Kratos Delivers 200th Production Aircraft of BQM-177A Subsonic Aerial Target System
April 04 2023 - 8:00AM
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a
Technology Company in the Defense, National Security and Global
Markets and an industry-leading provider of high-performance,
jet-powered unmanned aerial systems, announced today that its
Unmanned Systems Division (KUAS) has delivered the 200th production
BQM-177A Subsonic Aerial Target (SSAT) for a domestic customer as
part of its Full Rate Production (FRP) Lot 3 contract.
Kratos BQM-177A Launches to support Navy Mission
is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e6a4d205-6116-4ce1-b513-bc82cb8e2178
“I am extremely proud to accept delivery of this
200th subsonic target system on behalf of the Navy,” said Don
Blottenberger, Navy Aerial Targets program manager. “Walking the
production line, it’s clear to me the quality, commitment, and
professionalism Kratos brings to their product and our Navy
mission.”
Deliveries over the past two years have paved
the way for activation of four operational sites spread across the
globe. Under FRP Lot 2, KUAS delivered 48 additional SSAT aircraft.
The FRP Lot 3 deliveries, that are currently ahead of schedule,
will provide the assets to manage several large test programs
critical for the Navy in the coming years. “This delivery is yet
another significant milestone in the program as we provide
world-class training and test capability for our Fleet,” said
Blottenberger.
“The delivery of this 200th aircraft for our
domestic customer, ahead of schedule, represents the hard work of
many dedicated government and Kratos unmanned professionals who are
all very proud of this achievement,” said Steve Fendley, President
of Kratos Unmanned Systems Division. “With the recent award of Full
Rate Production Lots 4 through 7 for more than 200 additional
aircraft in January, KUAS and our highly dedicated team remain
deeply committed to – and heavily invested in – this mission, our
customers, and continuing to provide the best possible value
proposition with our high-fidelity aerial training systems.”
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions, Inc.
(NASDAQ:KTOS) is a Technology Company that develops and fields
transformative, affordable systems, products and solutions for
United States National Security, our allies and global commercial
enterprises. At Kratos, Affordability is a Technology, and Kratos
is changing the way breakthrough technology is rapidly brought to
market – at a low cost – with actual products, systems, and
technologies rather than slide decks or renderings. Through proven
commercial and venture capital backed approaches, including
proactive, internally funded research and streamlined development
processes, Kratos is focused on being First to Market with our
solutions, well in advance of competition. Kratos is the recognized
Technology Disruptor in our core market areas, including Space and
Satellite Communications, Cyber Security and Warfare, Unmanned
Systems, Rocket and Hypersonic Systems, Next-Generation Jet Engines
and Propulsion Systems, Microwave Electronics, C5ISR and Virtual
and Augmented Reality Training Systems. For more information, visit
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, 2022, 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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