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Kratos Wins $11.5 Million Drone Order

By Rich Smith - Apr 3, 2013 at 5:12PM

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Details of what kind of drone, or even if it's drones, exactly, remain vague.

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 (KTOS 0.07%) 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.

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