KTOS - Kratos wins $50.92M contract option award

Kratos Unmanned Aerial Systems, a unit of Kratos Defense & Security Solutions (NASDAQ:KTOS), has been awarded a $50.92M contract modification (P00007) to a previously awarded firm-fixed-price contract (N0001920C0075). The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity. This modification exercises an option to procure 65 BQM-177A Subsonic Aerial Targets, 50 for the Navy (NVYAF), seven for the government of Japan, and eight for the government of Saudi Arabia, as well as associated technical and administrative data in support of full rate production lot three. KTOS +4.02% pre-market In a recent bullish analysis, SA contributor A Kashyap wrote, "Kratos has secured a wider customer base and several long-term contracts that will prove to be a reliable revenue source for the company." The company generated Non-GAAP EPS of $0.09 on revenues of $200.6M in its most recent quarter.

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Kratos wins $50.92M contract option award