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Kratos receives $5B prime contract

  • Kratos Defense & Security Solutions (NASDAQ:KTOS) receives a SeaPort Next Generation prime contract from the U.S. Navy and Marine Corps.
  • The contract provides engineering and program management support services and has a five-year base and a five-year option ordering period with a potential value of $5B/year or $50B over the ten-year span.
  • Kratos shares are up 0.2% to $12.83.

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Kratos Defense & Security Solutions, Inc.