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Co. May Expand Its Saudi Role

Kratos Defense & Security Solutions Inc. is closer to a contract to provide naval training to the Kingdom of Saudi Arabia.

The U.S. State Department said on May 23 that it OK’d a possible deal that could be worth $250 million. As yet, the agreement has not been finalized.

Under the deal announced by the Defense Security Cooperation Agency, the University City-based contractor would assign 88 representatives to Saudi Arabia for three years. Some training will be conducted outside of Saudi Arabia.

It appears that Kratos (Nasdaq: KTOS) already has a Saudi Arabian operation. Subsidiary Kratos Technology & Training Solutions includes a unit called Kratos Arabia Ltd. with a mailing address in Riyadh.

Under a new blanket order, Kratos will provide English language training as well as professional military education and technical training. The deal also calls on Kratos to provide publications and technical documentation, U.S. government and contractor engineering as well as technical and logistics support.

The deal seemed to mesh with the bigger news of late May. President Donald Trump began an overseas trip by visiting Saudi Arabia on May 20-22. That visit brought news that the kingdom would buy $110 billion in aircraft, vehicles and arms from U.S. companies such as Boeing Co. (NYSE: BA), which will provide Chinook helicopters and guided weapons, as well as Lockheed Martin Corp. (NYSE: LMT), which will provide air and missile defense systems, surface combatant ships, radar systems, surveillance systems and aircraft.

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