Kratos Receives $4.2 Million in National Security Program Awards
Specialty Products to be Produced at Secure Kratos Manufacturing Facility
SAN DIEGO, May 30, 2014 (GLOBE NEWSWIRE) -- Kratos Defense & Security
Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider,
announced today that its Modular Systems Division (KMSD) recently received
approximately $4.2 million in new contract awards for specialty systems and
products in support of certain United States National Security programs. KMSD,
which will be performing the work under these programs, is an industry leader
in the design, engineering, manufacture, and integration of specialty modular
systems and products that support mission critical United States National
Security programs and those of our allies. KMSD products support leading
technology and disruptive programs, including unmanned systems, intelligence,
surveillance and reconnaissance platforms, radar and missile systems, the
electromagnetic rail gun and chemical, biological, radiation, nuclear and
explosive (CBRNE) sensing programs.
Under the new program awards, Kratos will be providing products supporting
command, control and communications systems in support of a certain U.S.
Government agency and products that support the U.S. Warfighter. Work
performed under the recent contract awards will be performed at a secure
Kratos manufacturing facility. Due to customer related and other
considerations, no additional information will be provided related to these
Tom Mills, President of KMSD, said, "Our entire organization is pleased to
have received these recent contract awards to support these mission critical
national security programs and support the Warfighter."
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.Kratoshas primarily an engineering and technically
oriented work force of approximately 3,700. Substantially all ofKratos'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 atwww.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 ofKratosand 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, andKratosundertakes 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 ofKratosin general,
see the risk disclosures in the Annual Report on Form 10-K ofKratosfor the
year endedDecember 29, 2013, and in subsequent reports on Forms 10-Q and 8-K
and other filings made with theSECbyKratos.
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