11:15 AM EST, 01/08/2025 (MT Newswires) -- Kratos Defense & Security Solutions (KTOS) said Wednesday it obtained a $48 million contract to provide geolocation global support services.

The work on the contract will be carried out in Colorado Springs, Colorado, according to the technology company.

Kratos said it expects the work to be completed by Oct. 31, 2029.

Shares of the company were down 2.5% in recent trading.

Price: 27.91, Change: -0.70, Percent Change: -2.45