Kratos Defense and Security Solutions Inc (KTOS)

[str8_chuter]

The base value of the contract is $60 million but PR doesn't specify the period of performance.

Likely not all in one year. Assume at least 18 months, potentially 2 to 3 years. Not anything close to significant.

Forget the $23 million of options on the contract. Always assume those won't get funded, especially with the new administration that already has demonstrated the defense budget will have difficulty keeping pace with inflation in the next four years.

KTOS has a very long track record of issuing press releases for contract wins that are but a fraction of the headline numbers.