GE Aerospace Partners with Kratos for JASSM Engine Development

The United States Air Force has selected a team comprised of GE Aerospace and Kratos Defense & Security Solutions, Inc. to support the propulsion needs of a long-range missile system. The collaboration focuses on the Joint Air-to-Surface Standoff Missile (JASSM), a precision-strike weapon utilized by the U.S. military.

Kratos Defense & Security Solutions, listed on the market with a capitalization of approximately $12.12 billion, specializes in technology and hardware for the defense sector. The company is slated to supply a small turbojet engine designed for the missile system. This component works in conjunction with the integration efforts led by GE Aerospace, a major player in the aerospace and defense industry.

As of the latest trading session, Kratos shares maintained a value of $61.99, showing no change from the previous close. The stock remains a component of the Industrials sector, specifically within the Aerospace & Defense industry.

The JASSM program is a critical element of the Air Force’s inventory, designed to engage high-value, well-defended targets from standoff distances. The integration of reliable propulsion systems is essential for the operational readiness of such munitions. The specific financial terms of the agreement between the contractors and the government were not detailed in the announcement.

What to watch

• Future contract modifications or definitization regarding the JASSM propulsion system.
• Integration milestones announced by GE Aerospace and Kratos.
• Upcoming earnings reports where Kratos may detail revenue contributions from this program.

Source: original release