Benzinga | Nov 29, 2021 08:06AM EST

Kratos Receives $4.1M Unmanned Aerial Vehicle System Award From International Customer

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, announced today that its Kratos Unmanned Systems Division (KUSD) has recently received a $4.1 million contract award from an international customer for high performance, unmanned aerial target drone system aircraft and related services. KUSD is a recognized industry leader in the design and production of affordable, high performance, jet powered, unmanned aerial aircraft and systems for threat representative target drones and tactical applications. Work under this contract award will be performed at secure Kratos manufacturing facilities and at customer locations. Due to competitive, security related, and other considerations, no additional information will be provided related to this contract award.



Steve Fendley, President of KUSD, said, "The recapitalization of strategic weapon systems by the United States and its allies is driving significant global demand for Kratos target drone systems, which represent certain leading technology system and platform threats of our peer adversaries. At Kratos, affordability is a technology, and our high performance target and tactical drone systems are representative of our affordability mission. The broad application set of these drone systems as well as the speed at which they can be developed, produced, modified, and reconfigured creates the high utility / affordable cost ratio, especially as compared to manned systems. The capabilities and performance per cost ratio is highly recognized and appreciated by our established and growing customer base."