Press release
Air Force Awards Kratos Sole Source $21.7 Million Contract for Full Rate Production (Lot 19) of the BQM-167A Target
SAN DIEGO, March 07, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security
About this update from Kratos Defense & Security Solutions, Inc.
[{"type":"text","content":"SAN DIEGO, March 07, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that Kratos has received a $21,738,865.71 Firm Fixed Price delivery order for Lot 19 procurement of 17 aircraft, mission kits, certain flight consumables, and technical data for the BQM-167A Air Force Subscale Aerial Targets (AFSATs) under the five-year base contract. Air Force Life Cycle Management Center, Eglin AFB, Florida, is the contracting activity. Kratos / USAF BQM-167A AFSAT in Flight with Extremal Mission Payloads. is available athttps://www.globenewswire.com/NewsRoom/AttachmentNg/af64b885-665d-4051-8a36-e00fd4e44203 Steve Fendley, President of Kratos Unmanned Systems Division, said, “Kratos’ affordable target systems provide an incredibly high-performance-to-cost ratio and key, high-performance and threat-representative capabilities to support USAF training and test needs. We have shared a great partnership and team approach with the USAF throughout our nearly 20 years of working together on target systems. Kratos is excited that our system maturity warrants and enables the long-term contract and proud that the Air Force has this confidence in our target systems and personnel.” Work will be performed at a Kratos manufacturing facility. Total contract value if the options for Lots 17-21 and spares are all exercised at the maximum production quantities is $374,043,801.76. About Kratos Defense & Security SolutionsKratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is a Technology Company that develops and fields transformative, affordable systems, products and solutions for United States National Security, our allies and global commercial enterprises. At Kratos, Affordability is a Technology, and Kratos is changing the way breakthrough technology is rapidly brought to market – at a low cost – with actual products, systems, and technologies rather than slide decks or renderings. Through proven commercial and venture capital backed approaches, including proactive, internally funded research and streamlined development processes, Kratos is focused on being First to Market with our solutions, well in advance of competition. Kratos is the recogn...