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

  • Kratos Defense & Security Solutions, Inc's 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.
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