Kratos Selected for Navy’s $980 Million Training Systems IV Multiple Award Contract
August 23 2018 - 9:30AM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
it was awarded an Indefinite Delivery, Indefinite Quantity (IDIQ)
Training Systems Contract IV (TSC IV) by the Naval Air Warfare
Center Training System Division (NAWCTSD).
TSC IV is a multiple-award contract for new
training systems, modifications and upgrades to existing training
systems, complementary Instructional Systems Development (ISD) and
complementary Training Systems Support. The contract has a
potential value of $980 Million and a potential performance period
of up to nine years. TSC IV will be the Naval Air Systems Command’s
(NAVAIR) primary source of such systems.
To meet the training challenges of increasingly
sophisticated weaponry, tactics and readiness needs, Kratos
integrates the latest in Virtual Reality (VR), Augmented Reality
(AR) and Mixed Reality (MR) technology with its state-of-the-art
simulation systems and instructional design approaches to address a
broad spectrum of military training disciplines including many of
the requirements included in TSC IV.
Kratos’ warfighter training solutions for air,
ground and naval platforms comprise an extensive array of training
products and services, including the Kratos Aircrew Training Center
(KATC), where experienced Kratos instructors provide customers with
cost-effective training services such as rotary-wing aerial gunnery
and search and rescue to ensure mission readiness.
Jose Diaz, Senior Vice President of Kratos
Training Services (KTS) said: “With our selection to the TSC IV
contract we look forward to continue to support our Warfighter
Readiness with our innovative synthetic training environment (STE)
technologies that enable world class training solutions, which
lower costs, provide for rapid development and deliver
high-fidelity performance.”
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions,
Inc. (NASDAQ:KTOS) develops and fields transformative,
affordable technology, platforms and systems for United States
National Security related customers, allies and commercial
enterprises. Kratos is changing the way breakthrough
technology for these industries are rapidly brought to market
through proven commercial and venture capital backed approaches,
including proactive research and streamlined development
processes. Kratos specializes in unmanned systems,
satellite communications, cyber security/warfare, microwave
electronics, missile defense, hypersonic systems, training and
combat systems. For more information go to
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
31, 2017, and in subsequent reports on Forms 10-Q and 8-K and other
filings made with the SEC by Kratos.Press
Contact:Yolanda White858-812-7302 Direct Investor
Information:877-934-4687investor@kratosdefense.com
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