Kratos Defense & Rocket Support Services, Inc., and Space Vector Team Receive $424 Million Multi-Award Contract for U.S. Air ...
December 12 2018 - 4:00PM
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a
leading National Security Solutions provider, announced today that
its winning team, led by Space Vector Corporation, recently
received an indefinite-delivery/indefinite-quantity (IDIQ) contract
to support the U.S. Air Force’s Sounding Rocket Program-4
(SRP-4). The seven-year contract has a total potential value
of up to $424 million, which is available to Kratos/Space Vector
and one other awardee. The Space Vector and Kratos team will
provide system engineering, vehicle design, manufacturing,
integration and launch support services for sub-orbital rocket
vehicles supporting prototype weapon systems development and
missile defense system target tests. 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.
“The Kratos team brings a highly knowledgeable
team with extensive experience delivering advanced rocket solutions
to support emerging experimental and national security mission
requirements for NASA and the Department of Defense,” said Dave
Carter, President for KDRSS. “Kratos is extremely excited to
work with the Space Vector team to deliver affordable and reliable
suborbital vehicle solutions for advanced targets and future
hypersonic test 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
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