SAN DIEGO, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Kratos Defense &
Security Solutions, Inc. (NASDAQ: KTOS), a leading National
Security Solutions provider, announced today that Kratos Unmanned
Aerial Systems has been awarded a $338,071,466 Firm
Fixed-Price, Cost-Plus-Fixed-Fee, and Time-and-Material contract
for BQM-167A Air Force Subscale Aerial Target (AFSAT) lots 17-21
production, out-of-warranty-repairs (OWR), and contractor logistics
support (CLS). Work will be performed at a Kratos manufacturing
facility. At the time of award funds in the amount of $30,499,362
were obligated. Air Force Life Cycle Management Center, Eglin Air
Force Base, Florida, is the contracting activity.
Steve Fendley, President of Kratos Unmanned Systems Division, said, “This five-year contract represents a milestone in our target system business and reduces the administrative burden on both the USAF and Kratos by enabling multiple years of target delivery and support to be combined into a single contract – smart and efficient business. It also enables Kratos and the USAF to place even more focus on our ultimate mission, which is high performance threat representation for training and defensive system development. We have shared a great partnership and team approach with the USAF throughout our nearly 20 years of working together on target systems. We are excited that our system...