Kratos Expands Jet Engine Production in the U.S.
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is making significant strides in the defense industry with the announcement of a new advanced manufacturing facility. This 50,000-square-foot facility, set to be built on a 20-acre site in Oklahoma, is anticipated to double in size to 100,000 square feet, allowing for the installation of up to five GEK engine production lines. Initially, Kratos will focus on producing the GEK800 turbojet engine, which is a crucial part of their product offering.
Strategic Engagements and Partnerships
The announcement of this facility came during a notable breakfast event attended by key figures, including Kratos CEO Eric DeMarco and the President of Kratos Turbine Technologies, Stacey Rock. Oklahoma Governor Kevin Stitt also participated in the discussions, reflecting a strong state partnership in this ambitious venture.
Facility Features and Expected Outcomes
The newly envisioned manufacturing facility will support an impressive output of 500 engines annually, covering thrust classes from 600 to 6000 pounds. Output is expected to ramp up to full capacity by the fourth quarter of 2026, significantly bolstering Kratos’ production capabilities in the defense sector.
Job Creation and Economic Impact
This expansion is expected to generate approximately 60 high-quality jobs initially, with recruitment for key positions starting as early as late 2025. As additional production lines are added, around 45 new jobs will be created per line, providing ample opportunities for skilled workers in the area.
Significance of the New Facility
Stacey Rock expressed the facility's significance, emphasizing Kratos' commitment to delivering high-performance propulsion systems constructed in America. This initiative is crucial for meeting the increasing demand for advanced military propulsion technologies.
Statements from Key Leaders
Governor Stitt heralded the establishment of this facility as a major victory for American industry and military strength and highlighted Oklahoma’s emerging role as a national defense hub. Eric DeMarco commented on the importance of this investment, noting its alignment with Kratos’ mission to enhance the production and advancement of propulsion technologies vital for U.S. defense capabilities.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) operates as a leading technology firm specializing in defense and national security solutions. They focus on innovative research and rapid prototyping to deliver products meeting mission-critical requirements for various stakeholders, including government and commercial clients. Their commitment to affordability and cutting-edge technology positions them as a transformative force in the defense sector.
For inquiries, the press contact for Kratos is Claire Burghoff at claire.burghoff@kratosdefense.com. For investor relations, call 877-934-4687 or email investor@kratosdefense.com.
Frequently Asked Questions
What is the purpose of the new facility in Oklahoma?
The facility aims to produce the GEK800 turbojet engine and expand Kratos' production capacity for military propulsion systems.
How many jobs will the new Kratos facility create?
Initially, the facility is expected to create around 60 high-quality jobs, with more jobs added as production ramps up.
When will the facility begin operations?
The facility is expected to occupy its premises by mid-2026 and reach full operational capability by the fourth quarter of 2026.
What type of engines will be produced?
The facility will focus on producing the GEK880 engine and will eventually support the production of up to five GEK engine lines.
What role does Kratos play in national defense?
Kratos develops advanced defense technologies, including unmanned systems and propulsion solutions, crucial for enhancing national security and military efficiency.
