Kratos Receives Prime Contract Award to Deliver Up to 33 Oriole Rocket Motors to U.S. Government Customer
03 October 2019 - 10:00PM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
it has recently received a single award prime contract, for up to
33 Oriole Rocket motors, including Options. Kratos has
exclusive rights to sell Oriole Solid Propellant Rocket Motors
(SPRMs) for specific market areas, including Missile Defense Threat
Representative Targets, Suborbital Research and Sounding
Rockets. Kratos leverages its exclusive rights agreement to
deliver Rocket Motors, Systems, Products and Solutions for Missile
Defense, Hypersonics, Weapon System Research and other mission
critical National Security areas.
Kratos Defense & Rocket Support Services
(DRSS) Division, which received this recent contract award, is a
leading provider of products and solutions in support of ballistic
missile targets, hypersonic systems, sub orbital research, sounding
rockets, directed energy and laser programs and systems. Work
under this recent contract award will be performed at a secure
Kratos facility and vendor locations. Due to competitive,
customer related and other considerations, no additional
information will be provided related to this contract award.
Dave Carter, President of DRSS, said, “Certain
of Kratos’ most valuable assets, in which we have made significant
investments over the past several years, include our intellectual
property ownership and related license agreements, which provide
Kratos sole source, single source or differentiating competitive
positions. Kratos is committed to providing U.S. Government
Agencies and other customers with rapidly developed, demonstrated
and fielded affordable technology leading systems to address their
missions and requirements. This relationship and recent contract
award through which DRSS will support up to 33 target, hypersonic
or other missions is a key element of our business units future
growth plans."
Eric DeMarco, President and CEO of Kratos
Defense & Security Solutions, said, “The Navy / Kratos
partnership with Kratos proprietary Oriole Solid Rocket Motor
Systems has enabled successful launches of a wide-range of
sub-orbital vehicles including; ballistic missile targets,
hypersonic payloads and NASA science tests. We are currently
in pursuit of additional hypersonic program opportunities as the
lead prime contractor with this flight proven leading technology
system. Kratos will continue to invest in products and technology
that enhance our proprietary offerings related to sub-orbital
missions, including Kratos Turbine Technologies, which is working
with certain government customers in the air breathing hypersonic
propulsion area.”
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, combat systems and next generation turbo jet and turbo
fan engine development. 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
30, 2018, 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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