Kratos Announces New Director as Part of Ongoing Board Refresh and Augmentation Process
April 03 2024 - 4:08PM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
Technology Company in the Defense, National Security and Global
Markets, today announced an update related to its Board of
Directors. As the result of an ongoing Board augmentation and
refreshment process, the Company has appointed Brigadier General
(Retired) Bobbi Doorenbos to the Kratos Board of Directors,
effective March 28, 2024. General Doorenbos brings significant
relevant and diverse experience and expertise to the Kratos
Board.
In her nearly 25 years of distinguished military
service, General Doorenbos has served in leadership positions in
the White House, Headquarters Air Force, and National Guard Bureau.
Her experience includes time as a Special Assistant to Vice
President Biden for Defense Policy and Intelligence Programs, as a
White House Fellow serving alongside the Secretary of Agriculture,
and as Military Deputy for Air Force Training and Readiness where
she had responsibilities over Air Force’s operational training
infrastructure, readiness and reporting, and aircrew management.
General Doorenbos also served as the Wing Commander of the 188th
Wing, overseeing its transition from the manned A-10 Warthog to the
unmanned MQ-9 Reaper, Intelligence Analysis and Targeting missions.
Prior to that, she led the 214th Reconnaissance Group at Davis
Monthan Air Force Base as it gained MQ-1s and stood up a Launch and
Recovery unit at Fort Huachuca, Arizona. General Doorenbos joined
the Air Force as an F-16 pilot, and is one of a small handful of
the first women to fly fighter aircraft. As a pilot in both the
Sioux City, Iowa and Washington, D.C. Air National Guard units, she
participated in Operations SOUTHERN WATCH, NOBLE EAGLE, and IRAQI
FREEDOM, and has extensive experience at the National Guard Bureau
in the Operations, Intelligence, and Requirements/Acquisitions
Directorates. General Doorenbos graduated from Iowa State
University with a B.B.A. in Finance, then went on to graduate with
a M.S. in Strategic Intelligence from the Defense Intelligence
Agency’s National Defense Intelligence College, and an Executive
MBA from the University of Virginia’s Darden School of Business.
General Doorenbos has extensive current and previous Board
experience, with service on the Boards of the White House Fellows
Foundation and Association, the National Guard Association, and
STEM Flights, a 501(c)(3) nonprofit organization dedicated to
educating high school students about STEM career fields in
aviation. She is also a Senior Advisor with The Roosevelt Group, a
public speaker, executive coach, and a commercial airline pilot,
flying the Airbus 320.
"We are pleased to welcome General Doorenbos to
the Company’s Board of Directors. Her appointment reflects the
Board’s commitment over the last several years to add directors
with important relevant experience to our business and industry,"
said Amy Zegart, Chair of the Board’s Nominating & Governance
Committee. "Bobbi’s depth of knowledge and experience as a defense
and intelligence security policy advisor, as well as a military
operator and fighter pilot with the Air Force, brings additional
and new perspectives into the Kratos Board room. We look forward to
working with her as we continue to execute our strategy to be the
premier technology, product and software-based company in the
defense, national security and global markets.”
Bill Hoglund, Chairman of the Company’s Board of
Directors, said, “We welcome Bobbi to the Kratos Board of
Directors. Bobbi brings tremendous insights and experience to our
board and, along with the other Directors, will be vital to our
decision-making processes as we further the Company's momentum as a
leading technology provider, driving long-term growth and value
creation for all Company stakeholders.”
About Kratos Defense & Security
Solutions, Inc.Kratos Defense & Security Solutions,
Inc. (NASDAQ: KTOS) is a technology, products, system and
software company addressing the defense, national security, and
commercial markets. Kratos makes true internally funded research,
development, capital and other investments, to rapidly develop,
produce and field solutions that address our customers’ mission
critical needs and requirements. At Kratos, affordability is a
technology, and we seek to utilize proven, leading-edge approaches
and technology, not unproven bleeding edge approaches or
technology, with Kratos’ approach designed to reduce cost, schedule
and risk, enabling us to be first to market with cost effective
solutions. We believe that Kratos is known as an innovative
disruptive change agent in the industry, a company that is an
expert in designing products and systems up front for successful
rapid, large quantity, low-cost future manufacturing which is a
value-add competitive differentiator for our large traditional
prime system integrator partners and also to our government and
commercial customers. Kratos intends to pursue program and
contract opportunities as the prime or lead contractor when we
believe that our probability of win (PWin) is high, and any
investment required by Kratos is within our capital resource
comfort level. We intend to partner and team with a large,
traditional system integrator when our assessment of PWin is
greater or required investment is beyond Kratos’ comfort level.
Kratos’ primary business areas include virtualized ground systems
for satellites and space vehicles including software for command
& control (C2) and telemetry, tracking and control (TT&C),
jet powered unmanned aerial drone systems, hypersonic vehicles and
rocket systems, propulsion systems for drones, missiles, loitering
munitions, supersonic systems, space craft and launch systems,
C5ISR and microwave electronic products for missile, radar, missile
defense, space, satellite, counter UAS, directed energy,
communication and other systems, and virtual & augmented
reality training systems for the warfighter. For more information,
visit 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, 2023, 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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