Kratos Awarded $3.3 Million Contract to Provide Tactical Instrument Landing
Systems to the U.S. Navy
SAN DIEGO, July 1, 2013 (GLOBE NEWSWIRE) -- Kratos Defense & Security
Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider,
announced today that its Electronic Products Division has received an option
award valued at $3.3 million to supply AN/ARA-63 Tactical Instrument Landing
Systems (TILS) for both the F/A-18E/F/G and E-2D Naval aircraft. The award to
Kratos' Herley Lancaster operation is the second of a two-year requirements
contract issued by the U.S. Navy.
The AN/ARA-63 TILS is a microwave landing system that provides precise
elevation and azimuth guidance information necessary for critical aircraft
carrier landings. The Tactical Instrument Landing System began as an initial
multi-year contract for the F/A-18E/F Boeing 'Super Hornet' and was expanded
to cover the E/A-18G 'Growler' jammer aircraft and the E-2D 'Advanced Hawkeye'
radar surveillance aircraft.
Kratos' Electronic Products Division President, Richard Poirier, commented,
"We are very proud of the fact that Kratos and Herley Industries have supplied
Tactical Instrument Landing Systems to the U.S. Navy since 1995. The AN/ARA-63
TILS continues to be an important program for us."
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized
National Security technology Company 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, electronic warfare, unmanned systems, missile defense,
cyber warfare, cybersecurity, information assurance, and critical
infrastructure security. Kratos has primarily an engineering and technically
oriented work force of approximately 4,100. 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.
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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