Kratos Awarded $17 Million Task Order for Continued Royal Saudi Naval Forces Training Support
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, Jan. 03, 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 $17,251,091.00, 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), the Naval Force of the Kingdom of Saudi Arabia. When combined with the value of previous awards, the contract funding to date is $80 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. With this award, Kratos will continue to provide its extensive military-focused training and instructional serv
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