Benzinga | Jan 25, 2022 03:32PM EST

Hypersonix, Kratos Join Forces To Develop, Fly DART AE Hypersonic Drone

* Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) has signed an agreement with Hypersonix Launch Systems Ltd. to launch the DART AE multi-mission hypersonic drone technology demonstrator.

* Hypersonix is an Australian Aerospace Engineering company specializing in designing and building scramjet engines and hypersonic vehicles.

* The Hypersonix Kratos Team plans for a launch and an initial demonstration flight of the DART AE Hypersonic Drone System in 2023.

* The drone will be fully 3D-printed out of high-temperature materials and powered by a single, fifth-generation SPARTAN, zero-emission, clean hydrogen scramjet engine with a publicly disclosable range of 500km.

* Price Action: KTOS shares traded lower by 0.76% at $16.87 on the last check Tuesday.