Kratos Receives $9.9 Million National Security Program Award
Command, Control, Communication and Electronic System Products To Be Produced
at Secure Kratos Manufacturing Facility
SAN DIEGO, June 10, 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 a
$9.9 million contract award for specialty products and systems in support of a
certain United States National Security program. KMSD, which will be
performing the work under this program, 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)
Under the new program award, Kratos will be providing products supporting
command, control, communication and electronic systems for a certain U.S.
Government agency program. Work performed under this contract award will be
performed at a secure Kratos manufacturing facility. Due to customer related
and other considerations, no additional information will be provided related
to this program.
Tom Mills, President of KMSD, said, "The receipt of this order from this very
important customer is testimony and representative of the relationships we
have with this critical customer and its confidence in our organization."
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 3,600. 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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