Kratos Receives $55 Million in Space and Satellite Communications Contract Awards
May 23 2018 - 08:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
it has recently received a number of space and satellite
communications contract awards totaling approximately $55
million. Work performed under these awards is expected to be
substantially completed over the next 12 months.
The awards include Kratos products and services
across a wide variety of technology application domains that are
critical to defending space operations and assuring global
satellite communication for the United States and its allies, as
well as commercial operations that are essential to national
security. They include solutions for satellite command &
control, signal monitoring, end-to-end service assurance,
cloud-enabled architectures and other applications.
Phil Carrai, President of Kratos’ Space,
Cybersecurity and Training business, said, “The breadth of products
and technologies Kratos is applying in these awards, ranging from
industry-leading COTS products to tailored waveforms for
mission-specific applications, is the best evidence that the space
industry is experiencing a dramatic period of innovation. That
innovation is being driven by factors equally diverse, among them
small satellites, HTS satellites, new challenges to space dominance
and renewed interest in space around the globe, yet unifying them
all are Kratos products that assure the availability, reliability
and security of space missions. In an increasingly crowded and
contested environment, it is becoming increasingly clear that the
ability to defend and operate in space will depend more and more
upon the ability to manage from the ground.”
Kratos products support more than 85 percent of
United States space missions, and are used by more than 75 percent
of global satellite operators. Kratos owns and operates the largest
global, commercial network of space-focused Radio Frequency (RF)
sensors employed to help customers identify, locate and mitigate
interference challenges. The company recently announced it has
begun leveraging this network to offer new Space Situational
Awareness (SSA) services to bring additional clarity and
insight to operations in the space environment for its
customers.
Due to customer related, competitive and other
considerations, no additional information will be provided related
to these contract awards.
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
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