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 Management System. 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 http://www.globenewswire.com/newsroom/prs/?pkgid=3519 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. CONTACT: Press Contact: Yolanda White 858-812-7302 Direct Investor Information: 877-934-4687 firstname.lastname@example.org Kratos Logo
Kratos Receives $29.5 Million Award to Provide IT Services in Support of the TRICARE Management Activity Defense Health
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