Naval Air Systems Command Accepts Delivery of 100th Production BQM-177A Subsonic Aerial Target System
November 19 2020 - 8:00AM
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a
leading National Security Solutions provider and industry-leading
provider of high-performance, jet-powered unmanned aerial systems,
announced today that it has delivered the 100th production BQM-177A
Subsonic Aerial Target (SSAT), nearing completion of its third and
final Low Rate Initial Production (LRIP) contract.
Captain Molly Boron, Program Manager,
Aerial Targets Program (PMA-208) stated, “I am proud to
accept delivery of this 100th aircraft on behalf of the U.S. Navy.
The government-industry team of PMA-208 and Kratos Unmanned Aerial
Systems (KUAS) has worked hard to deliver this capable target on
time and on budget. 2020 has been a successful year despite
COVID-19 challenges. We are completing LRIP III deliveries, have
awarded the $29.2M Full Rate Production (FRP) Lot 1 contract on 29
September for 35 more BQM-177A SSATs, and are currently activating
the operational site at Pacific Missile Range Facility (PMRF) in
Kauai, HI. The combined PMA-208 and KUAS team is positioned to
successfully achieve Full Operational Capability this fiscal year.
We are delivering targets and support equipment to Atlantic Target
& Marine Operations at Dam Neck, VA in anticipation of their
transition to the BQM-177A this winter. We will complete the
transition of this capability when the PMRF Detachment Far East
site in Okinawa, Japan is activated with a ship-launch capability.
The delivery of the 100th target signifies a well-performing
production line but also represents an incredible amount of
teamwork enabling relevant anti-ship cruise missile training and
combat system testing for the Fleet.”
Steve Fendley,
President of Kratos Unmanned Systems
Division, said, “The delivery of this 100th aircraft
represents the very hard work of many dedicated Navy and KUAS
engineering, production, program, logistics, financial, and supply
chain professionals. We stand shoulder-to-shoulder with our Navy
customers as we activate additional sites and operationalize this
capability around the world. The KUAS team remains committed to the
mission of providing the most capable systems and realistic
training possible to the warfighters.”
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions,
Inc. (NASDAQ:KTOS) develops and fields transformative,
affordable technology, platforms and systems for United States
National Security related customers, allies and commercial
enterprises. Kratos is changing the way breakthrough technology for
these industries are rapidly brought to market through proven
commercial and venture capital backed approaches, including
proactive research and streamlined development processes. At
Kratos, affordability is a technology, and we specialize in
unmanned systems, satellite communications, cyber security/warfare,
microwave electronics, missile defense, hypersonic systems,
training, combat systems and next generation turbo jet and turbo
fan engine development. For more information, please
visit www.KratosDefense.com.
Notice Regarding Forward-Looking
Statements Certain 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
29, 2019, 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
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e99ef0b3-35bf-4e74-92e5-b517c28ec9af
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