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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Kratos Defense and Security Solutions Inc | NASDAQ:KTOS | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.66 | 3.07% | 22.13 | 22.05 | 22.32 | 22.11 | 21.62 | 21.67 | 1,022,011 | 01:00:00 |
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/80ff2859-28dd-4eb9-aca9-11a1b2612f80
Steve Fendley, President of Kratos Unmanned Systems Division (KUSD), said, “All of Kratos is incredibly honored to have the confidence of our customer and to have received this initial production award for our affordable, next generation, high performance engines for the new, leading technology aerial system. At Kratos, affordability is a technology, and we are taking our customers’ leadership statements, including to ‘accelerate, change, or lose′ to heart, across our entire portfolio, including our tactical drone aircraft like Valkyrie and Gremlins (Kratos-built AV provided to Prime: Dynetics), and with our next generation engine portfolio.”
Eric DeMarco, President and CEO of Kratos, said, “Kratos’ mission is focused on disrupting the national security industry and marketplace by rapidly developing, demonstrating and fielding affordable, leading technology systems that are relevant for today’s peer threat environment. Over the past several years, Kratos has listened keenly to our customer set, and we have internally invested significant funds to develop and demonstrate a number of products and systems, including in the high-performance jet drone, satellite communication and jet engine areas for which today’s contract announcement is related.”
About Kratos Defense & Security SolutionsKratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology, and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information, please 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 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
Press Contact:Yolanda White858-812-7302 Direct
Investor Information:877-934-4687investor@kratosdefense.com
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