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KTOS secures a deal worth nearly $45 million for a new satellite system. The work related to this deal is set to be executed at Kratos engineering, production and integration facilities.
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Kratos (KTOS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
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KTOS secures a $79.8 million contract with the U.S. Air Force for target aircraft systems.
SAN DIEGO, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, today announced that Kratos Turbine Technologies has successfully completed a ground test campaign of a Cost-Optimized, Limited-Life Turbofan Engine. The engine testing was managed by the Air Force Research Laboratory, Aerospace Systems Directorate, Turbine Engine Division (AFRL/RQT) under the Attritable Cost Optimized Limited Life Engine Technologies (ACOLLET) program. All test plan objectives were achieved including matching pre-test predictions on thrust and fuel efficiency.
KTOS provides four classes of low-cost turbojet engines for use in cruise missiles, loitering munition systems and other key defense systems.
SAN DIEGO, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, today announced that Technical Directions, Inc. (TDI), a business unit within Kratos' Unmanned Systems Division, now offers four classes of its low-cost, high-performance turbojet engines with immediate availability.