Kratos Awarded Multi-Million Dollar Contract for CH-47F Chinook Maintenance Training Systems for the U.S. Army
02 April 2014 - 10:00PM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
it has received a new multi-million dollar subcontract from
USfalcon Inc. to upgrade CH-47F Chinook Avionics Trainers (CAT).
Kratos will perform concurrency upgrade services to four of the
simulators currently located at the U.S. Army's 128th Aviation
Brigade in Ft. Eustis, Virginia.
Kratos is the original equipment manufacturer of the simulators,
which provide high-fidelity hands-on training of the aircraft
avionics system in a fully integrated configuration. The upgrade
includes incorporating the Aircraft Product Improvement Program One
(PIP1) to ensure concurrency of the simulators to the aircraft as
well as other product life cycle and functional enhancements, such
as networking the simulators together to allow students to perform
more advanced maintenance scenarios.
"The CH-47 is a critical asset for transporting troops and
supplies, as well as providing combat support. The maintenance
of the CH-47F is critical to today's Army," said Jose Diaz, Senior
Vice President of Kratos Training Solutions. "Based on our
detailed knowledge of these simulators, coupled with the use of our
advanced Software Integration Lab capability, device downtime will
be minimized and student training will continue during the upgrade
period."
The work will be performed under a subcontract to USfalcon, Inc.
(Morrisville, NC) under the Aviation Applied Technology Directorate
(AATD) SPOTS V contract.
About Kratos Defense & Security
Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a
specialized National Security technology Company providing mission
critical products, services and solutions for United States
National Security. Kratos' core capabilities are sophisticated
engineering, manufacturing and system integration offerings for
National Security platforms and programs. Kratos' areas of
expertise include Command, Control, Communications, Computing,
Combat Systems, Intelligence, Surveillance and Reconnaissance
(C5ISR), satellite communication systems, electronic warfare,
unmanned systems, missile defense, cyber warfare, cybersecurity,
information assurance, and critical infrastructure security. Kratos
has primarily an engineering and technically oriented work force of
approximately 3,800. The vast majority of Kratos' work is performed
on a military base, in a secure facility or at a critical
infrastructure location. Kratos' primary end customers are National
Security related agencies. News and information are available at
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, including risks
related to product failure, general economic conditions and
cutbacks in spending. 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. 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
29, 2013, and in subsequent reports on Forms 10-Q and 8-K and other
filings made with the SEC by Kratos.
CONTACT: Press Contact:
Yolanda White
858-812-7302 Direct
Investor Information:
877-934-4687
investor@kratosdefense.com
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