Movers and SHAKERS
Kratos Defense & Security (KTOS)
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Kratos Defense & Security Solutions is a National Security technology provider with proprietary expertise in the area of unmanned aerial vehicles, electronics for missile defense systems, electronic warfare systems, satellite control and management systems and support services for emerging naval weapon systems. Commercial and state and local government revenues are about 25% of the total and comprise primarily of critical infrastructure monitoring and protection systems.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
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New Contract Win. Yesterday, Kratos announced it had been awarded an $85.9 million contract from the U.S. Army to support the Army Ground Aerial Target Control System. Kratos will supply software updating, cyber security inspections, and installation of replacement parts, among other tasks. The award enables Kratos to evolve, develop, and apply new technologies to the US command and control systems.
Valkyrie Successfully Completes Sixth Flight. Also yesterday, the Air Force Research Lab announced the successful completion of the sixth Valkyrie flight. During the test flight, the Valkyrie successfully opened its payload bay doors and launched a small, unmanned aircraft system. With successful completion of flights, Valkyrie is evolving into a pre-production system with substantial operational ...
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