Kratos Defense (KTOS) & Security Solutions announced the opening of a new Propulsion Manufacturing Facility in Auburn Hills, Michigan to fulfill upcoming demand for Kratos’ Spartan engines, a family of high-quality, low-cost, military grade turbojet engines, a key enabler in the affordable mass problem set. This 22,500-square-foot facility with office, manufacturing, assembly and test areas allows for concurrent production of all four engines in the Spartan family and quantities of 50,000 plus per year. The Spartan line of engines consists of four propulsion systems ranging in thrust from 30 to over 200 lbf.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KTOS:
- Kratos Defense announces IPIF for Hypersonic Systems located in Indiana
- Kratos Defense Acquires Orbit Technologies for $356.3M
- Kratos Defense price target raised to $95 from $75 at Noble Capital
- Kratos Defense price target raised to $95 from $80 at BTIG
- Kratos Defense & Security Solutions’ Earnings Call Highlights Growth and Challenges
