Kratos wins $35M national security hardware production contract

Kratos Defense & Security Solutions (Nasdaq: KTOS) announced it received an approximately $35 million contract award for a national security-related military-grade hardware production program, according to a company press release.

The work will be performed at a secure Kratos facility. The company said the hardware and related systems produced under the award are expected to directly support warfighters in the field. No additional details about the contract were provided due to national security and customer considerations.

Tom Mills, President of Kratos C5ISR, said the company is "a recognized industry leader in the engineering and large-scale production of military grade hardware in support of certain of the United States' and its allies' most important National Security programs and initiatives."

Eric DeMarco, Kratos President and CEO, described the C5ISR business as "a crown jewel of Kratos and a national asset," adding that the company has "the workforce, infrastructure, technical capability and past performance qualifications to successfully complete the mission."

Kratos said it is currently in large-scale production across multiple national security programs, including in hypersonics, counter-unmanned aerial systems, air defense, missiles, radars, and high-powered directed energy systems.

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