Kratos Receives $10.2 Million Unmanned Drone Systems Contract Award from U.S. Government Agency
June 13 2018 - 7:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
its Unmanned Systems Division (USD) recently received a sole source
single award engineering services contract with a maximum potential
value of $10,200,000 from a U.S. Government Agency related to
unmanned drone systems and associated command, control, and
communications. The contract has a period of performance of 5
years. USD is an industry leader in the rapid design, development
and fielding of affordable high performance jet powered unmanned
aerial drone systems for tactical, combat and target applications.
Work under this contract will be performed at secure Kratos’
facilities and at government locations. Due to competitive,
customer related and other considerations, no additional
information will be provided at this time.
Steve Fendley, President of Unmanned Systems
Division, said, “This recent contract award is an important
component of the ongoing execution of our unmanned systems strategy
that we have successfully pursued. All of Kratos’ Unmanned
Systems Division is proud to support this long term National
Security customer.”
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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