Kratos Secures $338M Sole Source Contract From US Air Force For Target Drones

  • Kratos Defense & Security Solutions, Inc's KTOS Kratos Unmanned Aerial Systems has secured a $338.07 million Firm Fixed-Price, Cost-Plus-Fixed-Fee, and Time-and-Material contract for BQM-167A Air Force Subscale Aerial Target (AFSAT) lots 17-21 production, out-of-warranty-repairs (OWR), and contractor logistics support (CLS). 
  • Work will be performed at a Kratos manufacturing facility. Air Force Life Cycle Management Center, Eglin Air Force Base, Florida, is the contracting activity.
  • "This five-year contract represents a milestone in our target system business and reduces the administrative burden on both the USAF and Kratos by enabling multiple years of target delivery and support to be combined into a single contract – smart and efficient business," said Steve Fendley, President of Kratos Unmanned Systems Division.
  • Price Action: KTOS shares are trading higher by 1.28% at $22.99 on the last check Monday.
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