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Investing.com -- Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) climbed 1.6% following the announcement of a formal teaming agreement with GE Aerospace (NYSE:GE) to advance propulsion technologies for next-generation unmanned aerial systems and Collaborative Combat Aircraft-type (CCA-type) aircraft.
The partnership, which builds upon a previous Memorandum of Understanding, aims to develop and produce affordable, high-performance propulsion systems. The new agreement sets the stage for the development, manufacturing, testing, and deployment of the GEK800 Engine and further collaboration on other low-cost turbofan engines like the GEK1500.
Kratos and GE Aerospace’s collaboration is poised to deliver mass propulsion solutions for a variety of defense applications, including unmanned aerial systems and collaborative combat aircraft. This move is expected to cater to some of the most pressing needs and requirements of United States National Security.
Eric DeMarco, President and CEO of Kratos, emphasized the company’s commitment to affordability and rapid capability delivery as key contributions to the industry-leading GEK offerings in partnership with GE Aerospace. Amy Gowder, President and CEO of Defense & Systems at GE Aerospace, also expressed enthusiasm for the continued collaboration and the acceleration of development across various classes of unmanned systems.
The partnership leverages Kratos’ over two decades of experience in developing affordable engines for UAS, drones, and missile platforms, while GE Aerospace brings a hundred years of expertise in propulsion technology and high-rate production capabilities. This combination is expected to bridge the gap from prototype to deployment, enhancing the production of cost-effective engines for unmanned platforms.
The market’s positive response to this announcement reflects investor confidence in the potential benefits of the Kratos and GE Aerospace alliance to meet the evolving needs of the defense sector.
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