Kratos Defense & Security Solutions, Inc. Completes Development of the Zeus Solid Rocket Motor (SRM) Family with the Successful Zeus 2 Static Test Fire
April 15 2024 - 9:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
technology company in the defense, national security and global
markets, announced today that its Space & Missile Defense
Systems (SMDS) Business Unit, a part of Kratos’ Defense &
Rocket Support Services (DRSS) Division, successfully completed the
static test firing of the Zeus 2 solid rocket motor (SRM) with
Aerojet Rocketdyne, an L3Harris Technologies [NYSE: LHX] company,
at their Camden, Arkansas facility. This Zeus 2 milestone
combined with the successful Zeus 1 static test firing last year,
completes the development phase of Kratos’ new affordable
commercial SRM family.
Zeus 2 Solid Rocket Motor Fires During
April 10th Static Test
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5361a221-aa5c-4fd9-a782-2e24cab859d9
Zeus 1 and Zeus 2 are high-performance 32.5-inch
diameter solid rocket motors envisioned and internally funded by
Kratos. The Zeus motors, designed with commonality, versatility,
and affordability in mind, coupled with the Kratos ongoing
development of the Erinyes and Dark Fury Hypersonic Flyers
demonstrates Kratos’ commitment to investing in crucial defense
industrial base technology. Kratos’ technology investments are
delivering leading-edge systems and expanding our extensive
portfolio of Hypersonic Flyers and SRMs available for our
customers.
Kratos has now initiated orders for a combined
total of nine Zeus 1 and Zeus 2 SRMs in preparation for upcoming
customer flights. The Kratos developed Zeus family
of SRMs is in direct response to the urgent need for
affordable commercial launch vehicle stages for hypersonic test,
ballistic missile target, sounding rocket and other customer
missions.
Dave Carter, President of the KDRSS Division,
said, “I am very excited to introduce Kratos’ family of Zeus SRMs
and commend our SMDS group and teammate, L3HARRIS/Aerojet, for
successfully completing this crucial motor development program.
Zeus motors enable us to bring to market affordable rocket systems
to support critical MACH-TB Hypersonic testing, NASA Sounding
Rocket Program experiments, and Navy/MDA target program
requirements.”
Eric DeMarco, President and CEO of Kratos
Defense & Security Solutions, Inc., said, “Kratos’ successful
completion of this internally funded Zeus family of motors will
enable rapid and affordable hypersonic testing and be 'first to
market' with a highly relevant system to support DoD, NASA and
commercial customers. At Kratos, we are committed to rapid
development, delivery of relevant systems and introduction of
affordable technology to support warfighter requirements for the
United States and our Allies' National Security.”
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions, Inc.
(NASDAQ: KTOS) is a technology, products, system and software
company addressing the defense, national security, and commercial
markets. Kratos makes true internally funded research, development,
capital and other investments, to rapidly develop, produce and
field solutions that address our customers’ mission critical needs
and requirements. At Kratos, affordability is a technology, and we
seek to utilize proven, leading edge approaches and technology, not
unproven bleeding edge approaches or technology, with Kratos’
approach designed to reduce cost, schedule and risk, enabling us to
be first to market with cost effective solutions. We believe that
Kratos is known as an innovative disruptive change agent in the
industry, a company that is an expert in designing products and
systems up front for successful rapid, large quantity, low cost
future manufacturing which is a value add competitive
differentiator for our large traditional prime system integrator
partners and also to our government and commercial customers.
Kratos intends to pursue program and contract opportunities as the
prime or lead contractor when we believe that our probability of
win (PWin) is high and any investment required by Kratos is within
our capital resource comfort level. We intend to partner and team
with a large, traditional system integrator when our assessment of
PWin is greater or required investment is beyond Kratos’ comfort
level. Kratos’ primary business areas include virtualized ground
systems for satellites and space vehicles including software for
command & control (C2) and telemetry, tracking and control
(TT&C), jet powered unmanned aerial drone systems, hypersonic
vehicles and rocket systems, propulsion systems for drones,
missiles, loitering munitions, supersonic systems, space craft and
launch systems, C5ISR and microwave electronic products for
missile, radar, missile defense, space, satellite, counter UAS,
directed energy, communication and other systems, and virtual &
augmented reality training systems for the warfighter. 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
31, 2023, 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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