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Kratos Defense Receives $10.5 Million Contract

Kratos Defense & Security Solutions Inc. said on March 15 that its Modular Systems Division recently received $10.5 million in contract awards from an undisclosed client.

The products will support missile defense and radar systems. Kratos will also provide undisclosed specialty products.

Some Modular Systems products go on truck beds. Others look like shipping containers and can be transported like shipping containers. The structures can house people, computer systems or equipment. Many are built to repel forced entry and withstand blasts and bullets.

The Modular Systems Division has recently been in the news. Kratos said in mid-February that it was closing its plant in Charleston, S.C.

Shares of Kratos trade on the Nasdaq under the symbol KTOS.

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