Kratos Receives Critical Infrastructure Security Contract Award With Total
Potential Value of $6.5 Million
Initial Funding of Approximately $3.3 Million Received for Public School
System Security Deployment
SAN DIEGO, July 8, 2013 (GLOBE NEWSWIRE) -- Kratos Defense & Security
Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider,
announced today that its Public Safety & Security Solutions (PSS) Division
recently received a critical infrastructure security contract with total
potential value of $6.5 million for a security system deployment by a public
school system located in the United States. Under the new contract award,
Kratos will design, engineer, deploy and integrate into command and control
infrastructure a specialized security system tailored specifically to this
customer's unique security requirements. The security system to be deployed
will include video surveillance, video analytics, access control and other
security related assets. Kratos has already received initial funding of
approximately $3.3 million under the contract award. Due to the nature of this
security system deployment, customer related and other considerations, no
additional information will be provided related to this contract award.
Ben Goodwin, President of Kratos PSS said, "Our entire organization is excited
about this recent public school security system contract award. We take great
pride in protecting some of our country's most valuable and important assets,
our educational facilities, faculty and students."
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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