Kratos Awarded $54 Million Contract to Provide Marine Common Aircrew Trainers (MCAT)
September 12 2016 - 4:00PM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
it was awarded a $54 million contract to provide five Marine Common
Aircrew Trainers (MCATs) to the United States Marine Corps (USMC).
The contract was awarded directly to Kratos under the U.S. Navy
Training Systems Contract III, LOT I, Naval Air Warfare Center
Training Systems Division (NAWCTSD).
Designed to train USMC CH-53E (Super Stallion),
MV-22B (Osprey) and UH-1Y (Venom) enlisted aircrews, the MCAT
provides for a single training device that can be reconfigured for
each of those platforms. Marines will use the MCAT to train in a
variety of aircrew skills to support mission readiness, including
aerial gunnery, external lift operations, combat scenarios,
standard and emergency flight procedures, hoist operations and crew
coordination in simulated day or night all-weather conditions.
Kratos will provide engineering, manufacturing,
development and initial support of the MCATs, which will be used as
part of the USMC’s Aviation Training System (ATS).
“The MCAT will leverage Kratos’ years of experience
developing aircrew training systems and the most comprehensive
technology solution sets we have developed through our research and
development efforts,” said Jose Diaz, SVP, Kratos Training
Solutions. “Advancing Aircrew Training solutions will continue to
be one of our primary focuses to provide our customers with the
latest technology that maximizes their training proficiency and
return on investment.”
“It is extremely gratifying to see the Marine Corps
place their confidence in our Training group,” said Phil Carrai,
President of Kratos Technology & Training Solutions.
“Especially as it comes so closely on the heels of other
significant training systems wins for us both in the U.S. armed
services as well as our allies. Training is one of the fastest
growing areas in our defense business, and that growth is coming in
our specialty areas of aircrew and maintenance training, as well as
other mission critical applications across the DoD. Our reputation
as a team that can develop creative solutions that optimize both
training performance outcomes and economic value is one of the
biggest reasons.”
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 to 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 2,800. 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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