Skip to main content

Kratos Acquires Jet Powered Unmanned Aerial System Engineering Leader 5-D Systems

Written by Customer Service on . Posted in Public Companies.

SAN DIEGO, Nov. 20, 2020 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that it has acquired 5-D Systems, Inc., a CMMI Level 3 Systems and Software Engineering company with facilities in the Austin, Texas area and in Huntsville, Alabama. 5-D is well-known in the defense/aerospace industry for its more than 20 years of experience as a small business designing, developing, integrating, testing, modifying and supporting unmanned, manned, and optionally-piloted vehicles (OPV) / aviation systems; and also providing technical/logistics/program SETA / A&AS support on government sites.
In addition to developing systems for the Department of Defense and other major customers, 5-D has been a subcontractor/teammate of Kratos on many of its systems and programs including the XQ-58A and aerial target systems. 5-D’s core philosophies align well with Kratos’ affordability mantra and development/application of leading edge, rather than bleeding edge, technology.5-D will be a company within the Kratos Unmanned Systems Division and will function as the Systems Engineering hub for the division, leveraging its systems/software engineers, CMMI Level 3 pedigree, and the technology rich resources available in the Austin area. With the Army Futures Command headquartered in Austin, and with major defense/aerospace primes, plus other key defense/aerospace agencies including the Defense Innovation Unit located in Austin and the surrounding area, Austin is a strategic location for DoD-focused technology development, as well as being geographically convenient in the center of the country. Kratos’ tactical UAS production facility is in nearby Oklahoma City which will benefit from engineering capabilities now being available from Austin.Eric DeMarco, President and CEO of Kratos, said, “Kratos is a technology company operating in the defense space. Establishment of an engineering-focused Kratos facility in Austin is a logical step and has been a strategic goal of the corporation for some time. The acquisition of this long-term teammate enables us to immediately achieve our goal, while seamlessly complementing and expanding our engineering team with capability and credentials to help with our continually growing unmanned tactical and target system development efforts. 5-D brings specific new capabilities to Kratos with their legacy manned conversion (Optionally Piloted Vehicle) and larger aircraft experience including the QF-4, with the associated runway takeoff and landing modes that have direct application on several Kratos pursuits. We are excited about being well-positioned with a Kratos technology center near several key customers and with the continuing expansion of our capability and experience in high performance unmanned jet drone systems.”About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries is rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology, and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information, please visit www.KratosDefense.com.Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 29, 2019, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.Press Contact:
Yolanda White
858-812-7302 DirectInvestor Information:
877-934-4687
investor@kratosdefense.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.