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Kratos to Unveil Newest High Performance Class of Military Unmanned Aerial System Technology at 2017 Paris Air Show

13.6.2017 22:43 | NASDAQ OMX

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Low-Cost, High-Performance Craft Represent Next Generation of Military Drones

SAN DIEGO, June 13, 2017 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, today announced the company will officially unveil a new class of unmanned aerial systems that represent the future of air combat at the 2017 Paris Air Show. Kratos is at the forefront of unmanned aerial systems with its ability to rapidly design, develop, demonstrate and deliver affordable high-performance jet powered drones.

Photos accompanying this announcement are available at 
http://www.globenewswire.com/NewsRoom/AttachmentNg/7d1c48b9-07d0-4ae1-9704-646f51a30f32 http://www.globenewswire.com/NewsRoom/AttachmentNg/96fb3aca-7dfe-470c-b662-436d7edd7286 http://www.globenewswire.com/NewsRoom/AttachmentNg/0a6629dc-e064-47b2-bb14-7909905913db http://www.globenewswire.com/NewsRoom/AttachmentNg/caf99365-ca62-415f-a9d3-205b812d0014

At the show, Kratos will be presenting the XQ-222 Valkyrie and UTAP-22 Mako drones that provide fighter-like performance and are designed to function as wingmen to manned aircraft in contested airspace.

The Valkyrie and the Mako represent the next generation of UAVs. They are highly maneuverable, stealthy, able to fly at near supersonic speeds, and can carry and deploy weapons or surveillance systems. The larger Valkyrie, measuring in at roughly 30 feet in length, has an impressive range of more than 3,000 nautical miles.

Most important, Kratos' UAVs are aligned with emerging military strategies because they are reusable and lower priced -- in the $2 million to $3 million range. This makes it cost efficient to deploy them in numbers that can effectively support manned aircraft or operate independently in combat.

The Valkyrie was recently announced by the Air Force Research Labs (AFRL) at a presentation on its Low Cost Attritable Aircraft Technology (LCAAT) program at Wright Patterson Air Force Base. 

"If you team up a bunch of these aircraft with an F-35 or an F-22, or some of our surveillance assets, you'd basically be able to cover more space at a lower cost point," Bill Baron, AFRL LCAAT project manager, told the Dayton Daily News at the May 9 event. "In a lot of cases, we don't have enough airplanes and as you look to the future, most likely our fleet sizes are going to continue to be more limited so this is a way to provide a force multiplier."

The Valkyrie has been in development since July 2016, when the U.S. Air Force awarded Kratos a contract to develop the LCAAT. After a less-than-two-year design and development effort, the Valkyrie is scheduled for its first flight in spring of 2018. The Mako is already operational and is scheduled for follow-on test flights, where it will carry sensors and be teamed with manned aircraft, in June, July and August of this year.

"The Mako and Valkyrie represent an entirely new category of UAVs," said Eric Demarco, Kratos CEO. "Thanks to our target drone expertise and our in-house research and development team, we have been able to combine high performance with low cost in fully functioning aircraft. And we did it in less than two years, not decades."

The Paris Air Show is the largest aerospace event in the world and will be held June 19-25. Kratos will be hosting visitors at booth # 3 A118.

About Kratos 
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries is brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense and combat systems. For more information, go to www.kratosdefense.com

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Press Contact: 
Jon Schmid 
619-200-7257 
JSchmid@CookandSchmid.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kratos Defense & Security Solutions, Inc. via Globenewswire

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