Kratos Receives $5 Million C5ISR Production Award from U.S. Government Agency
SAN DIEGO, May 29, 2019 (GLOBE NEWSWIRE) -- Kratos
Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National
Security Solutions provider, announced today that it has recently received
a $5 million Command, Control, Communication, Computing, Combat and
Intelligence, Surveillance and reconnaissance (C5ISR) production award from
a U.S. Government Agency. Kratos C5ISR Modular Systems business is an
industry leader in providing products, hardware and solutions to the U.S.
Department of Defense and other National Security customers in support of
Missile, Radar, Missile Defense, Electromagnetic Rail Gun, Unmanned Aerial,
Directed Energy and CBRNE platforms and systems. Work under this recent
contract award will be performed in a secure Kratos manufacturing
facility. Due to customer related, competitive and other considerations,
no additional information will be provided related to this contract
award.
Tom Mills, President of Kratos C5ISR Modular Systems Business, said, “Kratos is the demonstrated and proven provider of choice to our National Security customers for highly engineered, mission critical, high performance and hardened C5ISR products, systems and subsystems and we are committed to exceeding their mission critical requirements.”
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, combat systems and next generation
turbo jet and turbo fan engine development. 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 30, 2018, 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