Kratos Wins $11.5 Million Drone Order
Investors in the fast-growing field of flying robots saw a new company fly onto their radar screens this morning. Following in the tracks of successful unmanned aerial vehicle producers such as Boeing and General Atomics, Kratos Defense & Security Solutions announced Wednesday that it too has UAV products to sell -- and it's just landed a contract for $11.5 million of them.
According to Kratos, an unnamed "leading National Security Solutions provider" has asked Kratos' Unmanned Systems Solutions Division to supply "specialty product orders related to certain Unmanned Aerial System and other programs."
Kratos goes out of its way to keep the details of this contract vague, noting that because of "the nature of the products [and] specific customer and other related considerations, no additional information regarding these product orders is being provided."
The company did advise that the products "related" to UAVs that it produces include "unmanned aerial systems and drones, electronics, avionics, ground control, and support products and equipment."
Shares of the company are up 0.6% on the news, closing at $4.88.
The article Kratos Wins $11.5 Million Drone Order originally appeared on Fool.com.Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.