Kratos Receives $4 Million C5ISR Contract Award
SAN DIEGO, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Kratos
Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National
Security Solutions provider, announced today that it has recently received
an approximate $4 million Contract Award for specialized products and
hardware in support of a Command, Control, Communications, Computing,
Combat, Intelligence, Surveillance and Reconnaissance (C5ISR) Program.
Kratos’ C5ISR Modular Systems business specializes in the rapid
development, demonstration and fielding of affordable products, hardware
and systems, including missile, radar, missile defense, surface combatant,
satellite and CBRNE programs and systems. Work under this new contract
award will be performed in a secure Kratos manufacturing facility. Due to
competitive, customer related and other considerations, no additional
information is being provided related to this contract award.
Tom Mills, President of Kratos C5ISR Modular Systems Division, said, “Our entire organization is proud to have been selected to support this customer in this mission critical national security related requirement.”
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 a streamlined development process. 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