Kratos Receives $23 Million Unmanned Aerial Drone System Production Award | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 07.16.18

Airborne-UnManned 07.17.18

Airborne 07.18.18

AMA Drone Report 07.19.18

Airborne 07.20.18

Airborne-YouTube

Airborne 07.16.18

Airborne-UnManned 07.17.18

Airborne 07.18.18

AMA Drone Report 07.19.18

Airborne 07.20.18

It's ALIVE!!! The 2018 AirVenture Innovation Preview is Viewable RIGHT NOW at www.oshcast.com or www.oshcast.net!

Thu, Jan 11, 2018

Kratos Receives $23 Million Unmanned Aerial Drone System Production Award

Will Fund Production Of New Jet Powered Aircraft

Kratos Defense & Security Solutions' Unmanned Systems Division (USD) recently received an approximate $23 million production award for a new high performance, jet powered unmanned aerial drone system which has been under development. The majority of work to be performed under this new contract award is expected to be executed over the approximate next 12 months.

This contract award is the initial year's production, with multiple years of additional annual production expected thereafter. USD is an industry leader in the rapid design, development and fielding of affordable high performance jet powered unmanned aerial drone systems for tactical and threat representation target purposes. Work under this program will be performed at secure Kratos production facilities and at customer locations. Due to customer related, competitive and other considerations, no additional information will be provided related to this program or contract award.

"All of Kratos USD is proud and excited to have achieved this initial production milestone with this extremely important customer," said Steve Fendley, President of Kratos Unmanned Systems Division. "USD is the recognized leader in high performance jet powered unmanned aerial drone systems, and this aircraft is another leading edge of technology example."

"Since 2012, when we completed our last major acquisition at Kratos, we have successfully integrated acquired businesses into a technology, intellectual property, and product based Company, while also investing in core focus areas including high performance unmanned aerial drone aircraft," said Eric DeMarco, President and CEO of Kratos. "We are now completing investments on a number of these new UAS platforms and entering production, which we expect will be key contributors to future increases in revenue, profit, cash flow and overall Kratos shareholder value. We are confident that Kratos' ability to rapidly develop, demonstrate and field technology rich, affordable systems is a demonstrated key differentiator for our Company."

(Image provided with Kratos news release)

FMI: www.kratosdefense.com

Advertisement

More News

Aero-News: Quote of the Day (07.22.18)

"Rethink the Skies is a message that is just as applicable to defence and security as it is to adventure tourism. All around us, we see new challenges to provide services into remo>[...]

ANN's Daily Aero-Term (07.22.18): Runway In Use/Active Runway/Duty Runway

Runway In Use/Active Runway/Duty Runway Any runway or runways currently being used for takeoff or landing. When multiple runways are used, they are all considered active runways. I>[...]

ANN's Daily Aero-Linx (07.22.18)

Aero Linx: The Ninety-Nines The Ninety-Nines is the international organization of women pilots that promotes advancement of aviation through education, scholarships, and mutual sup>[...]

It's ALIVE! 2018 AirVenture Innovation Preview Program Now Available

Get The Inside Details On THE Most Exciting NEW Innovations And Product Announcements From OSHKOSH 2018... The staff of EAA and the Aero-News Network were pleased to release the la>[...]

It's On--Again! EAA/ANN Announce 2018 AirVenture Innovation Preview!

Stunningly Successful Innovation Program Draws Hundreds of Thousands of Eyeballs to ‘All Things AirVenture’ E-I-C Note: We're tremendously excited to work with EAA agai>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC