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Kratos Awarded $3.87 Million for Gremlins Phase I by Defense Advanced Research Projects Agency

Kratos Defense & Security Solutions, Inc. KTOS, +1.33% a leading National Security Solutions provider, announced today that its subsidiary, Composite Engineering, Inc. (CEi), has received a $3.87 million award from the Defense Advanced Research Projects Agency (DARPA). The goal of the Gremlins program is to demonstrate safe and reliable aerial launch and aerial recovery of multiple unmanned aircraft, capable of employing and recovering diverse distributed payloads in volley quantities. Under the Phase I contract, CEi plans to conduct system architecture and design trade studies to develop a conceptual Gremlins system design, analyze aerial launch and aerial recovery techniques, develop operational concepts, and perform demonstration system design and planning for potential future phases.

Jerry Beaman, President of Kratos' Unmanned Systems Division, said, "With this key award, CEi strengthens our presence in the emerging Unmanned Combat Aerial Systems (UCAS) market. The DARPA Gremlins program is an integral part of our overall Unmanned Aerial Systems (UAS) mission."

Eric DeMarco, President and CEO of Kratos, said, "As a leading innovator of cutting-edge technology in the UAS arena, and in line with our future objectives and internal development efforts over the past several years, Kratos is broadening our typical offering of high-performance unmanned jet aircraft, to include system integrator-level development...