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Kratos Defense & Security Solutions, Inc. [KTOS] has delivered the first of 45 BQM-177A year one subsonic aerial target systems for the Navy, the company and service announced this week.The target systems are being delivered under a $37 million first year low-rate initial production (LRIP) contract for aircraft meant to simulate cruise missile targets. Last February, the Navy awarded Kratos a $24 million contract option for year two covering an additional 30 aircraft.Last week the Naval Air Systems Command posted…
