Kratos Wins $34.9 Million Contract Modification to Provide Support for Marines Corps Drone Program

MT Newswires Live01-22

Kratos Defense & Security Solutions (KTOS) said Tuesday it was awarded a $34.9 million contract modification to provide support services to the Valkyrie unmanned aerial systems for the US Marine Corps.

The new deal expands the scope of a previously-awarded cost-plus-fixed-fee contract, the company said.

The contract modification provides additional non-recurring engineering and material and additional flight tests.

Work under this contract will be performed in Sacramento, California; Oklahoma City, Oklahoma; China Lake, California; and Patuxent River, Maryland.

Kratos shares were up 4% in recent trading.

Price: 34.93, Change: +1.31, Percent Change: +3.91

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