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Kratos Subsidiary to Provide Army Aerial Targets, Equipment Under $93M Contract

Kratos Defense and Security Solutions (Nasdaq: KTOS) subsidiary has received a potential five-year, $93 million contract to supply unmanned target aircraft along with  launchers, ground equipment and spare parts to the U.S. Army.

Composite Engineering Inc. will produce Advanced Subscale Aerial Platform systems under the firm-fixed-price contract that runs through Dec. 17, 2022, the Defense Department said Thursday.

ASAP will be built to replace obsolete MQM-107 target drones of the Army and to address the service branch’s aerial target requirements for a jet-propelled subscale aircraft platform, according to a FedBizOpps summary.

The Army Contracting Command solicited bids and received one offer for the procurement effort via the internet.

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