Kratos Receives $20 Million Electromagnetic Railgun Program Contract Award

September 4, 2015


SAN DIEGO, Sept. 03, 2015 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Defense & Rocket Support Services (DRSS) Division has recently received a $20 million electromagnetic railgun program contract award with an approximate two-year period of performance for a United States government customer.  DRSS is a leading provider of hardware, products, solutions and support services for technology leading and disruptive National Security programs and initiatives, including electromagnetic railgun, directed and high energy systems, hypersonics and ballistic missile defense.  Due to customer related and other considerations, no additional information will be provided related to this new contract award.

Dave Carter, President of Kratos’ DRSS Division, said, “A key strategic growth area for DRSS is in supporting U.S. government agencies in the technology and disruptive program areas, and we are proud to have been selected to support this mission critical National Security program.”

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