Kratos Receives $3.3 Million in Unmanned Aerial Drone and Electronic System Contract Awards
15 December 2017 - 8:07AM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
it has recently received $3.3 million in unmanned aerial drone and
electronic system contract awards. Kratos is an industry
leader in the rapid design, demonstration and fielding of
affordable unmanned aerial drone systems for tactical, combat and
target applications, related ground control systems and microwave
electronics. Work on these recent contract awards will be
performed at secure Kratos manufacturing facilities. Due to
competitive, customer related and other considerations, no
additional information will be provided related to these contract
awards.
Eric DeMarco, Kratos President & CEO, said,
“Kratos today, across our company is supporting numerous unmanned
aerial drone system programs in both the tactical and target system
areas, as well as critical microwave electronics programs, and we
are committed to supporting these important customers.”
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions,
Inc. (NASDAQ:KTOS) develops transformative, affordable
technology for the Department of Defense and commercial
customers. Kratos is changing the way breakthrough
technology for these industries are brought to market through
proactive research and a streamlined development
process. Kratos specializes in unmanned systems,
satellite communications, cyber security/warfare, microwave
electronics, missile defense, training and combat systems. For more
information go to 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
25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other
filings made with the SEC by Kratos.
Press
Contact: |
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Yolanda White |
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858-812-7302
Direct |
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Investor
Information: |
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877-934-4687 |
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investor@kratosdefense.com |
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