Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has recently received an initial production order for a new, affordable, high performance jet engine for an aerial vehicle application from a national security related customer. Kratos is currently under contract from several government and other national security related customers for the development of next generation, affordable, high performance turbojet, turbofan, and other engine types for unmanned aerial system (UAS) aircraft, cruise missiles, powered munitions, and other related leading technology systems. Work under this new, initial production order will be performed at a secure Kratos manufacturing facility. Due to competitive, customer related, security related, and other reasons, no additional information will be provided related to this recent contract award.
Steve Fendley, President of Kratos Unmanned Systems Division (KUSD), said, “All of Kratos is incredibly honored to have the confidence of our customer and to have received this initial production award for our affordable, next generation, high performance engines for the new, leading technology aerial system. At Kratos, affordability is a technology, and we are taking our customers’ leadership statements, including to ‘accelerate, change, or lose′ to heart, across our entire portfolio, including our tactical drone aircraft like Valkyrie and Gremlins (Kratos-built AV provided to Prime: Dynetics), and with our next generation engine portfolio.”
Eric DeMarco, President and CEO of Kratos, said, “Kratos’ mission is focused on disrupting the national security industry and marketplace by rapidly developing, demonstrating and fielding affordable, leading technology systems that are relevant for today’s peer threat environment. Over the past several years, Kratos has listened keenly to our customer set, and we have internally invested significant funds to develop and demonstrate a number of products and systems, including in the high-performance jet drone, satellite communication and jet engine areas for which today’s contract announcement is related.”
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/80ff2859-28dd-4eb9-aca9-11a1b2612f80