Kratos Bags $50M Jet Drone System Related IDIQ Contract

Kratos Defense & Security Solutions, Inc's KTOS Kratos Unmanned Aerial Systems (KUAS) division has received an ~$50 million, single-award, sole-source, jet drone system-related IDIQ contract from a U.S. Government Agency.
The company to perform the work under this contract at its secure facilities and customer locations.
The company expects this contract to be fully funded over the contract's multi-year period of performance.
Price Action: KTOS shares are trading higher by 1.16% at $22.69 on the last check Wednesday.