Naval Air Systems Command Awards Follow-On Contractor Logistics Support & Engineering Services Contract Valued at up to $19.1 Million to Kratos Defense for the BQM-177A Subsonic Aerial Target System
Kratos Defense & Security Solutions (NASDAQ: KTOS) has secured a significant contract from the U.S. Naval Air Systems Command for the BQM-177A Subsonic Aerial Target System. The base year contract is valued at $3,399,506 for Contractor Logistics Support and Engineering Services.
The contract includes four option years with a total potential value of $19,118,645 if all options are exercised. Work will be primarily conducted at Kratos facilities in Sacramento and Point Mugu, CA. The contract focuses on maintaining system readiness for the BQM-177A aerial target system, which provides critical capabilities to the Navy throughout the year.
Kratos Defense & Security Solutions (NASDAQ: KTOS) ha ottenuto un contratto significativo dal Comando dei Sistemi Aerei Navali degli Stati Uniti per il Sistema di Target Aereo Subsonico BQM-177A. Il contratto per l'anno base è valutato $3.399.506 per il Supporto Logistico del Contraente e i Servizi di Ingegneria.
Il contratto include quattro anni di opzione con un valore potenziale totale di $19.118.645 se tutte le opzioni vengono esercitate. Il lavoro sarà principalmente svolto presso le strutture di Kratos a Sacramento e Point Mugu, CA. Il contratto si concentra sul mantenimento della prontezza del sistema per il sistema di target aereo BQM-177A, che fornisce capacità critiche alla Marina durante tutto l'anno.
Kratos Defense & Security Solutions (NASDAQ: KTOS) ha asegurado un contrato significativo del Comando de Sistemas Aéreos Navales de EE. UU. para el Sistema de Objetivo Aéreo Subsonico BQM-177A. El contrato del año base tiene un valor de $3,399,506 para el Soporte Logístico del Contratista y Servicios de Ingeniería.
El contrato incluye cuatro años de opción con un valor total potencial de $19,118,645 si se ejercen todas las opciones. El trabajo se llevará a cabo principalmente en las instalaciones de Kratos en Sacramento y Point Mugu, CA. El contrato se centra en mantener la preparación del sistema para el sistema de objetivo aéreo BQM-177A, que proporciona capacidades críticas a la Marina durante todo el año.
Kratos Defense & Security Solutions (NASDAQ: KTOS)는 미국 해군 항공 시스템 사령부로부터 BQM-177A 초음속 공중 목표 시스템에 대한 중요한 계약을 체결했습니다. 기본 계약 연도는 계약자 물류 지원 및 엔지니어링 서비스에 대해 $3,399,506로 평가됩니다.
이 계약에는 모든 옵션이 행사될 경우 총 잠재 가치가 $19,118,645인 4년의 옵션이 포함됩니다. 작업은 주로 캘리포니아주 새크라멘토와 포인트 무구에 있는 Kratos 시설에서 수행될 것입니다. 이 계약은 BQM-177A 공중 목표 시스템의 시스템 준비 상태 유지를 중심으로 하며, 이는 해군에 연중 중요한 기능을 제공합니다.
Kratos Defense & Security Solutions (NASDAQ: KTOS) a obtenu un contrat significatif du Commandement des Systèmes Aériens Navals des États-Unis pour le Système de Cible Aérienne Subsonique BQM-177A. Le contrat pour l'année de base est évalué à $3.399.506 pour le Support Logistique du Contractant et les Services d'Ingénierie.
Le contrat comprend quatre années d'option avec une valeur potentielle totale de $19.118.645 si toutes les options sont exercées. Le travail sera principalement effectué dans les installations de Kratos à Sacramento et Point Mugu, en Californie. Le contrat se concentre sur le maintien de la préparation du système pour le système de cible aérienne BQM-177A, qui fournit des capacités critiques à la Marine tout au long de l'année.
Kratos Defense & Security Solutions (NASDAQ: KTOS) hat einen bedeutenden Vertrag vom U.S. Naval Air Systems Command für das BQM-177A Subsonic Aerial Target System gesichert. Der Vertrag für das Basisjahr hat einen Wert von $3.399.506 für die Logistikunterstützung des Auftragnehmers und Ingenieurdienstleistungen.
Der Vertrag umfasst vier Option Jahre mit einem potenziellen Gesamtwert von $19.118.645, wenn alle Optionen ausgeübt werden. Die Arbeiten werden hauptsächlich in den Einrichtungen von Kratos in Sacramento und Point Mugu, Kalifornien, durchgeführt. Der Vertrag konzentriert sich auf die Aufrechterhaltung der Systembereitschaft für das BQM-177A Luftzielsystem, das der Marine das ganze Jahr über kritische Fähigkeiten bietet.
- Secured new U.S. Navy contract worth $3.4M for base year
- Potential total contract value of $19.1M with option years
- Continuation of existing program demonstrates strong customer relationship
- None.
SAN DIEGO, March 17, 2025 (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 Kratos was awarded
BQM-177A Subsonic Aerial Target System
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/095b7d6b-55d5-4d17-aaf4-c3d33254ebfc
Steve Fendley, President of Kratos Unmanned Systems Division, said, “Often underestimated, logistics represents the behind-the-scenes enabler to system readiness. This contract illustrates the Navy’s commitment to readiness, and we’re equally committed to delivering readiness of the BQM-177A system and the critical capability it provides to the Navy for missions throughout each year.”
If all four option years awarded under this contract are exercised, this contract has a potential value of
About Kratos Defense & Security Solutions
Kratos 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 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 29, 2024, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
Press Contact:
Claire Burghoff
claire.burghoff@kratosdefense.com
Investor Information:
877-934-4687
investor@kratosdefense.com
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