Kratos Receives $29 Million Directed Energy Systems Contract
22 November 2018 - 12:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
the Kratos Defense & Rocket Support Services (KDRSS) Division
has been awarded a $29 million contract to develop prototype
technologies, components and subsystems for the enhancement of
existing or new Directed Energy (DE) systems. The effort will
extend DE system capabilities of Counter Rocket, Artillery and
Mortar (C-RAM), Counter Unmanned aircraft systems (C-UAS), and/or
Counter Intel, Surveillance, Reconnaissance (C-ISR) missions for
the US Army Space and Missile Defense Command/Army Forces Strategic
Command (USA SMDC/ARSTRAT). The specific technologies include
beam control, high energy lasers, adaptive optics, power, thermal,
sensors, illuminators, joint fires, fire support, and target
tracking. These prototype projects are directly relevant to
enhancing mission effectiveness of military personnel and the
supporting platforms, systems, components, or materials proposed to
be acquired or developed by the Army. Work under this
contract is anticipated to be performed at Kratos facilities and at
government locations in Huntsville, AL.
Dave Carter, President of the Kratos’ Defense
& Rocket Support Services (KDRSS) Division, said, "This recent
contract award is another important milestone in our commitment to
continue providing superior advanced technology engineering
support. This aligns with our strategic plan to expand
support to the U.S. Army in advancing and developing Directed
Energy Technologies. We are very pleased the U.S. Army is allowing
us to serve them in this capacity."
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 a streamlined development process. 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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