SAN DIEGO - Kratos Defense (NASDAQ:KTOS) & Security Solutions, Inc. (NASDAQ:KTOS), a company focusing on defense and national security technology, has been awarded a significant contract valued at approximately $499 million.
This indefinite-delivery/indefinite-quantity contract entails the development of anti-tamper solutions to safeguard critical Department of Defense (DoD) programs against adversarial tampering efforts.
The contract specifies the design, construction, testing, and delivery of these security solutions, with the expectation of readiness for subsequent production integration into a variety of DoD initiatives. Kratos will carry out the work within the continental United States, aiming for completion by February 28, 2030.
This competitive contract was open to multiple offers, with Kratos emerging as a selectee from twenty proposals. The Air Force Life Cycle Management at Wright Patterson Air Force Base in Ohio is the contracting entity.
Michael Johns, President of Kratos' Space, Training and Cybersecurity (STC) Division, commented on the award, stating that it opens new contractual avenues and customer bases for Kratos, particularly concerning the protection of mission-critical national security systems.
Kratos is known for its strategic deterrence systems, missiles, space and satellite communications, and various other defense and security technologies. The company emphasizes affordability through the use of proven technology and aims to be a first-mover in the market with cost-effective solutions.
The information regarding this contract is based on a press release statement from Kratos Defense & Security Solutions.
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