On Jan 8th, 2018, Kratos Defense & Security Solutions, Inc., a key National Security Solutions provider, announced that its Unmanned Systems Division (USD) recently received an approximate $23 million production award for a new, superior performance, jet powered, unmanned aerial drone system that has been under development.
A great portion of work to be carried out under this new contract award is expected to be carried out over the approximate next 12 months. This contract award is considered to be the initial year’s production, with multiple years of extra annual production expected subsequently. USD is an industry leader in the speedy design, development and fielding of reasonable high performance jet powered unmanned aerial drone systems ideal for tactical and threat representation target purposes. Work carried out under this program will be executed at secure Kratos production facilities and at customer locations. No additional information will be provided related to this program or contract award because of customer related, competitive and other considerations.
All of Kratos USD is proud and excited to have achieved this initial production milestone with this extremely important customer. USD is the recognized leader in high performance jet powered unmanned aerial drone systems, and this aircraft is another leading edge of technology example.
Steve Fendley, President of Kratos Unmanned Systems Division
Since 2012, when we completed our last major acquisition at Kratos, we have successfully integrated acquired businesses into a technology, intellectual property, and product based Company, while also investing in core focus areas including high performance unmanned aerial drone aircraft. We are now completing investments on a number of these new UAS platforms and entering production, which we expect will be key contributors to future increases in revenue, profit, cash flow and overall Kratos shareholder value. We are confident that Kratos’ ability to rapidly develop, demonstrate and field technology rich, affordable systems is a demonstrated key differentiator for our Company.
Eric DeMarco, President and CEO of Kratos