GE Aerospace (NYSE: GE) and Kratos Turbine Technologies, part of Kratos Defense & Security Solutions, Inc., have agreed to work together on small, affordable engines. These engines could be used for unmanned aerial systems (UAS) and other similar aircraft.
For the past year, GE Aerospace and Kratos have been developing a small engine. Kratos initially developed and tested the engine. Now, both companies are working on further development and testing. Next year, they will conduct altitude tests at GE Aerospace’s facility in Ohio.
Amy Gowder, President and CEO of Defense & Systems at GE Aerospace, said that their defense customers are looking for small, affordable engines. She mentioned that their initial collaboration with Kratos was very successful.
Eric DeMarco, President and CEO of Kratos, highlighted that Kratos has invested heavily in developing low-cost jet engines for drones, missiles, and munitions. He values the partnership with GE Aerospace and sees a potential for producing thousands of these engines.
Kratos has over 20 years of experience in making small jet engines, while GE Aerospace has over 100 years of experience in developing and producing jet engines. GE Aerospace is a global leader in aerospace propulsion, with around 44,000 commercial and 26,000 military aircraft engines in use. They have a team of 52,000 employees focused on innovation in flight technology.
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a company that develops technology and products for defense and commercial markets. They focus on affordable and innovative solutions for their customers’ needs. Kratos works on various projects, including drones, missiles, and virtual training systems for the military.
