Kratos Receives $4.1 Million C5ISR System Contract Award
SAN DIEGO, June 27, 2019 (GLOBE NEWSWIRE) -- Kratos
Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National
Security Solutions provider, announced today that it has recently received
a $4.1 million contract award to provide hardware and subsystems in support
of a Command, Control, Communications, Computing, Combat and Intelligence,
Surveillance and Reconnaissance (C5ISR) aerial defense related program and
platform. Kratos’ C5ISR Modular Systems business provides specialized,
High Altitude Electromagnetic Pulse Protected (HEMP) products, systems and
subsystems in support of Missile Defense, Missile, Radar, Unmanned, High
Power Directed Energy, Surface Combatant and other systems and platforms.
Work under this recent contract award will be performed in secure Kratos
manufacturing facilities. Due to competitive, customer related and other
considerations, no additional information will be provided.
Tom Mills, President of Kratos’ C5ISR Modular Systems Division, said, “Ballistic missile and aerial defense systems and platforms are a core business area of Kratos, and our entire organization is honored to have been selected to support this key national security related program.”
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