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Kratos Awarded $15 Million Task Order to Continue Training Support to Royal Saudi Naval Forces

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, July 17, 2019 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it was awarded a follow on Task Order (TO) by the Naval Air Warfare Center Training Systems Division (NAWCTSD). Valued at $15,115,603.55, it was issued against a U.S. Foreign Military Sales (FMS) sole-source, three-year, single award indefinite delivery indefinite quantity (IDIQ) contract to provide training-related products and services in a variety of disciplines to the Royal Saudi Naval Forces (RSNF). When combined with the value of previous awards, the contract funding to date is $95 million and has a potential value to Kratos of $99,301,007, depending on the number of task orders issued and anticipated contract modifications under the FMS agreement. Jose Diaz, Sr. Vice President of Kratos' Training Division, said, "This award expands our ability to continue to support the RSNF’s commitment to the transforma Show less Read more
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