Naval Air Systems Command Awards Kratos $14.7 Million BQM-177A Subsonic Aerial Target System Contract
September 08 2022 - 7:00AM
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a
leading National Security Solutions provider and industry-leading
provider of high-performance, jet-powered unmanned aerial systems,
announced today that its Kratos Unmanned Aerial Systems unit has
received a Cost-Plus-Fixed-Fee Indefinite Delivery Indefinite
Quantity contract award for $14,748,648 from the U.S. Navy for five
year ordering period to continue software maintenance and updates
of the BQM-177A Subsonic Aerial Targets (SSAT).
Steve Fendley, President of the Kratos
Unmanned Systems Division, said, “This award provides the
foundation to continue our work with the Navy, maturing and
evolving the SSAT aircraft on pace with the threat environment.
This enables us to collectively provide the training to stress and
exercise our fleet prior to their deployments to increasingly
challenging theaters of operation, ultimately strengthening our
nation’s defense and helping protect the warfighter. Consistent
with our corporate motto, we continue our trend to be ready for
what’s next.”
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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