvements over similar legacy and
heritage SRMs within the same relevant form factor, allowing
existing vehicle designs and launch infrastructure to remain
unchanged while also promoting rapid integration of leading
technology systems and payloads, including those currently under
development by Kratos. These and other key attributes will provide
Kratos’ customers opportunities to fly more often, faster and
farther, using fewer stages, at a substantially reduced cost.
The Zeus 1 and Zeus 2 are high-performance
32.5-inch diameter SRMs, designed with versatility and
affordability in mind as a complement to Kratos’ internally funded
investments in the Erinyes hypersonic test “flyer” that is expected
to debut later this year. Kratos Zeus SRMs will also complement
Kratos’ internally funded, follow-on Dark Fury hypersonic system,
which nature and performance characteristics are highly classified.
These Kratos investments in the hypersonic and other relevant areas
create a versatile family of test, evaluation and “other” products
that offer complete systems, SRMs, and flyers. With the Zeus
SRMs, and the Erinyes, Dark Fury, and other Kratos front ends,
Kratos is one of the only companies boasting both launcher and
“Flyer” systems within one organization, providing unmatched
innovation, disruptive capabilities, mission responsiveness and
affordability to the customer.
Dave Carter, President of Kratos Defense &
Rocket Support Services Division, said, “The Kratos Zeus family of
SRMs is representative of our strategy to internally fund, rapidly
develop, be first to market and field affordable, relevant systems
to the United States Department of Defense and our Allies. At
Kratos, affordability is a technology, and the low cost of these
incredibly effective, high-performance systems, is driving
significant interest from the relevant customer and user
communities, as represented by this initial order of Zeus
SRMs.”
Eric DeMarco, President and CEO of Kratos, said,
“Kratos Zeus family of SRMs demonstrates our internally funded
investment strategy of delivering relevant products and systems,
not power points or renditions, to the National Security market.
Kratos Zeus family of motors, similar to other Kratos systems,
including tactical drones like Valkyrie, our Oriole rocket, and our
hypersonic flyers Erinyes and Dark Fury, are not only rapidly
developed and demonstrated, but are also engineered up front for
affordable mass production at quantity, an additional Kratos
differentiator and value enhancer for our government customers and
also for our traditional prime system integrator partners.”
About Kratos Defense & Security
SolutionsKratos 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
31, 2023, and in subsequent reports on Forms 10-Q and 8-K and other
filings made with the SEC by Kratos.
Kratos Press Contact:Yolanda White858-812-7302
Direct
Kratos Investor
Information:877-934-4687investor@kratosdefense.com
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