Kratos Receives $29.5 Million Award to Provide IT Services in Support of the
TRICARE Management Activity Defense Health Information Management System
SAN DIEGO, Nov. 13, 2012 (GLOBE NEWSWIRE) -- Kratos Defense & Security
Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider,
announced today that it has received the go ahead to provide IT services in
support of the TRICARE Management Activity Defense Health Information
The $29.5 million contract was awarded to Kratos in September but was held up
as the Government Accountability Office (GAO) considered a protest from the
incumbent holder of the contract, whose claims were rejected by GAO.
"We are honored to receive this award and are excited to begin the work of
providing project management services to help the military deliver a
world-class health information management system for service members, their
families, Combatant Commands and the user community," said Michael Smith,
Senior Vice President of Enterprise Technology at Kratos.
The scope of work for the IT task order includes the delivery of management,
testing, integration and development services to support new and updated
software applications for the Military Health System.
About Kratos Technology & Training Solutions, Inc.
Kratos Technology & Training Solutions (KTTS) specializes in assuring the
readiness, reliability and operational effectiveness of Warfighter and C5ISR
systems by supplying Information Technology, Communications and lifecycle
training solutions to its defense, government and commercial customers. KTTS
helps organizations optimize their performance by improving training outcomes
while reducing training time and costs, empowering a workforce that is fully
equipped to maintain critical systems availability. Kratos defines, develops
and delivers the optimal blend of media, from computer-based training and
game-based simulations to full-fidelity training systems, applying advanced
workforce competency and instructional design capabilities so that
organizations can meet and exceed mission performance goals. In Information
Technology, KTTS develops, delivers and integrates products and services that
assure the reliability, availability and security of mission-critical
technology and communications infrastructure.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized
National Security technology business providing mission critical products,
services and solutions for United States National Security. Kratos' core
capabilities are sophisticated engineering, manufacturing and system
integration offerings for National Security platforms and programs. Kratos'
areas of expertise include Command, Control, Communications, Computing, Combat
Systems, Intelligence, Surveillance and Reconnaissance (C5ISR), satellite
communication systems, unmanned systems, cyber warfare, cybersecurity,
information assurance, and critical infrastructure security. Kratos has
primarily an engineering and technically oriented work force of approximately
4,400. The vast majority of Kratos' work is performed on a military base, in a
secure facility or at a critical infrastructure location. Kratos' primary end
customers are national security related agencies. News and information are
available at www.KratosDefense.com.
The Kratos Defense & Security Solutions, Inc. logo is available at
Notice Regarding Forward-Looking Statements
Certain 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, including risks related to
general economic conditions and cutbacks in government spending. 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. 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 25,
2011 and in subsequent reports on Forms 10-Q and 8-K and other filings made
with the SEC by Kratos.
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