Kratos Receives $9.7 Million in Contract Awards for Multiple High Performance Unmanned Aerial Drone System Aircraft and Relat...
September 26 2017 - 7:00AM
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a
leading National Security Solutions provider, announced today that
its Unmanned Systems Division (USD) has recently received $9.7
million in contract awards from National Security related customers
for the production and delivery of multiple high performance
unmanned aerial drone system aircraft and related mission support,
technical, development and other services. USD is an industry
innovator and leading provider of affordable, high performance jet
powered unmanned aerial drone systems utilized for tactical
missions and target applications. Work under these contract
awards will be performed at secure USD manufacturing facilities,
customer sites, and other locations. Due to the nature of the
work being performed, customer related, competitive and other
considerations, no additional information will be provided related
these contract awards.
Steve Fendley, President of Kratos’ Unmanned
Systems Division, said, “Kratos is a recognized industry leader for
innovation and the rapid development, demonstration, and fielding
of high performance unmanned systems and products. We are
proud of our unique ability to consistently meet the challenging
low cost objectives of our Defense/Security customers for these
high performance jet Unmanned Aerial Systems and to be contributing
to the successful execution of their critical missions.”
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions, Inc.
(NASDAQ:KTOS) develops transformative, affordable technology for
the Department of Defense and commercial customers. Kratos is
changing the way breakthrough technologies for these industries are
brought to market through proactive research and a streamlined
development process. Kratos specializes in unmanned systems,
satellite communications, cyber security/warfare, microwave
electronics, missile defense, 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 25, 2016, 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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