Kratos Awarded $3.87 Million for Gremlins Phase I by Defense Advanced Research Projects Agency
05 May 2016 - 6:05AM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
its subsidiary, Composite Engineering, Inc. (CEi), has received a
$3.87 million award from the Defense Advanced Research Projects
Agency (DARPA). The goal of the Gremlins program is to demonstrate
safe and reliable aerial launch and aerial recovery of multiple
unmanned aircraft, capable of employing and recovering diverse
distributed payloads in volley quantities. Under the Phase I
contract, CEi plans to conduct system architecture and design trade
studies to develop a conceptual Gremlins system design, analyze
aerial launch and aerial recovery techniques, develop operational
concepts, and perform demonstration system design and planning for
potential future phases.
Jerry Beaman, President of Kratos' Unmanned
Systems Division, said, "With this key award, CEi strengthens our
presence in the emerging Unmanned Combat Aerial Systems (UCAS)
market. The DARPA Gremlins program is an integral part of our
overall Unmanned Aerial Systems (UAS) mission.”
Eric DeMarco, President and CEO of Kratos, said,
“As a leading innovator of cutting-edge technology in the UAS
arena, and in line with our future objectives and internal
development efforts over the past several years, Kratos is
broadening our typical offering of high-performance unmanned jet
aircraft, to include system integrator-level development and
demonstration of a multi-segment comprehensive system. Our
strategic focus is in sync with the Department of Defense’s (DoD)
Third Offset Strategy, which lays out the need to rapidly prototype
innovative technologies to counter emerging threats and provide the
United States with an asymmetric advantage over our adversaries.
This announcement is an exciting step forward for Kratos in our
partnership with DoD. Kratos will do everything possible to make
Gremlins a successful program, and I look forward to continuing to
work with the Department and the Congress as a leader in the UAS
market.”
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions, Inc.
(Nasdaq:KTOS) is a mid-tier government contractor at the forefront
of the Department of Defense’s Third Offset Strategy. Kratos is a
leading technology, intellectual property and proprietary product
and solution company focused on the United States and its allies’
national security. Kratos is the industry leader in
high-performance unmanned aerial drone target systems used to test
weapon systems and train the warfighter, and is a provider of
high-performance unmanned combat aerial systems for force
multiplication and amplification. Kratos is also an industry leader
in satellite communications, microwave electronics, cyber
security/warfare, missile defense and combat systems. Kratos has
primarily an engineering and technically oriented work force of
approximately 2,700. Substantially all 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
StatementsCertain 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 27, 2015, 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
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