Kratos Wins $14 Million in Contract Awards for Drone System Logistics Support, Spares, and Consumables
SAN DIEGO, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Kratos
Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National
Security Solutions provider and industry-leading provider of
high-performance, jet-powered unmanned aerial systems, announced today that
it has recently received approximately $14 million in contract awards for
logistics support, spares, consumables, and support needed to address the
growing demand for Kratos’ customer drone system operations. Due to
customer-related, competitive, security, and other considerations, no
additional information will be provided.
Steve Fendley, President of the Kratos Unmanned Systems Division, said, “These awards signal that with the pent-up demand for increased operational missions, Kratos drones are well-supported with the various parts, consumables, logistics, and engineering support necessary to keep our customers’ air vehicles flying and enabling operations personnel to maintain a high level of readiness. We are proud that our systems continue to be procured and operated all over the world.”
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, small to mid-sized jet engines and technology,
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 30, 2020, 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
