Overview
- Kratos announced several awards totaling $65 million to design, develop and deliver simulators and other warfighter training solutions focused on avionics maintenance.
- The work supports specific aircraft including the U.S. Army CH47F Chinook and UH-60M Blackhawk helicopters and the U.S. Air Force UH-1 Huey.
- Counterparties include the U.S. Department of Defense along with unidentified allied nations, according to the company.
- Kratos did not disclose how many contracts were awarded or their performance periods, leaving the revenue ramp and profit timing uncertain.
- Shares rose about 2.1% intraday following the news, and with roughly $1.3 billion in trailing sales the awards could be material if recognized in a single year but far less so if spread over multiple years.