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Kratos Defense & Security Solutions, Inc, headquartered in San Diego, California, [3] is an American technology company with manufacturing concentrations in weapons and military electronics. Customers include the U.S. federal government , foreign governments, commercial enterprises and state and local government agencies.
On July 27, 2011, California-based Kratos Defense and Security Solutions completed the acquisition of Integral Systems, with each outstanding share of Integral Systems common stock cancelled and converted into the right to receive (i) $5.00, in cash, without interest, and (ii) 0.588 shares of the Kratos Defense and Security Solutions common stock.
Full operational capability was achieved in 2022. [ 4 ] A contract awarded to Kratos in 2019 for low-rate initial production of 34 BQM-177A for a cost of $25.4 million, [ 5 ] which was followed by subsequent contracts in 2020 of full rate production of 35 and 48 drone for $29.2 million and $38.7 million respectively. [ 6 ]
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Kratos' (KTOS) contract wins in the second quarter of 2019 should boost its quarterly backlog.
Kratos Defense (KTOS) third-quarter 2021 results reflect the impact oflower revenues fromlegacy government services and Training Solutions business, which led to a decline of 0.7% in total revenues.
The BQM-167 was developed and manufactured by Composite Engineering Inc. (now part of Kratos Defense & Security Solutions), and is constructed of carbon fiber and epoxy-based materials. [1] [3] Two prototype targets were built and test flown in 2001. The BQM-167A was selected as the next-generation Air Force subscale aerial target in July 2002.
Ares Incorporated is an American weapons manufacturer and firearms engineering company co-founded by the American weapons inventor and developer Eugene Stoner in 1971. The company is based in Port Clinton, Ohio , and produces fire control systems, turret systems, small arms, automatic cannons and industrial machinery.