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Kratos Defense and Security Solutions (Nasdaq: KTOS) will initially manufacture 35 subsonic aerial target systems for the U.S. Navy as part of a potential $130.1M full-rate production contract. The service branch placed an initial $29.2M order for the first batch of BQM-177A SSATs along with the technical data package, Kratos said Monday....

The State Department has approved South Korea's request to purchase $158.1M in Raytheon Technologies-built (NYSE: RTX) Sidewinder missile systems along with a suite of associated equipment from the U.S. government under a foreign military sales transaction....