Benzinga | Dec 10, 2020 07:16AM EST

Kratos Announces Naval Air Systems Command Exercises Option for an Additional $38.7M For Full Rate Production Of BQM-177A Subsonic Aerial Target System

SAN DIEGO, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that Kratos has received an additional $38,691,360 from the U.S. Navy for Lot 2 of its recently-awarded Full Rate Production (FRP) contract for an additional 48 BQM-177A Subsonic Aerial Targets (SSAT) and associated technical data.