Kratos Bags $14M Contract Awards Linked To Drone System

Kratos Defense & Security Solutions, Inc 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.