Kratos Receives 10-Year Sole Source, Single Award International Framework Contract from QinetiQ UK for High Performance Unmanned Aerial Jet Target Drone Systems
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, July 16, 2018 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that it has received a 10-year sole source, single award framework contract from QinetiQ UK for Kratos’ MQM-178 Firejet aerial targets, spares, ground support equipment, technical services, and training. It is currently anticipated that multiple Firejet Targets will be utilized annually under this contract agreement. Kratos is a leading provider of high performance, jet powered unmanned aerial drone systems for tactical and target threat representation purposes. Work under this contract award will be performed at secure Kratos facilities, QinetiQ and customer locations. QinetiQ, which operates the UK Ministry of Defence (MOD) Hebrides Range as part of the Long Term Partnering Agreement (LTPA), utilized multiple Kratos’ Firejets and Kratos’ Terrier Oriole ballistic missile targets as part of the Formidable Shield 201
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