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  • Friday, November 8, 2024
Image Title: Kratos Defense & Security Solutions Source: Twitter

Kratos Awarded $95M Army Target Drone Supply Contract

A business unit of Kratos Defense & Security Solutions (Nasdaq: KTOS) will supply drones for the U.S. Army’s aerial target activity under a firm-fixed-price contract worth $95 million over five years.

The service is procuring subscale unmanned aerial target systems from Kratos Unmanned Aerial Systems and will determine funds upon issuance of each order, the Department of Defense said Friday.

Army Contracting Command received one bid for the firm-fixed-price contract and estimates the work to conclude on July 6, 2028.

In March, Kratos received a $21.7 million U.S. Air Force contract to deliver aircraft, mission kits, certain flight consumables and technical data for lot 19 BQM-167A production.

The company achieved a milestone April by completing the delivery of its 200th BQM-177A subsonic aerial target for the U.S. Navy.

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