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Benzinga
Benzinga
Business
Akanksha Bakshi

Kratos Secures $20M International Drone Contract

KTOS
  • Kratos Defense & Security Solutions, Inc's (NASDAQ:KTOS) Kratos Unmanned Systems Division received a $20 million contract award from an international customer for high performance, unmanned aerial target drone system aircraft and related services.
  • The procurement includes aerial target drones, spares and consumables, a ground control station (GCS), ground support equipment, launching systems, and payloads.
  • KUSD will also deliver testing, technical training, in-country establishment, and technical assistance.
  • The company plans to perform work under this contract at its manufacturing facilities and customer locations.
  • Price Action: KTOS shares are trading higher by 1.35% at $17.28 on the last check Wednesday.
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