Successful Operational and Flight Training Series of Kratos’ High Performance Unmanned Aerial Drone System Positions Compan...
September 14 2018 - 8:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
it has successfully completed in-depth training for operations,
maintenance, and flight/piloting for a key international customer
with our Firejet unmanned aerial target system and multiple mission
sets. Concluding with a series of training flights, these
recent efforts enable this customer to now independently maintain
and operate the high performance target drone system for their own
use and to provide operations for other users around the world,
positioning Kratos for significant increased sales of the Firejet
system globally. Kratos is the industry leader in affordable,
high performance unmanned aerial drone systems for tactical and
potential adversary threat representative target missions.
Steve Fendley, President of Kratos Unmanned
Systems Division, said, “We’re proud of the accelerating trend as
we expand the worldwide footprint of Kratos’ high capability
Firejet system and we look forward to further expansion in the
years ahead. Our team has worked hard on progressively
simplifying the operations and maintenance requirements and
continuously improving the reliability of the system to minimize
time the users spend on the target system itself, which results in
both a greater number of missions and drone time on station for our
customers.”
Eric DeMarco, President and CEO of Kratos, said,
“The recapitalization of strategic weapon systems to address peer
and near peer adversarial threats is driving strong demand for
Kratos’ high performance unmanned aerial target drone systems, both
with the U.S. Department of Defense and globally. Over the
next several months we expect to receive several long term,
multi-year contracts to address both our existing and potential new
customer requirements of evolving and an increasing number of
threats.”
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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