Kratos Defense & Security Solutions, Inc. announced that Kratos has received a $49,568,200 Full Rate Production (FRP) contract for Lot 4 of the BQM-177A Subsonic Aerial Target (SSAT) from the U.S. Navy for the procurement of an additional 55 aircraft, mission kits, certain flight consumables, and technical data. The work under this contract will be primarily conducted in Kratos' facilities in Sacramento, CA, and Ft. Walton Beach, FL.

Total contract value if the options for Lots 5, 6, and 7 are all exercised at the maximum production quantities is $227,647,890.