Kratos Awarded Contract Option Delivery Order Valued at $13.9 Million to Provide Satellite Command and Control System Sustain...
04 January 2018 - 11:00PM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
it has received a delivery order valued at $13.9 million for
satellite and communication system products, hardware and
equipment. This is an option against a previously-awarded contract.
This award exercises an option period for
mission activity and maneuver planning, telemetry processing,
commanding, orbit and attitude management, resource management,
space vehicle and ground system simulation, security, support
planning and execution, training and testing. Satellite
state-of-health operations include launch, early orbit, on-orbit,
anomaly resolution, disposal, and backup operations.
“At a time of increasingly congested and
contested space operations Kratos is one of the few commercial
companies that can offer this mix of cutting edge technical
solutions, products and services to support mission-specific
requirements of defense applications,” said Phil Carrai, President
of the Kratos Technology & Training Division. “We are pleased
to continue to support the U.S. military with products and tailored
solutions for protected, resilient military satellite
operations.”
Due to customer related and other
considerations, no additional information will be provided related
to this contract award.
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:Yolanda
White858-812-7302 Direct
Investor
Information:877-934-4687investor@kratosdefense.com
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