Kratos Receives Contract Award for Six High Performance Unmanned Aerial Drone Systems
SAN DIEGO, Oct. 02, 2018 (GLOBE NEWSWIRE) -- Kratos
Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National
Security Solutions provider, announced today that its Unmanned Systems
Division (USD) has recently received a new contract award from a National
Security related customer for the production and delivery of six high
performance, jet powered unmanned aerial drone system aircraft and related
mission support kits. KUSD is an industry innovator and leading provider of
affordable, high performance jet powered unmanned aerial drone systems for
tactical missions and target applications. Work under this new contract
award will be performed at secure KUSD manufacturing facilities, customer
sites, and other locations. Due to the nature of the work being performed,
customer related, competitive and other considerations, no additional
information will be provided related to these contract awards.
Steve Fendley, President of Kratos’ Unmanned Systems Division, said, “Our worldwide presence and related infrastructure that includes operations by Kratos and by our customers supporting operations around the globe enable us to continuously expand and refine our system capability based on the wide range of requirements. The recurring orders that we receive for our systems continues to reinforce our ability to satisfy these requirements and the value that our high performance, low cost jet drones provide.”
Eric DeMarco, President and CEO of Kratos, said, “Kratos is the preferred alternative platform and system provider in our core business areas, and this most recent award is representative of Kratos’ industry leading position in high performance, jet powered unmanned aerial drone systems.”
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
