Kratos Receives Unmanned Ground, Sea, and Aerial Target System Contract Awards Totaling in Excess of $2 Million
February 08 2016 - 7:00AM
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a
leading National Security Solutions provider, announced today that
its Micro Systems, Inc. subsidiary of the Kratos Unmanned Systems
Division (USD) recently received a series of contract modifications
from the U.S. Army totaling $2.0 million in additional engineering
services option hours and hardware production in support of the
Army Ground Aerial Target Control System (AGATCS), Target Vehicle
Control Equipment, and associated ancillary equipment. These
modifications further extend the impressive capabilities of the
AGATCS control system which provides command and control of
unmanned air, ground, and sea surface target vehicles.
Kevin Ferguson, Senior Vice President of Micro Systems, Inc.,
said, "Micro Systems is excited to have the opportunity to expand
the already impressive capabilities of AGATCS and our unmanned
vehicle product line. We are very pleased to continue our
long term relationship with the U.S. Army’s Targets Management
Office that has spanned 30 years. Lasting relationships
such as this are an indication of the quality of our people and
products and our focus on our customer’s needs.”
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions, Inc.
(Nasdaq:KTOS) is a specialized 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 and Intelligence, Surveillance and Reconnaissance (C5ISR)
systems, satellite communications, electronic warfare, unmanned
systems, hypersonic systems, directed and high power energy
systems, electromagnetic railgun, missile defense, cyber warfare,
cybersecurity, information assurance, and critical infrastructure
security. Kratos has primarily an engineering and technically
oriented workforce of approximately 3,000. 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
StatementsCertain 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 28, 2014, and in subsequent reports on Forms 10-Q and
8-K and other filings made with the SEC by Kratos.
Press Contact:
Yolanda White
858-812-7302 Direct
Investor Information:
877-934-4687
investor@kratosdefense.com
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