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 01.22.18

Airborne-UnManned 01.23.18

Airborne 01.17.18

AMA Drone Report 01.18.18

Airborne 01.19.18

Airborne-YouTube

Airborne 01.22.18

Airborne-UnManned 01.23.18

Airborne 01.17.18

AMA Drone Report 01.18.18

Airborne 01.19.18

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

Airborne 01.19.18: Airbus A380 Reprieve, FAA Sued, FAA Defends Drop Zone

Also: Skydiving Museum, Nature Air Suspended, IAC 2017 Collegiate Program, StandardAero Ceases LAX Ops You can hear the sigh of relief from across the Atlantic... After several mon>[...]

AMA Drone Report 01.18.18: 1 Million Drone Reg's, Autel EVO, FAA Sued Again

Also: New DJI Mavic?, SureFly Not Yet, Drones Tracking Illegal Dumping, 'Illicit' Drone Video The FAA has registered a million drones, the DOT announced last week at CES in Las Veg>[...]

Airborne-Unmanned 01.16.18: AUVSI Trusted Operator, Typhoon H Plus, Intel

Also: Drones Tracking Illegal Dumping, Arctic UAS, Airspace Situational Awareness, TrueView R20 AUVSI has announced the appointment of leading industry stakeholders to serve on a s>[...]

Aero-News: Quote of the Day (01.22.18)

“I can’t think of a better place to bring this airplane in its first year. I think everybody who attends the show is really into experimental airplanes, obviously with >[...]

Klyde Morris (01.22.18)

Klyde Offers A Few More Insights Into The Peculiarities of 'Security Theater' FMI: www.klydemorris.com>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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