Kratos Secures $3.2M Contract For Next Generation Small Engine Development

Kratos Defense & Security Solutions, Inc's (NASDAQ:KTOS) Kratos Turbine Technologies (KTT) business has received an ~$3.2 million contract award to develop a Next Generation small engine for a National Security Program.
KTT is currently under contract and developing several Next Generation turbojet, turbofan, and other engines for certain National Security priority areas.
The company will perform the work under this contract award at a secure Kratos technical, engineering, and development facility.
Price Action: KTOS shares are trading lower by 2.75% at $22.62 on the last check Tuesday.