Kratos Receives $3 Million in Contract Awards to Build Two Satellite Earth Stations
September 18 2018 - 8:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
it has received $3 million in contract awards for design and build
of two Ku-Band earth stations for a certain customer.
Kratos will deliver two Ku-band earth station
solutions that include Kratos’ high-performance 5.0 meter and 6.2
meter Ku-band limited motion antenna systems and a Compass®
monitoring and control system. Kratos’ antenna solutions meet
strict customer requirements and are optimized to reduce complexity
and risk. This protects and maximizes operator infrastructure
investment by delivering faster time-to-market, faster
time-to-revenue and reduced costs. Compass® provides complete
monitor and control of devices for satellite and hybrid networks to
ensure the health and uptime of mission critical equipment.
The Kratos’ earth station solutions will be
pre-configured at Kratos’ controlled, off-site facility and
deployed at the customer’s location to provide higher quality and
accelerated market entry. Kratos’ satellite and space
products and systems support approximately 85 percent of U.S. space
missions and approximately 75 percent of the world’s commercial
space system operators, respectively.
“Satellite operators, both National Security
related and commercial, are facing a changing market dynamic with
the introduction of new services and the resulting impact on
bandwidth capacity and pricing. These dynamics reinforce the need
for operators to deploy modern, state-of-the-art earth station
solutions that are optimized to reduce costs and increase
performance,” said James Kramer, Kratos Senior Vice President.
Due to customer-related, competitive and other
considerations, no additional information is being provided
relative to these competitive contract awards.
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 |
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