- Kratos Defense & Security Solutions ( NASDAQ: KTOS ) shares gained 2% pre-market on Monday after the security solutions company announced the receipt of a $54M task order to develop a low cost, limited life engine for attritable and expendable systems.
- The contract was awarded to Kratos Turbine Technologies division and is part of the Air Force Research Laboratory, Aerospace Systems Directorate, Turbine Engine Division (AFRL/RQT), Attritable Cost Optimized Limited Life Engine Technologies (ACOLLET) program.
- Kratos Turbine has completed component rig and core engine testing under prior and existing contracts and has recently begun full engine ground testing.
- The initial, $6.8M, effort will focus on key component testing and engine optimization trade studies; additional, unfunded, options are available to complete the engine design and testing for future flight demonstrations.
- Work will be performed in Florida.
For further details see:
Kratos wins $54M AFRL task order