:

Business/Financial

Kratos Plans To Transform, Disrupt Small Jet Engine Market With Deal For Florida Turbine Technologies

By Cal Biesecker

Thursday, February 28th, 2019

SHARE:

Kratos Plans To Transform, Disrupt Small Jet Engine Market With Deal For Florida Turbine Technologies

Kratos' new engine company makes small jet engines for unmanned aircraft and cruise missiles. Photo: Kratos

In a deal that will give it an organic small jet engine capability with affordable, leading edge capabilities, Kratos Defense & Security Solutions [KTOS] has acquired a majority stake in Florida Turbine Technologies, Inc. (FTT) for $60 million. Kratos sees FTT’s design, development and manufacturing capabilities in small turbofan and turbojet engines as a market disruptor and plans to grow and expand the business onto a range of platforms that include tactical missiles and tactical unmanned aircraft systems (UAS). FTT…

Congress

HASC Wants Info On Army’s Plans To Pursue Autonomous Aerial Delivery, Surface Vessels For Logistics

The House Armed Services Committee (HASC) added several measures to its version of the next defense policy bill seeking more details from the Army on efforts to develop future logistics […]

Congress

McConnell: “Safe To Conclude There Will Not Be A Third Reconciliation Bill”

Two top GOP senators on the Senate Appropriations Committee are opposing a third reconciliation bill. The Trump administration’s total $1.5 trillion fiscal year 2027 defense request is split between $1.15 […]

Congress

HASC’s Final FY ‘27 NDAA Expands Systems Eligible For Multi-Years, Includes LTAMDS, IBCS, ARRW

House defense authorizers added a measure to their version of the next defense policy bill that would expand the list of weapons platforms eligible for multi-year contracts, to include the […]

Congress

HASC Bill Would Allow Air Force To Buy More Than 267 F-15EXs

The House Armed Services Committee’s (HASC) fiscal 2027 defense authorization bill would allow the Air Force to buy more than 267 F-15EX fighters by Boeing [BA] and would extend the […]