© Reuters.
SAN DIEGO – Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a company focused on defense and homeland security technology, has been awarded a major contract worth approximately $499 million.
This indefinite delivery/indefinite quantity contract covers the development of countermeasures to protect critical Department of Defense (DoD) programs from damaging adversary efforts.
The contract specifies the design, construction, testing and delivery of these security solutions, with the expectation that they will be ready for subsequent integration into production across various DoD initiatives. Kratos will undertake work in the continental United States, with a target of completion by February 28, 2030.
The competitive contract was open to multiple offers, and Kratos was selected from over twenty proposals. Wright is the Air Force Life Cycle Management contractor at Patterson Air Force Base, Ohio.
Michael Johns, head of Kratos' Space, Training and Cybersecurity (STC) division, commented on the award, saying it opens up new contract avenues and customer bases for Kratos, particularly as it relates to the protection of mission-critical national security systems. Review.
Kratos is known for its strategic defense systems, missiles, space and satellite communications and other defense and security technologies. The company emphasizes affordability by using proven technology and aims to pioneer the market with cost-effective solutions.
Information regarding this agreement is based on a press release from Kratos Defense & Security Solutions.
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