Kratos Defense & Security Solutions Inc. received a $14.5 million contract from the U.S. Department of Education. Under the deal, Kratos (Nasdaq: KTOS) will lead a team of subcontractors to establish the department’s Teacher Incentive Fund Center for Educator Effectiveness.

Kratos said the $10.5 million contract had an optional tasking for another $4 million.

— SDBJ Staff Report