Kratos Successfully Performs Demonstration and Test Flights With High Performance Unmanned Aerial Drone and Target Systems, I...
December 16 2014 - 7:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
its Unmanned Systems Division (KUSD) has recently successfully
completed a number of test and demonstration flights of two models
of the Company's high performance unmanned aerial drone and target
system platforms. The multiple flight missions were performed at a
government range facility and included a number of high
performance, high and low altitude maneuvers, the deployment of
countermeasure systems, tow target systems and the engagement of
missile and radar system assets. The recent flights also
included the successful demonstration of certain new capabilities
for one of Kratos' newest high performance aircraft, including the
deployment of towed target systems. The successful flights
were attended by a number of government and customer personnel,
including potential new international customers. KUSD is a
leading provider of unmanned aerial drone and target systems, which
are designed to represent certain of the United States and its
allies' potential peer or near peer adversaries' most sophisticated
manned and unmanned aircraft, missile system and other
threats. KUSD is also a leading provider of unmanned aerial,
unmanned ground and unmanned seaborne vehicle command, control and
communication systems, avionics, flight termination systems and
electronics.
Jerry Beaman, President of KUSD, said, "Our entire organization
is proud to have successfully participated in and executed these
recent test and demonstration flights with certain of our highest
performance unmanned aerial drone and target system platforms,
including one of Kratos' newest type of aircraft. We believe
that these successful flights, in addition to satisfying existing
customer requirements, will result in a number of new opportunities
for our Company, including several with potential new international
customers."
Eric DeMarco, President and Chief Executive Officer of Kratos
Defense & Security Solutions, said, "These recent successful
flights of our high performance unmanned aircraft represent
important progress for our Company's unmanned systems
initiative. Additionally, we recently received a number of
important unmanned drone or target system contract awards,
including with the U.S. Air Force, representing one of the most
important customers and programs for our Company, and our new
unmanned combat aerial system (UCAS) or unmanned tactical aerial
platform (UTAP) remains on track for test and demonstration flights
in the second half of 2015."
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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