Kratos Awarded $8 Million Contract to Provide Contractor Logistics Support for Naval Training Devices
May 05 2016 - 7:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
it was awarded an $8 million contract to provide logistics support
for naval training devices for an unnamed international customer.
Under the awarded contract, Kratos will provide lifecycle support,
including operational assessments, engineering and maintenance for
the customer.
“This award extends Kratos’ global growth in
training solutions for defense systems and applications,” said Jose
Diaz, Senior Vice President of Kratos Training Solutions.
“Effective training is essential in this arena because these are
important naval platforms for our customer, and they represent
technologies and domains where Kratos has considerable expertise.
It is gratifying to receive this award so closely on the heels of
recent multi-million dollar contracts awarded for virtual reality
technologies and technology-enabled language training for other
international customers.”
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions, Inc.
(Nasdaq:KTOS) is a mid-tier government contractor at the forefront
of the Department of Defense’s Third Offset Strategy. Kratos
is a leading technology, intellectual property and proprietary
product and solution company focused on the United States and its
allies’ national security. Kratos is the industry leader in
high performance unmanned aerial drone target systems used to test
weapon systems and train the warfighter, and is a provider of high
performance unmanned combat aerial systems for force multiplication
and amplification. Kratos is also an industry leader in
satellite communications, microwave electronics, cyber
security/warfare, missile defense and combat systems. Kratos
has primarily an engineering and technically oriented work force of
approximately 2,700. 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. 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. Although Kratos believes
that the expectations reflected in these forward-looking statements
are reasonable, these statements involve many risks and
uncertainties that may cause actual results to differ materially
from what may be expressed or implied in these forward-looking
statements. 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 27, 2015, 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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