Kratos Awarded SeaPort Next Generation Multiple-Award IDIQ Prime Contract $5 Billion in Total Procurement Opportunities Over ...
December 06 2018 - 9:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
its Defense & Rocket Support Services Division has been awarded
a SeaPort Next Generation (SeaPort NxG) prime contract to provide
Engineering and Program Management support services to the U.S.
Navy and Marine Corps.
SeaPort NxG is the Navy’s primary Multiple-Award
Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract for
soliciting Contractor support services. This SEAPORT-E
follow-on contract vehicle has a five-year base and five-year
option ordering period, with a potential value of $5 billion per
year or $50 billion over the 10 year contract life span for all
Seaport NxG awardees, to procure future support services
requirements.
Dave Carter, President of the Kratos’ Defense
& Rocket Support Services Division, said, "This award provides
Kratos the opportunity to respond to future Navy Surface Warfare
requirements. Kratos looks forward to providing quality
Engineering and Program Management services to the U.S. Navy and
Marine Corps.” Kratos is an industry leader
in the rapid design, development and fielding of technologically
advanced, affordable systems. Kratos, through its Defense
& Rocket Support Services Division (KDRSS) is a leading
provider of products, solutions, and services supporting ballistic
missile defense, hypersonics, Aegis, AMDR, sounding rockets,
directed energy and other national security and scientific
programs.
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 a streamlined development process. 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