Benzinga | Nov 30, 2021 05:02PM EST

Kratos Secures Initial $4M In Single Award Funding On New C5ISR Program Award

* Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) received the initial ~$4 million in funding on a new, single award, Command, Control, Communication, Computing, Combat System, Intelligence, Surveillance & Reconnaissance (C5ISR) program.

* The award's total potential program value is ~$75 million, including production.

* Kratos will perform the work under this new program award at secure production and manufacturing facilities.

* Kratos will not disclose additional information related to this program, citing customer, competitive, security-related, and other considerations.

* Price Action: KTOS shares are trading lower by 0.95% at $19.78 on the last check Tuesday.