Kratos Successfully Completes Multiple Series of High Performance Unmanned Aerial Drone Missions for New and Established National Security Customers
Recent Exercises Included Multiple Intercepts of
Kratos High Performance Target Drone Aircraft
SAN DIEGO, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has recently completed multiple series of approximately twenty flights, including many intercept flights, for new and long term national security related customers, utilizing numerous Kratos high performance, jet powered unmanned aerial target drone systems. Kratos is the industry leader in the rapid development, demonstration and delivery of affordable high performance unmanned aerial drone systems for tactical and force multiplication missions and requirements, and for threat simulation and emulation target drone requirements to exercise and test weapon systems for the United States and its allies. The success of these recent multi-day exercises are expected to lead to potential significant future deliveries of Kratos high performance target drones for a new customer set, and additional deliveries to our established customers. These recent exercises were performed at various secure undisclosed locations.
Steve Fendley, President of Kratos Unmanned Systems Division said, “With the increased global threat environment of peer and near peer adversaries to the United States and its allies, we are seeing increased interest above the already high demand for Kratos high performance target drone systems, utilized for the test, evaluation, and exercise of radars, missiles, and other systems to protect against the ever-evolving threats. These recent successful missions, which included multiple intercepts and corresponding intentional kills of Kratos target drones, are expected to lead to a significant new future customer requirement for Kratos as well as an increase in deliveries to an existing customer.”
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 |