Kratos Awarded $3 Million Unmanned Aerial Drone System Contract
April 01 2014 - 7:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
its Advanced Drones & Target Systems (ADTS) Division was
recently awarded a $3 million contract to provide high performance
unmanned aerial drone aircraft and related support equipment. The
unmanned aerial drone systems ADTS will be providing will be
manufactured in a secure Kratos manufacturing facility. Due to
customer specific and other considerations, no additional
information is being provided related to this contract award.
Wayne Armstrong, President of Kratos' ADTS Division, said,
"Kratos is a premier provider of high performance unmanned aerial
systems, drones and targets, and we are proud to have received this
recent customer award."
About Kratos Defense & Security
Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a
specialized National Security technology Company providing mission
critical products, services and solutions for United States
National Security. Kratos' core capabilities are sophisticated
engineering, manufacturing and system integration offerings for
National Security platforms and programs. Kratos' areas of
expertise include Command, Control, Communications, Computing,
Combat Systems, Intelligence, Surveillance and Reconnaissance
(C5ISR), satellite communication systems, electronic warfare,
unmanned systems, missile defense, cyber warfare, cybersecurity,
information assurance, and critical infrastructure security. Kratos
has primarily an engineering and technically oriented work force of
approximately 3,800. The vast majority of Kratos' work is
performed on a military base, in a secure facility or at a critical
infrastructure location. Kratos' primary end customers
are National Security related agencies. News and information are
available at www.KratosDefense.com.
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are made on the basis of the current beliefs,
expectations and assumptions of the management
of Kratos and are subject to significant risks and
uncertainty, including risks related to product failure, general
economic conditions and cutbacks in spending. Investors are
cautioned not to place undue reliance on any such forward-looking
statements. All such forward-looking statements speak only as of
the date they are made, and Kratos undertakes no
obligation to update or revise these statements, whether as a
result of new information, future events or otherwise. For a
further discussion of risks and uncertainties that could cause
actual results to differ from those expressed in these
forward-looking statements, as well as risks relating to the
business of Kratos in general, see the risk disclosures
in the Annual Report on Form 10-K of Kratos for the year
ended December 29, 2013, and in subsequent reports on Forms
10-Q and 8-K and other filings made with
the SEC by Kratos.
CONTACT: Press Contact:
Yolanda White
858-812-7302 Direct
Investor Information:
877-934-4687
investor@kratosdefense.com
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