Kratos Receives $67.5 Million Single Award Prime Contract to Support NSWCDD Radar Systems Division
SAN DIEGO, Sept. 04, 2018 (GLOBE NEWSWIRE) -- Kratos
Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National
Security Solutions provider, announced today that its Advanced Naval Weapon
System Business Unit, a part of the Kratos Defense & Rocket Support
Services Division, was awarded a single award contract in the amount of
$67,465,292 to provide engineering and technical support services to the
Naval Warfare Center, Dahlgren Division (NSWCDD) Electromagnetic and Sensor
Systems Department (B Department) through their Radar Systems Division
(B40).
The award is a five year contract that includes a base year and 4 one year options. Kratos will provide Radar System engineering and technical support services at NSWCDD test facilities, Kratos facilities and in the field. Supported Radar work areas include: Requirements Development and Analysis, Systems Engineering, Software Development, Antenna Design, Signal Processing, Radar Operation, and Test and Evaluation. These services will be provided in support of existing, near term and out-year projects/programs, technology development, technology insertions, prototyping and technology demonstrations and related acquisition efforts.
Tim Harmon, Vice President of the Advanced Naval Weapon Systems Business Unit, said, "We are very pleased to continue our long-standing support of the NSWCDD engineering community. This contract award allows Kratos to apply our solid engineering and technical skills to support the Navy’s most advanced radar programs.”
Dave Carter, President of the Kratos Defense & Rocket Support Services (KDRSS) Division, said, "This contract award is an important milestone in our commitment to rebuilding superior engineering support to the NSWCDD and the warfighter."
About Kratos Defense &
Security Solutions
Kratos Defense & Security Solutions,
Inc. (NASDAQ:KTOS) develops and fields transformative, affordable
technology, platforms and systems for United States National Security
related customers, allies and commercial enterprises. Kratos is
changing the way breakthrough technology for these industries are rapidly
brought to market through proven commercial and venture capital backed
approaches, including proactive research and streamlined development
processes. Kratos specializes in unmanned systems, satellite
communications, cyber security/warfare, microwave electronics, missile
defense, hypersonic systems, training and combat systems. For more
information go to 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. 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. Although Kratos believes that the expectations
reflected in these forward-looking statements are reasonable, these
statements involve many risks and uncertainties that may cause actual
results to differ materially from what may be expressed or implied in these
forward-looking statements. 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 31, 2017, and in
subsequent reports on Forms 10-Q and 8-K and other filings made with the
SEC by Kratos.
Press Contact:
Yolanda White
858-812-7302 Direct
Investor
Information:
877-934-4687
investor@kratosdefense.com
