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KTOS Kratos Defense and Security Solutions Inc

19.9999
1.24 (6.61%)
09 May 2024 - Closed
Delayed by 15 minutes
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
  1.24 6.61% 19.9999 19.45 20.00 20.045 18.56 19.11 2,354,362 00:59:14

Next Evolution of the Kratos Mako Tactical Unmanned Aerial Drone System Completes Successful Flight Test Series

10/08/2017 9:00pm

GlobeNewswire Inc.


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Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider recently completed a flight test series evaluating the next evolution of the UTAP-22 Mako Unmanned Aerial System that was first introduced and demonstrated in late 2015.  The Mako has been enhanced with a suite of mission systems typically employed on manned aircraft and now integrated with the unmanned Mako drone system.  By combining the Mako’s autonomous capabilities previously demonstrated through single UAS, multi-UAS, and manned/unmanned collaborative operations with the latest mission set capability, the operational utility of the Mako is now established at the next level.

For information on the introduction of the system and corresponding flight tests, see the Kratos Press releases regarding, “UTAP-22” from December 2015.

About Kratos Defense & Security SolutionsKratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems.  For more information go to www.kratosdefense.com.

Notice Regarding Forward-Looking StatementsCertain 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, 2016, 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

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