Kratos Receives $877 Million Indefinite-Delivery/Indefinite-Quantity, Multiple Award Sounding Rocket Program-4 Contract Award
February 12 2024 - 7:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
Technology Company in Defense, National Security and Global
Markets, announced today that its Kratos Space & Missile
Defense Systems Inc., business unit has received a multiple-award,
indefinite-delivery/indefinite-quantity, cost-plus-incentive-fee,
cost-plus-fixed-fee, and firm-fixed-price contract with a combined
maximum ceiling of $877 million with a nine-year ordering period
for Sounding Rocket Program-4. This contract provides suborbital
launch services and launch support services necessary to accomplish
the Rocket Systems Launch Program’s suborbital mission. The primary
locations of performance of the work will be at the contractor
facilities and a variety of government launch sites, depending on
mission requirements, and is expected to be completed by November
15, 2029. This contract was a competitive acquisition, and three
offers were received. Space Systems Command, Kirtland Air Force
Base, New Mexico, is the contracting activity.
Kratos Space & Missile Defense Systems is a
leading provider of affordable rocket launch systems for ballistic
missile target, ballistic missile defense, sub orbital, hypersonic
and other missions.
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions,
Inc. (NASDAQ: KTOS) is a technology, products, system and
software company addressing the defense, national security, and
commercial markets. Kratos makes true internally funded research,
development, capital and other investments, to rapidly develop,
produce and field solutions that address our customers’ mission
critical needs and requirements. At Kratos, affordability is a
technology, and we seek to utilize proven, leading edge approaches
and technology, not unproven bleeding edge approaches or
technology, with Kratos’ approach designed to reduce cost, schedule
and risk, enabling us to be first to market with cost effective
solutions. We believe that Kratos is known as an innovative
disruptive change agent in the industry, a company that is an
expert in designing products and systems up front for successful
rapid, large quantity, low cost future manufacturing which is a
value add competitive differentiator for our large traditional
prime system integrator partners and also to our government and
commercial customers. Kratos intends to pursue program and contract
opportunities as the prime or lead contractor when we believe that
our probability of win (PWin) is high and any investment required
by Kratos is within our capital resource comfort level. We intend
to partner and team with a large, traditional system integrator
when our assessment of PWin is greater or required investment is
beyond Kratos’ comfort level. Kratos’ primary business areas
include virtualized ground systems for satellites and space
vehicles including software for command & control (C2) and
telemetry, tracking and control (TT&C), jet powered unmanned
aerial drone systems, hypersonic vehicles and rocket systems,
propulsion systems for drones, missiles, loitering munitions,
supersonic systems, space craft and launch systems, C5ISR and
microwave electronic products for missile, radar, missile defense,
space, satellite, counter UAS, directed energy, communication and
other systems, and virtual & augmented reality training systems
for the warfighter. For more information, visit
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
25, 2022, and in subsequent reports on Forms 10-Q and 8-K and other
filings made with the SEC by Kratos.
Kratos Press Contact:Yolanda White858-812-7302
Direct
Kratos Investor
Information:877-934-4687investor@kratosdefense.com
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