Kratos Awarded Sole-Source Contracts for 21 High-Performance Jet Drones, Spares, and Support Totaling Over $19,000,000
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, April 15, 2020 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, announced today that the Kratos Unmanned Systems Division has recently received sole-source contract awards totaling more than $19 million for the purchase of 21 high-performance jet target drones and spares. As a part of one of the contracts, Kratos will also provide development engineering to enable key specific mission capability for that customer. Steve Fendley, President of Kratos Unmanned Systems Division, said, “To prepare for a forecasted growth in demand, Kratos Unmanned has invested in and expanded our production facilities over the past 12-18 months, allowing us to begin immediately fulfilling new orders even in these uncertain times. We are proud to continue supporting our Defense customers as critical infrastructure within the Defense Industrial Base. Upholding the nation’s security by helping our customers meet their cr
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