Kratos Receives $2.7 Million C5ISR Contract Award
SAN DIEGO, Oct. 10, 2018 (GLOBE NEWSWIRE) -- Kratos
Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National
Security Solutions provider, announced today that it has recently received
a new $2.7 million contract award for specialized hardware in support of a
Command, Control, Communications, Computing, Combat, Intelligence,
Surveillance and Reconnaissance (C5ISR) System. Kratos Modular Systems
Division (KMSD) is a leading provider of specialized products and hardware
in support of C5ISR Programs and Systems, including Unmanned Aerial Drone,
Missile Defense, Surface Combatant, and other systems. Work under this new
program award will be performed in secure Kratos manufacturing and
production facilities. Due to competitive, customer related and other
considerations, no additional information will be provided related to this
program.
Tom Mills, President of KMSD, said, “Kratos is recognized as the alternative high quality, affordable system and solutions provider in our core business areas, and our entire organization is proud to have the trust of our customers to support their mission critical, National Security priority programs.”
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