Naval Air Systems Command Awards Kratos Additional $59.3 Million for BQM-177A Subsonic Aerial Target Systems; Total Contract Value Exceeds $175M
Kratos Defense & Security Solutions (NASDAQ: KTOS) has secured an additional $59.3 million contract for 70 BQM-177A Subsonic Aerial Target (SSAT) aircraft through Full Rate Production (FRP) Lot 6. This latest award brings the total contract value for FRP Lots 4 through 6 to $177.7 million.
The contract has potential for further growth, with the remaining Lot 7 option potentially increasing the total value to $227.6 million if exercised at maximum production quantity. The work will primarily be executed at Kratos facilities in Sacramento, CA, and Fort Walton Beach, FL.
Kratos Defense & Security Solutions (NASDAQ: KTOS) ha ottenuto un ulteriore contratto di $59,3 milioni per 70 aerei BQM-177A Subsonic Aerial Target (SSAT) attraverso il Full Rate Production (FRP) Lot 6. Questo ultimo contratto porta il valore totale dei contratti per i FRP Lot 4 fino al 6 a $177,7 milioni.
Il contratto ha potenzialità di ulteriore crescita, con l'opzione rimanente del Lot 7 che potrebbe aumentare il valore totale a $227,6 milioni se esercitata al massimo della produzione. Il lavoro sarà principalmente svolto presso le strutture di Kratos a Sacramento, CA, e Fort Walton Beach, FL.
Kratos Defense & Security Solutions (NASDAQ: KTOS) ha asegurado un contrato adicional de $59,3 millones para 70 aviones BQM-177A Subsonic Aerial Target (SSAT) a través de la Producción a Tasa Completa (FRP) Lote 6. Este último contrato eleva el valor total del contrato para los Lotes FRP 4 a 6 a $177,7 millones.
El contrato tiene potencial para un mayor crecimiento, con la opción restante del Lote 7 que podría aumentar el valor total a $227,6 millones si se ejerce en la cantidad máxima de producción. El trabajo se llevará a cabo principalmente en las instalaciones de Kratos en Sacramento, CA, y Fort Walton Beach, FL.
Kratos Defense & Security Solutions (NASDAQ: KTOS)는 70대의 BQM-177A 서브소닉 공중 표적(SSAT) 항공기를 위한 추가 계약 5,930만 달러를 확보했습니다. 이는 전량 생산(FRP) 6차 물량을 통한 것입니다. 이번 계약으로 FRP 4차부터 6차까지의 총 계약 금액은 1억 7,770만 달러에 달합니다.
계약은 추가 성장 가능성이 있으며, 남은 7차 물량 옵션이 최대 생산량으로 행사될 경우 총 가치를 2억 2,760만 달러로 증가시킬 수 있습니다. 작업은 주로 샌프란시스코, CA와 포트 월턴 비치, FL에 있는 Kratos 시설에서 수행될 것입니다.
Kratos Defense & Security Solutions (NASDAQ: KTOS) a obtenu un contrat supplémentaire de 59,3 millions de dollars pour 70 avions BQM-177A Subsonic Aerial Target (SSAT) par le biais de la Production à Taux Complet (FRP) Lot 6. Ce dernier contrat porte la valeur totale des contrats pour les Lots FRP 4 à 6 à 177,7 millions de dollars.
Le contrat a un potentiel de croissance supplémentaire, avec l'option restante du Lot 7 qui pourrait porter la valeur totale à 227,6 millions de dollars si elle est exercée à la quantité maximale de production. Le travail sera principalement effectué dans les installations de Kratos à Sacramento, CA et Fort Walton Beach, FL.
Kratos Defense & Security Solutions (NASDAQ: KTOS) hat einen zusätzlichen Vertrag über 59,3 Millionen Dollar für 70 BQM-177A Subsonic Aerial Target (SSAT) Flugzeuge durch die Vollproduktionsrate (FRP) Los 6 gesichert. Dieser letzte Zuschlag erhöht den Gesamtwert der Verträge für die FRP Lose 4 bis 6 auf 177,7 Millionen Dollar.
Der Vertrag hat Potenzial für weiteres Wachstum, wobei die verbleibende Los 7-Option den Gesamtwert auf 227,6 Millionen Dollar erhöhen könnte, wenn sie in maximaler Produktionsmenge ausgeübt wird. Die Arbeiten werden hauptsächlich in den Einrichtungen von Kratos in Sacramento, CA und Fort Walton Beach, FL durchgeführt.
- Secured $59.3M new contract for 70 BQM-177A aircraft
- Total contract value reached $177.7M for FRP Lots 4-6
- Potential additional revenue of $49.9M if Lot 7 option exercised
- None.
SAN DIEGO, March 06, 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 has received
Steve Fendley, President of Kratos Unmanned Systems Division, said, “Since the first Full Rate Production contract award in October 2020, the world has undergone impactful economic and political shifts creating significant production challenges across our industry and increased need for development, test, and training associated with our country’s current and upcoming weapons systems. On behalf of all the dedicated men and women at Kratos, we will collectively continue to do our utmost to support our warfighters with this high-fidelity threat surrogate.”
BQM-177A Subsonic Aerial Target Systems
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e862f07c-7008-467a-b391-adb4eff2c3b8
The majority of the work under this contract will be conducted in Kratos facilities in Sacramento, CA, and Fort Walton Beach, FL.
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
FAQ
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