Kratos Bags $14M Contract Awards Linked To Drone System


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  • Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) has received ~$14 million in contract awards for logistics support, spares, consumables, and support needed to address the demand for its customer drone system operations.
  • The company did not disclose any additional information citing customer-related, competitive, security, and other considerations.
  • "These awards signal that with the pent-up demand for increased operational missions, Kratos drones are well-supported with the various parts, consumables, logistics, and engineering support necessary to keep our customers' air vehicles flying and enabling operations personnel to maintain a high level of readiness," said Steve Fendley, President of the Kratos Unmanned Systems Division.
  • Price Action: KTOS shares are trading higher by 1.03% at $16.65 on the last check Monday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: NewsContractsBriefs