Kratos Defense and Security Solutions Inc. received a $23 million production award for a new, high-performance, jet-powered unmanned aircraft system that has been under development.
Kratos (Nasdaq: KTOS) did not name its customer in its Jan. 8 announcement. The University City-based business said the award covers the initial year’s production and that the business expects multiple years of production.
Kratos’ Unmanned Systems Division (aka USD) makes jet-powered drone systems for tactical and threat representation target purposes.
“All of Kratos USD is proud and excited to have achieved this initial production milestone with this extremely important customer,” Steve Fendley, president of the Unmanned Systems Division, said in a prepared statement.