Kratos Receives $14 Million National Security Program Award
July 01 2014 - 07:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
its Modular Systems Division (KMSD) recently received an
approximately $14 million new contract award for secure, hardened
and protected transportable facilities in support of a certain
United States National Security program. KMSD, which will be
performing the work under this program, is an industry leader in
the design, engineering, manufacture, and integration of specialty
modular systems and products that support mission critical United
States National Security programs and those of our allies. KMSD
products support leading technology and disruptive programs,
including unmanned systems, intelligence, surveillance and
reconnaissance platforms, radar and missile systems, the
electromagnetic rail gun and chemical, biological, radiation,
nuclear and explosive (CBRNE) sensing programs.
Under the new program award, Kratos will be providing
specialized secure, protected and hardened transportable
facilities, products and systems in support of a certain U.S.
Government program. Work performed under this contract award will
be performed at secure Kratos manufacturing facilities. Due to
customer related and other considerations, no additional
information will be provided related to this program.
Tom Mills, President of KMSD, said, "We are proud to have
received this recent order to provide these critically important
secure and hardened facilities in support of this U.S. National
Security initiative."
About Kratos Defense & Security
Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a
specialized National Security technology Company providing mission
critical products, solutions and services 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 3,600. Substantially all 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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