KTOS - Kratos Defense & Security (KTOS) - Building Award Momentum

Awards. Kratos announced the receipt of two drone contract awards over the past two days, building momentum in the space. The first is an approximate $20 million production contract for high performance, jet powered, unmanned aerial target drone systems. The second is an approximate $14 million tactical jet drone contract award. While details of the tactical drone award were limited, we note the Company does reference its manned-unmanned teaming capabilities and the evolution of certain of Kratos’ highest performance, most capable unmanned aerial systems. Kratos is working on a number of manned-unmanned platforms, of which Skyborg is the most well known.Capabilities. We believe these contract awards are representative of Kratos’ industry leading position for certain of the highest performance and most capable jet drone aircraft flying in the world today. Kratos today has multiple active production lines producing approximately 150 target and tactical jet drone aircraft annually. These new drone production contract awards are a key element of the Company's future expected growth trajectory. Read More >>