Kratos Receives $4 Million Unmanned Aerial Drone System Award
April 07 2014 - 7:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
its Micro Systems, Inc. subsidiary, of its Advanced Drones and
Target Systems Division, recently received a contract from the U.S.
Army valued at $4 million to produce unmanned aerial drone command
and control systems. Under the new award, Kratos will produce
portable and transportable configurations of the U.S. Army's
unmanned target drone command and control stations and associated
test equipment. Kratos is a premier provider of high performance
unmanned drone aircraft and these systems' related avionics,
electronics, command and control systems, solutions, services and
logistics.
Kevin Ferguson, Senior Vice President of Micro Systems, Inc.,
said, "Micro Systems is pleased that the U.S. Army's Targets
Management Office (TMO) has issued a delivery order for unmanned
target command and control systems. We have enjoyed an outstanding
relationship with the TMO since 1987 and hope to continue this
relationship far into the future. We believe that our business
is very well positioned to meet or exceed our customers'
requirements for high performance unmanned aerial drone command and
control electronics and support services."
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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