Kratos Unmanned Systems Solutions Division Receives $11.5 Million in Specialty
Product Orders for Unmanned Aerial Vehicle and Other Programs
SAN DIEGO, April 3, 2013 (GLOBE NEWSWIRE) -- Kratos Defense & Security
Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider,
announced today that its Unmanned Systems Solutions Division (KUSS) has
recently received $11.5 million in specialty product orders related to certain
Unmanned Aerial System and other programs. Kratos' USS division produces some
of the world's most advanced, unmanned aerial systems and drones, electronics,
avionics, ground control and support products and equipment. The products to
be produced under these orders will be manufactured in secure Kratos
manufacturing facilities. Due to the nature of the products being produced by
Kratos, specific customer and other related considerations, no additional
information regarding these product orders is being provided.
Richard Selvaggio, President of Kratos Unmanned Systems Solutions, said, "We
are proud to support these important and strategic customers in the successful
execution of their missions."
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
4,300. 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
product failure, general economic conditions and cutbacks in 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 30, 2012, and in subsequent reports on Forms 10-Q and 8-K
and other filings made with the SEC by Kratos.
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