Kratos Receives $8 Million Award for Specialized Missile Defense System
SAN DIEGO, Dec. 26, 2012 (GLOBE NEWSWIRE) -- Kratos Defense & Security
Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider,
announced today that it recently received a new $8 million order for
specialized equipment related to a certain Missile Defense program. Under this
award, Kratos will design, engineer, manufacture and deliver specialized
equipment related to the Missile Defense system. The equipment Kratos will be
providing will be produced in a secure Kratos manufacturing facility. Due to
customer-related and other considerations, no additional information will be
provided related to this recent contract award.
Eric DeMarco, President and CEO of Kratos, said, "A majority of Kratos'
business today is focused on specialized products, solutions and technology
supporting mission critical national security programs in the areas of missile
defense, electronic warfare, unmanned systems, aerial drones and satellite
communications. We are proud to have received this recent contract award for
specialized missile defense program related equipment."
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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