Kratos Receives $32 Million in National Security Program Awards
July 07 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 approximately
$32 million in contract awards for specialty products and systems
in support of certain National Security programs, including Radar,
Missile System and Warfighter support programs. KMSD, which will be
performing the work under these programs, 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.
Work performed under these contract awards will be performed at
secure Kratos manufacturing facilities. Due to customer
related and other considerations, no additional information will be
provided related to these programs.
Tom Mills, President of KMSD, said, "Our entire organization is
proud to have recently received these specialized product orders
supporting these incredibly important programs and National
Security focused customers. With these recent new program
orders, June 2014 KMSD bookings came in at approximately $64
million, a record for our organization, positioning KMSD for a
strong second half of fiscal 2014."
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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