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Kratos Secures $20M Training System Concurrency Upgrade Contract

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) was awarded a $20 million contract by a Department of Defense (DoD) Prime…
byAkanksha Bakshi
April 13, 2023
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  • Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) was awarded a $20 million contract by a Department of Defense (DoD) Prime contractor.
  • Under the contract, KTOS will provide a concurrency upgrade to multiple ground tactical platform maintenance training systems.
  • Due to customer, competitive, security-related and other considerations, no additional information was provided regarding this contract award.
  • “Over the last 25 years Kratos has supported DoD and allied military customers by designing, developing and delivering advanced maintenance training systems. We are committed to delivering the same high level of quality with these upgrades,” commented Jose Diaz, Sr. Vice President at Kratos Training Solutions.
  • Price Action: KTOS shares are trading higher by 1.07% at $13.17 premarket on Thursday.
 
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