Kratos Receives $4.2 Million Contract Award to Provide Specialized C5ISR Program Products to National Security Customer
September 24 2018 - 08:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
it has received a $4.2 million contract award for the production of
approximately 50 specialized systems in support of a Command,
Control, Communications, Computing, Combat, Intelligence,
Surveillance and Reconnaissance (C5ISR) program for a National
Security related customer. Kratos Modular Systems Division,
which received this contract award, is an industry leader in
providing specialized systems in support of unmanned aerial drone
system, missile defense, radar, satellite communications and other
C5ISR platforms and programs. Work under this recent contract
award will be performed in a secure Kratos manufacturing
facility. Due to customer related, competitive and other
considerations, no additional information will be provided related
to this recent contract award.
Tom Mills, President of Kratos Modular Systems
Division, said, “Our business is focused on supporting our national
security customers and their mission critical programs, and our
entire organization is proud to have received this recent contract
award.”
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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