Kratos awarded air defense system contract with US Army

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) defense & rocket support services (DRSS) division´s Madison Research Corporation (Kratos-MRC) business unit has been awarded a USD23.4 million air defense contract with the US Army aviation and missile command, the company said.

The firm said the fixed price contract has a three-year period of performance, under which MRC will provide technical and engineering services and solutions, and deliver short range air defense Class V missile components including rocket motors, safe and arm devices, warheads and batteries for a US Army foreign military sales (FMS) customer.

Kratos DRSS is a provider of air defense and other weapon and combat system related products, solutions and services, ballistic missile target systems, hypersonic system products and supports the electromagnetic railgun and high power directed energy laser systems.