Kratos Receives $4 Million Product Order to Support Electronic Warfare Program
SAN DIEGO, Jan. 15, 2014 (GLOBE NEWSWIRE) -- Kratos Defense & Security
Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider,
announced today that its EWsT business unit in the Electronic Products (EP)
Division has recently received a $4 million contract award to provide
specialized simulation products in support of an electronic warfare program.
Kratos' Electronic Product Division is a leading provider of RF, Microwave,
DRFM and other specialized products that support national security related
platforms and programs. Due to customer related and other considerations, no
additional information will be provided related to this contract award.
John Chester-Parsons, site director of Kratos' EWsT, said, "Our entire team is
proud to have received this recent award in support of this important
customer. EWsT is a recognized leader in electronic warfare simulation and
test systems. Major orders in the last month totaling over $9M by multiple
customers and multiple nations validate the capability of our products to
support test requirements for next generation systems. Customers benefit from
the high performance and modularity of our simulators, as well as our
commitment to customer service and support. "
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 3,850. 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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