KTOS - Kratos marks 200th delivery of subsonic aerial target system

2023-04-04 08:26:53 ET

• Kratos Defense & Security Solutions' ( NASDAQ: KTOS ) Unmanned Systems Division has delivered the 200 ^th production BQM-177A Subsonic Aerial Target for a domestic customer as part of its Full Rate Production Lot 3 contract.
• Deliveries over the past two years have paved the way for activation of four operational sites spread across the globe.
• Under FRP Lot 2, KUAS delivered 48 additional SSAT aircraft.
• The FRP Lot 3 deliveries, that are currently ahead of schedule, will provide the assets to manage several large test programs critical for the Navy in the coming years.
• Stock price is up 3% before market opens on Tuesday.
• Contributor writes, ' Kratos: Expect Free Cash Flow To Improve From Here '

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