Kratos Receives $16.3 Million in Microwave Electronic Product Awards in Support of C5 Systems
SAN DIEGO, Aug. 06, 2019 (GLOBE NEWSWIRE) -- Kratos
Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National
Security Solutions provider, announced today that it has recently received
approximately $16.3 million in microwave electronic product awards in
support of customers’ Command, Control, Communication, Computing, and
Combat Systems (C5). Kratos is a leading provider of leading technology
microwave electronic sub-systems, products and components in support of
National Security and other systems and platforms. Representative
programs and systems that Kratos supports include Arrow, Barak 8, Iron
Dome, F-15, F-16 and Gripen. Work under these recent contract awards will
be performed in secure Kratos manufacturing facilities. Due to customer
related, competitive and other considerations, no additional information
will be provided related to these recent contract awards.
Yonah Adelman, President of Kratos’ Microwave Electronics Division, said, “These recent contract awards support our business unit’s near all-time high backlog and the future growth trajectory we are forecasting for the business. Our entire team is proud to support our customers in their C5 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 |