Benzinga | Sep 28, 2021 02:23PM EDT

Kratos Secures $3.2M Contract For Next Generation Small Engine Development

* Kratos Defense & Security Solutions, Inc's (NASDAQ:KTOS) Kratos Turbine Technologies (KTT) business has received an ~$3.2 million contract award to develop a Next Generation small engine for a National Security Program.

* KTT is currently under contract and developing several Next Generation turbojet, turbofan, and other engines for certain National Security priority areas.

* The company will perform the work under this contract award at a secure Kratos technical, engineering, and development facility.

* Price Action: KTOS shares are trading lower by 2.75% at $22.62 on the last check Tuesday.