Lockheed refines bid to modernize the Greek frigate fleet. Here's what it's offering.

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  December 9, 2020 | International, Aerospace

  Kratos Receives $37.7 Million Skyborg Program Contract Award from USAF Advanced Aircraft Office

  San Diego, December 8, 2020 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that Kratos has received a $37,771,577 award from the AFLCMC/WA Advanced Aircraft Program Executive Office for the Skyborg Delivery Order (DO) 2 contract to integrate, test, and deliver XQ-58A Valkyrie aircraft. Steve Fendley, President of Kratos Unmanned Systems Division, said, “Kratos is excited to announce the receipt of the Skyborg DO 2 contract, meeting a long-term strategic objective. The Skyborg Program, one of three USAF Vanguard Programs, is focused on expanding the envelope of the application of unmanned aircraft use, particularly with respect to Artificial Intelligence. Kratos XQ-58A has been flying since March of 2019, approximately 30 months after aircraft conception, and was designed specifically for these applications and the ability to support missions from ISR to Strike in manned-unmanned teaming scenarios or in unmanned only mission sets. These capabilities are intended to substantially increase the effectiveness of our country's military mission sets, while at the same time reducing risk to the exquisite assets and manned elements—saving resources and, most importantly, lives.” The contract includes three phases of design, integration, and flight testing of the Kratos XQ-58A Valkyrie system, integrating multiple customer-defined mission payloads and customer-defined autonomy in coordination/cooperation with the Skyborg System Design Agent company, Leidos. Kratos currently works in partnership with Leidos' Dynetics on the Gremlins Program. 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. At Kratos, affordability is a technology, and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information, please visit 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 29, 2019, 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 View source version on Kratos Defense & Security Solutions, Inc.: https://ir.kratosdefense.com/news-releases/news-release-details/kratos-receives-377-million-skyborg-program-contract-award-usaf

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  December 31, 2024 | International, C4ISR, Security

  Chinese APT Exploits BeyondTrust API Key to Access U.S. Treasury Systems and Documents

  U.S. Treasury breached by Chinese APT actors via BeyondTrust API key; critical CVE-2024-12356 exploited.

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  August 28, 2018 | International, Aerospace, Naval

  India is one step closer to spending billions on new naval helicopters from US, allies

  By: Vivek Raghuvanshi NEW DELHI — India's Ministry of Defence's apex procurement body, the Defence Acquisition Council, approved procurement of naval multirole and naval utility helicopters, but induction will not be made anytime soon. MoD's DAC approved the purchase of 24 MH-60 Romeo multi-role helicopters from the U.S. through a foreign military sale at a cost of more than $2 billion. DAC also approved purchase of 111 naval utility helicopters, costing around $3.39 billion, to be built under the Make in India policy by domestic private companies in partnership with overseas original equipment manufacturers. But this is only budgetary approval for purchase of two types of naval helicopters; that budget has yet to be allocated, and no timeline has been set for when the procurement process would kick-start, said a senior MoD official. “The procurement of naval multirole helicopters will take at least three to five years, while induction of naval utility helicopters will take from eight to 10years,”he noted. Another MoD official said the budgetary allocation for the naval multirole helicopters would come in the next three to six months; thereafter MoD will issue a letter of request, or LOR, to the U.S. Department of Defense, outlining specific requirements., beginning negotiations. MoD plans to pursue the procurement of 111 naval utility helicopters under Make in India's strategic partners policy, under which choppers will be produced by selected private companies though a possible joint venture and technology transfer from foreign companies. No private defense company in India have produced helicopters before, which could create a lengthy selection process. In July last year, Indian Navy floated a request for information (RFI) to both domestic and foreign original equipment manufacturers, or OEMs, to participate in naval utility helicopter program. Foreign OEMs including Airbus Helicopters of France, Russian Helicopters of Russia, Lockheed Martin and Bell of United States have expressed interest in supporting procurement efforts. Domestic private defense companies Adani Group, Bharat Forge Ltd, Reliance Defence, Mahindra Aerospace and Tata Advanced Systems Ltd have also responded to the RFI to build naval utility helicopters in the country. https://www.defensenews.com/naval/2018/08/27/india-is-one-step-closer-to-spending-billions-on-new-naval-helicopters-from-us-allies