Kratos Receives Approximately $400 Million in New Funding for Hypersonic System and Other Programs
Kratos Defense & Security Solutions announced it has received approximately $400 million in new funding from the Department of War for hypersonic system and national security programs. Management noted that the funding began accelerating in June and July and is expected to boost organic growth, increase operating cash receipts, and reduce customer receivables and inventory.
Key figures
- Funding received usd
- $400 million
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