Kratos Advances to Gremlins Phase III
April 18 2018 - 1:15PM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
its subsidiary, Kratos Unmanned Aerial Systems, Inc. as part
of the Dynetics led team, has been selected for award on Phase III
of the Defense Advanced Research Projects Agency (DARPA)
Gremlins program. The goal of the Gremlins program is to
demonstrate safe and reliable aerial launch and aerial recovery of
multiple unmanned drone system aircraft, capable of employing and
recovering diverse distributed payloads in volley quantities. On
the Gremlins program, Kratos is a critical team member responsible
for providing the Gremlin Unmanned Air Vehicles (UAVs) through both
development and ultimate production. Under the Phase III
contract, Kratos will lead fabrication, structural and subsystem
testing, assembly, integration, and test of prototype Gremlin UAVs.
Additionally, Kratos will support air vehicle flight tests,
recovery tests and system demonstration, as well as planning for
potential future capabilities and ultimately the fielding of an
operational system. Kratos is an industry leader in the rapid
development, demonstration and fielding of high performance, jet
powered unmanned aerial drone systems.
Steve Fendley, President of the
Kratos Unmanned Systems Division, said, "We are proud to
support Dynetics on the Gremlins program which has been a key
element of our strategic focus to position Kratos as the world
leader in low-cost, high performance jet powered Tactical Unmanned
Aerial Systems (UAS). To satisfy the complex and multi-faceted
elements and challenges on the Gremlins program, with Dynetics, an
industry leader in complex system engineering and integration, as
the prime and Kratos providing the low cost high performance UAS,
we have enjoyed a strong, cooperative, and successful partnership
which has enabled our progression to the important Phase III
award. The ultimate goal is to transition this technology to
an operational program, which will substantially increase the
utility of tactical UAVs as compared to today's operations and will
greatly enhance our warfighter's capability through technology,
mass (in terms of quantity), and range. We see this Phase III win
and the upcoming demonstration as a critical step and prerequisite
in progressing to that transition."
Mark Miller, Vice President for Dynetics Missile
and Aviation Systems, said, "Kratos is a critical part of our
Gremlins team. Our respective companies’ corporate cultures align
well, and our capabilities complement one another. The expertise
and experience Kratos brings in rapid development of low-cost,
re-usable, composite airframes combined with an innovative, agile,
design team is exactly what this fast-paced program
requires."
Eric DeMarco, President and CEO of Kratos,
said, "Our team is proud to have been successful in this very
competitive solicitation with our Prime Partner Dynetics.
Kratos is the world leader in high performance jet powered
unmanned aerial drone systems, and we are applying this leadership
to the Gremlins program.”
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions,
Inc. (NASDAQ:KTOS) develops transformative, affordable
technology for the Department of Defense and commercial
customers. Kratos is changing the way breakthrough
technology for these industries are brought to market through
proactive research and a streamlined development
process. Kratos specializes in unmanned systems,
satellite communications, cyber security/warfare, microwave
electronics, missile defense, training and combat systems. For more
information go to 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
31, 2017, 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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