Kratos Receives $14 Million National Security Program Award
Hardened and Protected Transportable Facilities to be Produced at Secure
SAN DIEGO, July 1, 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 an
approximately $14 million new contract award for secure, hardened and
protected transportable facilities 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) sensing programs.
Under the new program award, Kratos will be providing specialized secure,
protected and hardened transportable facilities, products and systems in
support of a certain U.S. Government program. Work performed under this
contract award will be performed at secure Kratos manufacturing facilities.
Due to customer related and other considerations, no additional information
will be provided related to this program.
Tom Mills, President of KMSD, said, "We are proud to have received this recent
order to provide these critically important secure and hardened facilities in
support of this U.S. National Security initiative."
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 3,600. 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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