Kratos Defense (KTOS) Unit Gets $32.3M Award for 28 BQM-167A AFSATs

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Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) reports that its subsidiary Composite Engineering, Inc. (CEI) received a $32.8 million sole source option award to provide 28 BQM-167A Air Force Subscale Aerial Targets (AFSAT), as well as twelve additional months of logistics and technical support, to the AFSAT Program Office. Early deliveries may commence in late 2013, and the last delivery will occur no later than mid-2015. The option award is the last and final delivery of the AFSAT Lots 6-10 effort.

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