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KTOS - Kratos Defense secures $14.7M contract from U.S. Navy
Kratos Defense & Security Solutions Inc.
Kratos Defense & Security Solutions ( NASDAQ: KTOS ) notifies that its Kratos Unmanned Aerial Systems unit has received a Cost-Plus-Fixed-Fee Indefinite Delivery Indefinite Quantity contract award for $14,748,648 from the U.S. Navy.
The tenure of the contract is for five year and the ordering period to continue software maintenance and updates of the BQM-177A Subsonic Aerial Targets.