Kratos Opens Facility in New South Wales, Australia Focused on Tactical and Target Unmanned Aerial Systems
April 05 2018 - 4:00PM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
it has opened a new facility in New South Wales, Australia near the
Naval Air Station HMAS Albatross to be the center of its emerging
Australian Defense business. With these facilities located in
Albatross Aviation Technology Park in Nowra, the company is well
positioned to support the evolving Australian UAS requirements.
Kratos is initially focused on Unmanned Aerial System
tactical/target and range support system opportunities, but has
identified opportunities in the country for each of its five
divisions.
Kratos celebrated its office opening along with
team partner Air Affairs celebration of its extensive new facility
expansion and headquarters relocation. Australian Defence
Minister Marise Payne attended the opening and expressed her
support for the Australian Defence Force (ADF): “Using aerial
target systems enables the ADF to undertake specialised training
effectively and efficiently, using realistic scenarios that ensure
our personnel have the skills needed to respond to any
threats.” Kratos and Air Affairs together offer the full
range of aerial target capability ranging from unmanned mid and
high performance jet target aircraft through to manned aircraft tow
target services.
A photo accompanying this announcement is available at
http://resource.globenewswire.com/Resource/Download/8ba4dc71-0280-402c-b4e3-2d74a59def76
Minister Payne added: “The Turnbull Government is investing
A$200bn in our defence capability over the next decade to ensure
the ADF is equipped to succeed in our challenging strategic
environment.”
Steve Fendley, Kratos’ Unmanned Systems Division
President, said, “Kratos is committed to supporting the ADF needs
with our range of tactical and target UAS primarily designed for
the US DoD with direct applicability to the ADF missions and
systems, many of which are common to both countries. With the
increased defense focus in Australia, and the low cost vs
performance ratio our UAS provide, we offer true leading
technology, capabilities, and performance all at an affordable
cost; directly applicable to the ADF objectives.”
A photo accompanying this announcement is available at
http://resource.globenewswire.com/Resource/Download/84120671-6331-481b-bf48-667844ed985d
Eric DeMarco, Kratos’ President and CEO,
said, “I am excited to be expanding our international
footprint and leveraging the (approximate) $85 million in
investments we have made to develop and field a suite of high
performance UAS which provide ideal solutions for both the US DoD
and many foreign defense agencies. Today’s announcement of our
Australian facility opening demonstrates continued commitment and
successful execution of our business plan to be the global leader
in high performance jet UAS.”
Kratos is recognized as being the industry
leader in high-performance, low-cost jet aerial target systems that
support the U.S. military and foreign ally military
customers/users, with its primary customers including the United
States Air Force, Navy, and Army. Kratos is currently under
contract on multiple high performance jet powered tactical unmanned
aerial drone systems. Kratos is an industry leader in the
rapid development, demonstration, and fielding of technology
leading systems and products for National Security at an affordable
cost.
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
technology 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
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
Kratos Defense and Secur... (NASDAQ:KTOS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Kratos Defense and Secur... (NASDAQ:KTOS)
Historical Stock Chart
From Sep 2023 to Sep 2024