Kratos XQ-58A Valkyrie Completed its Maiden Flight on March 5, 2019
SAN DIEGO, March 07, 2019 (GLOBE NEWSWIRE) -- Kratos
Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National
Security Solutions provider, announced today that Kratos’ XQ-58A Valkyrie
completed its maiden flight on March 5, 2019 at Yuma Proving Grounds,
Arizona. Kratos Unmanned Aerial Systems (KUAS) and the Air Force Research
Laboratory (AFRL) partnered on the development of the XQ-58A Valkyrie. The
XQ-58A demonstrator is a low-cost unmanned air vehicle (UAV). During the
first flight, the vehicle completed its test objectives during a 76 minute
flight. The Valkyrie is a runway independent UAV capable of long-range
flights at high-subsonic speeds.
The joint
effort falls within the Air Force Research Laboratory’s Low Cost
Attritable Aircraft Technology (LCAAT) portfolio, which has the objective
to break the escalating cost trajectory of tactically relevant aircraft.
Reference Public Release Number: 88ABW-2019-0836
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. Kratos specializes in unmanned systems, satellite
communications, cyber security/warfare, microwave electronics, missile
defense, hypersonic systems, training and combat systems. For more
information go to 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 30, 2018, 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 http://www.globenewswire.com/NewsRoom/AttachmentNg/bf3271b2-3179-451f-940f-35c4e459a79d
A video accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/8265514c-99fa-4a08-a3d9-c0178d2ecdd6