Kratos Awarded $30 Million for Scope Increases on Multiple Training Platform Programs
12 October 2018 - 12:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
it was awarded contract scope increases valued at over $30 million
on multiple existing training contracts. Due to customer related,
competitive and other considerations, no additional information
will be provided related to these scope increases.
Jose Diaz, Senior Vice President, Kratos
Training Solutions, explains: “Kratos continues to deliver
customer-tailored solutions in cutting-edge training system
environments by advancing simulators with innovative technologies
and expanding simulation fidelity with virtual, augmented and mixed
reality technologies. These awards will enable world-class training
that sharpens warfighter resiliency, increases real mission
preparedness, improves mission safety and reduces training
costs.”
To meet the challenge of increasingly
sophisticated weaponry, tactics and readiness demands, Kratos
utilizes cutting-edge technologies to develop synthetic training
environments (STE) for enhanced maintenance and operational
training solutions that reduce costs, speed development and deliver
high-fidelity performance. Kratos’ warfighter training solutions
employ an extensive array of products and services for air, ground
and naval platforms. Integrating the latest in Virtual Reality
(VR), Augmented Reality (AR) and Mixed Reality (MR) technology with
its state of the art simulation systems and instructional design
capabilities, Kratos’ blended training systems address a broad
spectrum of training disciplines.
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions,
Inc. (NASDAQ:KTOS) develops and fields transformative,
affordable technology, platforms and systems for United States
National Security related customers, allies and commercial
enterprises. Kratos is changing the way breakthrough
technology for these industries are rapidly brought to market
through proven commercial and venture capital backed approaches,
including proactive research and streamlined development
processes. Kratos specializes in unmanned systems,
satellite communications, cyber security/warfare, microwave
electronics, missile defense, hypersonic systems, 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
31, 2017, 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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