Naval Air Systems Command Accepts Delivery of 100th Production BQM-177A Subsonic Aerial Target System
SAN DIEGO, Nov. 19, 2020 (GLOBE NEWSWIRE) -- 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
Solutions
Kratos 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
White
858-812-7302 Direct
Investor
Information:
877-934-4687
investor@kratosdefense.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e99ef0b3-35bf-4e74-92e5-b517c28ec9af