Kratos Awarded Unmanned Aerial Target Drone Systems Contract with $93.3 Million Potential Value
Kratos Defense & Security Solutions, Inc. (KTOS)
Last kratos defense & security solutions, inc. earnings: 2/24 04:00 pm
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Source: GlobeNewswire
SAN DIEGO, May 24, 2018 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Kratos Defense & Rocket Support Services Division (DRSS) has been awarded a prime contract for the Aerial Target Systems 2 (ATS-2), Multiple Award Indefinite Delivery Indefinite Quantity (IDIQ) Contract. This is a combined firm-fixed-price, cost-plus-fixed-fee delivery order contract with a ceiling of $93.3 million, and a 5 year period of performance. ATS-2 contract tasks will encompass requirements for research, development, test and evaluation (RDT&E), commercial-off-the-shelf (COTS) and non-commercial materials, technical flight, engineering field support, logistical and technical support associated with unmanned aerial target drone system programs managed by the U.S. Army’s Target Management Office (TMO). The TMO is a Division of the Department of the Army’s Program Executive Office for Simulation, Training
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