Navy Awards Kratos $46.7M Contract for Submarine Ballistic Missile Reentry Systems
05 Junho 2023 - 9:00AM
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a
Technology Company in the Defense, National Security and Global
Markets, has been awarded a contract by the Naval Surface Warfare
Center Dahlgren Division (NSWCDD) for thermo-mechanical and
aerothermal ground testing of thermal protection system materials
in ballistic reentry and reentry-like environments in its Kratos
SRE business unit in Birmingham, Alabama. The five-year contract
includes options with a total value up to $46.7 million, with an
initial award of $8.6 million under a cost-plus-fixed-fee contract.
The effort will test materials supporting
technical efforts for the U.S. and the U.K. with direct oversight
from the NSWCDD Reentry Systems Office. The support includes sample
preparation, instrumentation, testing and gathering
thermo-mechanical data on materials at extremely high temperatures
and in high heat flux/shear environments. The contract enables
Kratos SRE to conduct ground testing of thermal protection
materials at external ground test facilities and produce flight
hardware for the Navy. It requires the unique ability to test and
collect data at maximum temperatures of 5,500 degrees Fahrenheit to
properly test materials in reentry-like environments.
Michael Johns, Senior Vice President of
Kratos SRE, said, “We are honored to support NSWCDD for
this important program and are proud that we have been able to do
so for decades. We bring a unique capability to this program and
through the hard work of our expert team, we look forward to
helping our nation as part of the larger Navy team.”
Dave Carter, President of
Kratos’ Defense & Rocket Support Services Division,
said, “Our division has a long and valued relationship
with the Navy supporting research rocket and ballistic missile
target programs. The addition of the NSWCDD RSO work by adding KSRE
to our division team is exciting, and we look forward to continuing
our role as a trusted provider for the Navy.”
Kratos SRE, formerly part of Southern Research
and acquired by Kratos in May 2022, is an advanced concept group
within Kratos’ Defense & Rocket Support Services (KDRSS)
Division. SRE currently employs about 175 engineers, technicians
and program support professionals conducting work in support of the
space community, the Department of Defense and other national
security customers.
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions,
Inc. (NASDAQ: KTOS) is a Technology Company that
develops and fields transformative, affordable systems, products
and solutions for United States National Security, our allies and
global commercial enterprises. At Kratos, Affordability is a
Technology, and Kratos is changing the way breakthrough technology
is rapidly brought to market – at a low cost – with actual
products, systems and technologies rather than slide decks or
renderings. Through proven commercial and venture capital backed
approaches, including proactive, internally funded research and
streamlined development processes, Kratos is focused on being First
to Market with our solutions, well in advance of competition.
Kratos is the recognized Technology Disruptor in our core market
areas, including Space and Satellite Communications, Cyber
Security and Warfare, Unmanned Systems, Rocket and Hypersonic
Systems, Next-Generation Jet Engines and Propulsion
Systems, Microwave Electronics, C5ISR and Virtual and
Augmented Reality Training Systems. For more information, please
visit www.KratosDefense.com.
Notice Regarding Forward-Looking
StatementsCertain statements in this press release may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made on the basis of the current
beliefs, expectations, and assumptions of the management of Kratos
and are subject to significant risks and uncertainty. Investors are
cautioned not to place undue reliance on any such forward-looking
statements. All such forward-looking statements speak only as of
the date they are made, and Kratos undertakes no obligation to
update or revise these statements, whether as a result of new
information, future events or otherwise. Although Kratos believes
that the expectations reflected in these forward-looking statements
are reasonable, these statements involve many risks and
uncertainties that may cause actual results to differ materially
from what may be expressed or implied in these forward-looking
statements. For a further discussion of risks and uncertainties
that could cause actual results to differ from those expressed in
these forward-looking statements, as well as risks relating to the
business of Kratos in general, see the risk disclosures in the
Annual Report on Form 10-K of Kratos for the year ended December
25, 2022, and in subsequent reports on Forms 10-Q and 8-K and other
filings made with the SEC by Kratos.
Press Contact:Yolanda White858-812-7302
Direct
Investor
Information:877-934-4687investor@kratosdefense.com
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