Kratos Receives $67.5 Million Single Award Prime Contract to Support NSWCDD Radar Systems Division
September 04 2018 - 9:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
its Advanced Naval Weapon System Business Unit, a part of the
Kratos Defense & Rocket Support Services Division, was awarded
a single award contract in the amount of $67,465,292 to provide
engineering and technical support services to the Naval Warfare
Center, Dahlgren Division (NSWCDD) Electromagnetic and Sensor
Systems Department (B Department) through their Radar Systems
Division (B40).
The award is a five year contract that includes
a base year and 4 one year options. Kratos will provide Radar
System engineering and technical support services at NSWCDD test
facilities, Kratos facilities and in the field. Supported
Radar work areas include: Requirements Development and Analysis,
Systems Engineering, Software Development, Antenna Design, Signal
Processing, Radar Operation, and Test and Evaluation. These
services will be provided in support of existing, near term and
out-year projects/programs, technology development, technology
insertions, prototyping and technology demonstrations and related
acquisition efforts.
Tim Harmon, Vice President of the Advanced Naval
Weapon Systems Business Unit, said, "We are very pleased to
continue our long-standing support of the NSWCDD engineering
community. This contract award allows Kratos to apply our
solid engineering and technical skills to support the Navy’s most
advanced radar programs.”
Dave Carter, President of the Kratos Defense
& Rocket Support Services (KDRSS) Division, said, "This
contract award is an important milestone in our commitment to
rebuilding superior engineering support to the NSWCDD and the
warfighter."
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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