Royal Saudi Naval Forces awards USD 18m training contract to Kratos

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) has announced Royal Saudi Naval has awarded the company a USD 18 million contract to provide educational training support to the RSNF, the company said.

The contract includes an extension of an existing US Foreign Military Sales contract valued at USD 2,632,498. The new award, a cost plus fixed fee contract, issued by the Fleet Logistics Center Norfolk Philadelphia Office is valued at USD 16,107,305 and could climb to USD 25,629,236 if all options are exercised.

With these awards, Kratos will continue its training support services to the RSNF. These include military-focused training including technical and instructional services necessary to conduct naval operations, logistics and curriculum management support services. In addition, Kratos will continue to provide English Language Training (ELT) for RSNF personnel including the RSNF Naval Academy.

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.