Kratos XQ-58A Valkyrie Flies over Yuma in Fourth Successful Flight
January 27 2020 - 8:00AM
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a
leading National Security Solutions provider, announced today that
Kratos’ XQ-58A Valkyrie successfully completed its fourth
test/demonstration flight on Thursday, January 23, 2020, at Yuma
Proving Grounds, Arizona. Thursday’s envelope-expanding flight
lasted over an hour, during which the XQ-58A demonstrator
successfully completed all 43 baseline test objectives, plus 6
additional tests, for a total of 49. The system deployed its
parachutes and landed normally, validating the design changes
incorporated for the test flight airbag system following flight
three. To date, the Valkyrie has flown more than five hours and
exceeded the progress originally planned for the flight series.
Steve Fendley, President of Kratos Unmanned
Systems Division, said, “I am thrilled for our joint Kratos and
AFRL team. With another successful flight and substantial envelope
expansion specifically targeted at validating a near-term mission
requirement, we continue to illustrate the potential of the XQ-58A
and validate our objective for rapid development of a low cost,
attritable, strike UAS. We look forward to continuing to support
AFRL and our other customers in application of the Valkyrie to both
existing and evolving DoD opportunities.”
The XQ-58A Valkyrie system, developed by Kratos
Unmanned Aerial Systems in partnership with the Air Force Research
Laboratory (AFRL) on the Low-Cost Attritable Strike Demonstrator
(LCASD) Program, is a low-cost, multi-mission, runway-independent
unmanned air vehicle (UAV) capable of long-range flights and
high-subsonic speeds intended to support a variety of defense
mission applications. In addition to the Valkyrie’s extreme
survivability and adaptability, as part of the Low-Cost Attritable
Aircraft Technology (LCAAT) portfolio, it is designed to break the
escalating cost trajectory of tactically relevant aircraft.
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. Kratos specializes in unmanned systems,
satellite communications, cyber security/warfare, microwave
electronics, missile defense, hypersonic systems, 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
30, 2018, 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
Kratos Defense and Secur... (NASDAQ:KTOS)
Historical Stock Chart
From Sep 2024 to Oct 2024
Kratos Defense and Secur... (NASDAQ:KTOS)
Historical Stock Chart
From Oct 2023 to Oct 2024