
Kratos Defense & Security Solutions [KTOS] and Israel’s RAFAEL Defense Systems on Wednesday said they have formed a joint venture to become a U.S.-based merchant supplier of solid rocket motors (SRMs), joining a crowding field of legacy and startups vying to meet Defense Department demand that exceeds current supply. Prometheus Energetics, an “approximate 50-50” partnership, will be based on a 500-acre site near a Navy and Army facility in Crane, Ind. The companies are contributing a combined $175 million to…