Kratos Awarded $54M Task Order to Develop a Low Cost, Limited Life Engine for Attritable and Expendable Systems
July 25 2022 - 7:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
Kratos Turbine Technologies (KTT) Division has been awarded a task
order contract to develop a low cost, limited life engine for
attritable and expendable systems. The contract is part of the Air
Force Research Laboratory, Aerospace Systems Directorate, Turbine
Engine Division (AFRL/RQT), Attritable Cost Optimized Limited Life
Engine Technologies (ACOLLET) program. Under prior and existing
contracts, KTT has completed component rig and core engine testing
and has recently begun full engine ground testing. The initial,
$6.8M, effort will focus on key component testing and engine
optimization trade studies to validate the capabilities the engine
can bring to future systems. Additional, unfunded, options are
available to complete the engine design and testing for future
flight demonstrations. The work will be performed by KTT in
Florida.
KTT’s Attritable and Expendable Turbofan
Engine
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1c7b82ca-7df7-4034-99de-75990b2072c7
Stacey Rock, President of Kratos Turbine
Technologies Division, said, “The new contract allows KTT to
continue the great working relationship with AFRL’s Turbine Engine
Division to bring disruptive engine technology to the warfighter.
Both parties are focused on increasing system mission capability,
while providing engines at a lower cost. All of Kratos is focused
on supporting the United States warfighter and industrial base,
including making significant investments in the development and
production of next generation engines and supporting STEM
opportunities in the USA. We look forward to continuing to support
the AFRL in the development of transformative and affordable
turbine engine technologies.”
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions, Inc.
(NASDAQ:KTOS) develops and fields transformative, affordable
technology, platforms and systems for United States National
Security related customers, allies and commercial enterprises.
Kratos is changing the way breakthrough technology for these
industries are rapidly brought to market through proven commercial
and venture capital backed approaches, including proactive research
and streamlined development processes. At Kratos, affordability is
a technology and we specialize in unmanned systems, satellite
communications, cyber security/warfare, microwave electronics,
missile defense, hypersonic systems, training, combat systems and
next generation turbo jet and turbo fan engine development. For
more information go to www.KratosDefense.com.
Notice Regarding Forward-Looking
StatementsCertain statements in this press release may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made on the basis of the current
beliefs, expectations and assumptions of the management of Kratos
and are subject to significant risks and uncertainty. Investors are
cautioned not to place undue reliance on any such forward-looking
statements. All such forward-looking statements speak only as of
the date they are made, and Kratos undertakes no obligation to
update or revise these statements, whether as a result of new
information, future events or otherwise. Although Kratos believes
that the expectations reflected in these forward-looking statements
are reasonable, these statements involve many risks and
uncertainties that may cause actual results to differ materially
from what may be expressed or implied in these forward-looking
statements. For a further discussion of risks and uncertainties
that could cause actual results to differ from those expressed in
these forward-looking statements, as well as risks relating to the
business of Kratos in general, see the risk disclosures in the
Annual Report on Form 10-K of Kratos for the year ended December
26, 2021, and in subsequent reports on Forms 10-Q and 8-K and other
filings made with the SEC by Kratos.
Press Contact:Yolanda White858-812-7302
Direct
Investor
Information:877-934-4687investor@kratosdefense.com
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