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Kratos Announces Award of BQM-177A Subsonic Aerial Target Drone System Low Rate Initial Production Contract of $37,091,710 from U.S. Navy

Kratos Defense & Security Solutions, Inc. (KTOS) 
Last kratos defense & security solutions, inc. earnings: 2/24 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: kratosdefense.com
Company Research Source: GlobeNewswire
SAN DIEGO, June 28, 2017 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, announced today that its Unmanned Systems Division (USD) was awarded an amendment to a previously awarded contract to exercise an option for Low Rate Initial Production Year 1 (LRIP 1) from the U.S. Navy, for BQM-177A Subsonic Aerial Target (SSAT) Drone Systems.  The SSAT LRIP 1 order has an initial value of $34,553,229.  Coincident with the LRIP 1 order, Kratos was awarded a contract to provide Contractor Logistics Support (CLS); initial value of the CLS award is $2,538,481 for fiscal 2017.  In addition, separate contracts for Peculiar Support Equipment, Initial Systems Spares, External Payload Systems and Flight Consumables will follow shortly.  Kratos’ USD is at the forefront in the design, development, demonstration and delivery of Affordable, High Performance, Jet Powered Unmanned Aerial Tactical and Target Drone Systems.  The BQM Show less Read more
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