Kratos Receives New Hypersonic System Program Award with Total Potential Value of Approximately $100 Million
2025年1月13日 - 10:00PM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS),
a technology company in Defense, National Security and Global
Markets, announced today that it has recently received an
approximate $100 million total potential value hypersonic system
program award. Approximately $15 million of funding has been
received by Kratos at contract award, with significant increased
funding expected in the second half of Kratos fiscal year 2025.
Under the new program contract award, Kratos will provide
engineering, systems and hardware. Work related to the program will
be performed at secure Kratos fabrication, manufacturing and system
integration facilities. Due to competitive, security
related and other considerations, no additional information will be
provided.
Tom Mills, President of Kratos C5ISR
Division, stated, "Kratos’ reputation as the industry
leader in delivering military quality hardware, products and
systems at scale, was a key factor in the receipt of this new
program award. The design, engineering and production of
National Security related hardware, that must work every time, is
hard, and I am proud of our entire organization’s commitment to the
United States and its allies’ mil spec system requirements."
Eric DeMarco, Kratos President and
CEO, said, "Kratos is the recognized industry leader in
the rapid development and fielding of affordable hypersonic
systems, including Erinyes and Zeus, tactical unmanned jet drone
aircraft including Thanatos and Valkyrie, jet engines for aerial
drones and missiles and related C5ISR hardware. At Kratos,
it’s products today, not PowerPoints of a hoped for, maybe someday
system, at an unknown cost. Kratos warfighter and mission focused
customers understand that “better is the enemy of good enough and
ready to field today”, while reducing development cost and saving
money in today’s increasing fiscally challenging environment."
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions,
Inc. (NASDAQ: KTOS) is a technology, products, system and
software company addressing the defense, national security, and
commercial markets. Kratos makes true internally funded research,
development, capital and other investments, to rapidly develop,
produce and field solutions that address our customers’ mission
critical needs and requirements. At Kratos, affordability is a
technology, and we seek to utilize proven, leading-edge approaches
and technology, not unproven bleeding edge approaches or
technology, with Kratos’ approach designed to reduce cost, schedule
and risk, enabling us to be first to market with cost effective
solutions. We believe that Kratos is known as an innovative
disruptive change agent in the industry, a company that is an
expert in designing products and systems up front for successful
rapid, large quantity, low-cost future manufacturing which is a
value-add competitive differentiator for our large traditional
prime system integrator partners and also to our government and
commercial customers. Kratos intends to pursue program and contract
opportunities as the prime or lead contractor when we believe that
our probability of win (PWin) is high and any investment required
by Kratos is within our capital resource comfort level. We intend
to partner and team with a large, traditional system integrator
when our assessment of PWin is greater or required investment is
beyond Kratos’ comfort level. Kratos’ primary business areas
include virtualized ground systems for satellites and space
vehicles including software for command & control (C2) and
telemetry, tracking and control (TT&C), jet powered unmanned
aerial drone systems, hypersonic vehicles and rocket systems,
propulsion systems for drones, missiles, loitering munitions,
supersonic systems, space craft and launch systems, C5ISR and
microwave electronic products for missile, radar, missile defense,
space, satellite, counter UAS, directed energy, communication and
other systems, and virtual & augmented reality training systems
for the warfighter. For more information,
visit www.KratosDefense.com.
Notice Regarding Forward-Looking
StatementsCertain statements in this press release may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made on the basis of the current
beliefs, expectations and assumptions of the management of Kratos
and are subject to significant risks and uncertainty. Investors are
cautioned not to place undue reliance on any such forward-looking
statements. All such forward-looking statements speak only as of
the date they are made, and Kratos undertakes no obligation to
update or revise these statements, whether as a result of new
information, future events or otherwise. Although Kratos believes
that the expectations reflected in these forward-looking statements
are reasonable, these statements involve many risks and
uncertainties that may cause actual results to differ materially
from what may be expressed or implied in these forward-looking
statements. For a further discussion of risks and uncertainties
that could cause actual results to differ from those expressed in
these forward-looking statements, as well as risks relating to the
business of Kratos in general, see the risk disclosures in the
Annual Report on Form 10-K of Kratos for the year ended December
31, 2023, and in subsequent reports on Forms 10-Q and 8-K and other
filings made with the SEC by Kratos.
Press Contact:Claire
BurghoffClaire.Burghoff@kratosdefense.com
Investor
Information:877-934-4687investor@kratosdefense.com
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