Kratos Defense (KTOS) & Security Solutions was awarded a $6.5M, single award contract by the Defense Advanced Research Projects Agency, DARPA, to provide flight testing for hypersonic research supporting future weapon systems. The two-year contract which began in August 2023 includes flight tests to develop, characterize, and validate critical hypersonic components for technology maturation and risk reduction.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KTOS:
- Kratos Defense price target raised to $30 from $25 at Jefferies
- Kratos Defense announces recent series of flight tests of XQ-58A
- Kratos Defense announces Gold Sponsorship of Reagan National Defense Forum
- Kratos Defense awarded $116.7M prime contract to create, operate AFCGI
- Kratos Defense price target raised to $30 from $26 at Noble Capital