Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Kratos secures $579 million military satellite contract

EditorRachael Rajan
Published 02/13/2024, 04:45 PM
© Reuters.

SAN DIEGO - Kratos Defense (NASDAQ:KTOS) & Security Solutions, Inc. (NASDAQ: KTOS), a prominent player in the defense technology sector, has been awarded an indefinite-delivery/indefinite-quantity (IDIQ) contract for the Command and Control System Consolidated (CCS-C) Sustainment and Resiliency (C-SAR) program. This contract, with a ceiling value of $579 million, will extend through May 31, 2032, if all options are exercised.

The contract, which commenced on December 1, 2023, involves future task and delivery orders to support operations, sustainment, or enhancements of the CCS-C and associated systems. The C-SAR initiative is vital for maintaining secure and integrated communications to fulfill U.S. Military Satellite Communications (MILSATCOM) requirements. The CCS-C system is a critical component for the Space Force Space Systems Command (SSC), Space Delta 8, offering consolidated MILSATCOM tracking, telemetry, and command capabilities, particularly for on-orbit and anomaly resolution operations.

Kratos's role will include the provision of sustainment, post-production development services, and enhancements for the CCS-C system. The company will also supply satellite and communication system products, hardware, and equipment in support of the SSC's mission to develop and sustain lethal and resilient space capabilities.

Phil Carrai, President of Kratos's Space, Training, and Cyber Division, emphasized the contract's significance, stating that Kratos is equipped to provide the necessary satellite-based services for the U.S. military to accomplish its mission.

The company's strategy involves internally funded research and development to produce cost-effective solutions rapidly. Kratos's expertise spans various domains, including virtualized ground systems, unmanned aerial drone systems, hypersonic vehicles, propulsion systems, and training systems for the warfighter.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The information for this article is based on a press release statement from Kratos Defense & Security Solutions, Inc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.