Kratos Receives $5 Million in National Security Program Product Awards
SAN DIEGO, May 13, 2014 (GLOBE NEWSWIRE) -- Kratos Defense & Security
Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider,
announced today that its Kratos Modular Systems (MS) Division has recently
received approximately $5 million in specialty product awards in support of
certain National Security related programs in support of the U.S. Warfighter.
Under the new contract awards, Kratos' MS Division will design, engineer,
manufacture and deliver specialized products and equipment. All of the work to
be performed under these awards will be executed in secure Kratos
manufacturing facilities. Due to customer related and other considerations, no
additional information will be provided related to these contract awards.
Tom Mills, President of Kratos' MS Division, said, "Our entire organization is
proud to have been selected to provide these products and equipment in support
of these National Security priority missions."
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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