Kratos Turbine Technologies UK Expands its Jet UAS/Drone Capability Set with the Addition of New Key Hires

Rhea-AI Summary

Kratos Defense & Security Solutions (NASDAQ: KTOS) has announced a strategic expansion of its capabilities in the UK by adding experienced engineering and project management personnel. This move is aimed at enhancing its position in the uncrewed aircraft systems (UAS) market. Stacey Rock, President of the Kratos Turbine Technology Division, emphasized that this addition strengthens the technical team, leveraging over 50 years of combined experience in UAS program delivery. Kratos, known for its affordable and transformative defense solutions, continues to pave the way for innovation and competitive advantage in the rapidly growing global defense sector.

Positive

• Expansion of UK capabilities with seasoned personnel enhances technical expertise in uncrewed systems.
• Strengthening of the program management team expected to improve delivery on UAS projects.
• Kratos positions itself strategically in a growing global defense market.

Negative

• None.

SAN DIEGO, March 17, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that it is further increasing its UK-based capability by the addition of key, seasoned engineering and programme/project management personnel highly experienced in jet UAS / Drone systems.

Stacey Rock, President of the Kratos Turbine Technology Division, said, “This strategic and tactical decision and action we have taken helps position Kratos to be a part of key uncrewed aircraft system programs here in the UK and abroad. We’re excited about this expansion and strengthening of our technical and programme team in this rapidly growing global defence focus arena. Joining us and supplementing the team are two experienced defence personnel who, between them, have 50+ years of successful complex programme delivery experience within the uncrewed systems arena and an unrivalled understanding of the development and delivery of uncrewed aerial systems.”

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a Technology Company that develops and fields transformative, affordable systems, products and solutions for United States National Security, our allies and global commercial enterprises. At Kratos, Affordability is a Technology, and Kratos is changing the way breakthrough technology is rapidly brought to market – at a low cost – with actual products, systems, and technologies rather than slide decks or renderings. Through proven commercial and venture capital backed approaches, including proactive, internally funded research and streamlined development processes, Kratos is focused on being First to Market with our solutions, well in advance of competition. Kratos is the recognized Technology Disruptor in our core market areas, including Space and Satellite Communications, Cyber Security and Warfare, Unmanned Systems, Rocket and Hypersonic Systems, Next-Generation Jet Engines and Propulsion Systems, Microwave Electronics, C5ISR and Virtual and Augmented Reality Training Systems. For more information, visit www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain 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 25, 2022, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

FAQ

What recent developments has Kratos Defense (KTOS) made in the UK?

Kratos Defense announced an expansion of its UK operations by adding experienced engineering and project management personnel to enhance its uncrewed aircraft systems capabilities.

How many years of experience do the new personnel at Kratos bring?

The newly added personnel have over 50 years of combined experience in delivering complex programs within the uncrewed systems sector.

Who is the President of Kratos Turbine Technology Division?

Stacey Rock is the President of the Kratos Turbine Technology Division.

What is the significance of Kratos expanding its capabilities?

The expansion is significant as it positions Kratos to take part in key uncrewed aircraft system programs in the UK and globally, strengthening its competitive edge in the defense market.