Kratos Awarded C4ISR Training Support Multiple Award Contract With $35 Million
Potential Value by Space and Naval Warfare Systems Center Pacific
Indefinite Delivery Indefinite Quantity Contract Award Enhances Opportunities
to Develop Strategic C4ISR Training
SAN DIEGO, May 1, 2014 (GLOBE NEWSWIRE) -- Kratos Defense & Security
Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider,
announced today that it has received an indefinite delivery indefinite
quantity (IDIQ) contract for the Space and Naval Warfare Systems Center
Pacific (SSC Pacific) C4ISR Training Support Multiple Award Contract (MAC).
The SSC Pacific C4ISR Training Support Contract, inclusive of all awarded
contracts and ordering periods, has a total ceiling value of $35 million with
a three-year ordering period.
The award allows Kratos to compete for task orders across all manpower,
personnel, and training functions associated with SPAWAR strategic programs
and product lines. This multiple award contract was designed to provide
training support to SSC Pacific, Space and Naval Warfare Systems Command
(SPAWAR), Naval Air Systems Command (NAVAIR), Naval Supply Systems Command
(NAVSUP) and Naval Sea Systems Command (NAVSEA) in support of SPAWAR systems
and products integrated on their platforms.
The C4ISR Training Support MAC will accommodate delivery of products and
services to include all forms of training systems and solutions, including
virtual training systems, simulators, interactive multimedia instruction,
instructional system design, instructor-led training, blended learning
solutions, and training assessments. The SSC Pacific C4ISR Training Support
MAC also provides manpower, personnel and training technical support services
to programs within the SPAWAR enterprise.
"Kratos brings a highly knowledgeable team with extensive experience
delivering effective learning solutions and training systems for strategic
C4ISR platforms and capabilities," said Jose Diaz, Senior Vice President for
Kratos' Training Solutions unit. "Kratos has a proven track record of
providing advanced training solutions to the U.S. Navy as well as the other
uniformed services and government agencies. Our strength is our team of
training professionals delivering training solutions that enhance the
readiness and performance of our nation's Warfighters."
"This is a key contract vehicle for the Navy and provides new opportunity for
us to demonstrate our total training capability across the aviation, surface,
undersea and cross-warfare domains," said Phil Carrai, President of Kratos
Technology & Training Solutions."This award builds on our other
training-focused IDIQ awards, including NTPS, TDPC, and TSC III, placing
Kratos in a dynamic position to reach strategic C4ISR programs across all Navy
systems commands as well as all other armed services."
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized
National Security technology Company providing mission critical products,
solutions and services 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 3,700. Substantially all 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 29, 2013, and in subsequent reports on Forms 10-Q and 8-K
and other filings made with the SEC by Kratos.
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