Kratos Receives $20 Million Electronic Warfare System Production Contract Award
05 January 2018 - 8:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
its Microwave Electronics Division (MED) has recently received an
approximately $20 million contract award for initial production of
microwave electronic products in support of a new, state-of-the-art
airborne electronic warfare system. Kratos is an industry leader in
microwave electronic sub-systems and components which support a
broad range of national security and international programs.
These include missile programs for surface-to-air, air-to-air and
naval applications, radars, precision guided munitions, electronic
warfare, network centric warfare and communications platforms and
programs. Work under this contract award will be
performed at secure Kratos manufacturing facilities. Due to
customer related, competitive and other considerations, no
additional information will be provided related to this contract
award.
Yonah Adelman, President of Microwave
Electronics Division, said, “Our entire organization is proud to
have been selected by this customer for these sophisticated
microwave electronic products in support of this new airborne
platform and program. Based on current expectations, we are
hopeful that this initial production order will be just the
beginning of one of the largest and longest running programs in our
organization.”
Eric DeMarco, President and CEO of Kratos, said,
“All of Kratos is extremely proud of Yonah and his team receiving
this initial production award on the new and exciting
program. Kratos MED over the past few years has been
successfully executing its strategy of becoming designed in as a
sole source on a number of new national security related and other
platforms and programs, and we are hopeful that there are several
additional programs that we will begin production on in the
future.”
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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