its business as a leading provider of highly differentiated technology, products, solutions and services in its core areas of focus, by delivering comprehensive, leading technology products, high-end engineering services, technical solutions, product manufacturing, and IT solutions to U.S. Government agencies, while improving its margin rates, overall profitability and operating cash flows. Customers A list of the company’s customers in its KGS and Unmanned Systems segments during 2014 included the U.S. Air Force, U.S. Army, U.S. Navy, U.S. Marines, Missile Defense Agency, the DHS, NASA, Foreign Military Sales (FMS), the U.S. Southern Command, U.S. Intelligence Community and certain classified customers. In 2014, representative customers in the Public Safety & Security segment included Metropolitan Transportation Authority of New York, Prince George’s County Public Schools, Children’s Hospital of Philadelphia, Alamo Colleges, University of New Hampshire, City of Galveston, Texas Orthopedic Hospital, Port Authority of New York & New Jersey, Prudential, New York University, Fidelity, Scripps Clinic, PNC Bank, Halliburton, AT&T, Chevron, Mellon Bank, Calpine Power Plants, Capital Health, DuPont Fabros, BP America, University of Houston, Meridian Health and Memorial Hermann Hospital System. Competition Competition in the KGS and Unmanned Systems segments include tier one, the U.S. Government contractors, such as Northrop Grumman, Lockheed Martin, General Dynamics, SAIC, Leidos, Engility, ITT Systems, Computer Sciences Corporation, Raytheon, BAE Systems, L3, Orbital/ATK, Boeing, and CACI. Tier two competitors include smaller and mid-tier government contractors, such as AeroVironment, API Technologies, iRobot Corporation and Mercury Computer Systems. Competition in the Public Safety & Security segment includes Siemens Building Technology, Johnson Controls, Diebold, Convergint Technologies, and others. Research and Development For the year ended December 28, 2014, the company’s research and development expenses included $23.0 million. Intellectual Property As of December 28, 2014, the company held U.S. patents and foreign patents. It owns or has rights to use certain trademarks, service marks and trade names that it uses in conjunction with the operation of its business. Government Regulation The company is subject to various government regulations, including various U.S. Government regulations as a contractor and subcontractor to the agencies of the U.S. Government. Among the most significant U.S. Government regulations affecting the company’s business are the Federal Acquisition Regulations and supplemental agency regulations; the Truth in Negotiations Act; the Cost Accounting Standards; the Foreign Corrupt Practices Act; and the False Claims Act and the False Statements Act. History Kratos Defense & Security Solutions, Inc. was founded in 1994. The company was incorporated in the state of New York in 1994. It was reincorporated in the state of Delaware in 1998.
kratos defense & security
(KTOS:Consolidated Issue Listed on NASDAQ Global Select )
Bridge Pointe Corporate Centre
4820 Eastgate Mall
San Diego, CA 92121
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