Kratos Receives Initial $2 Million C5ISR Contract Award in Support of Large New Combat System Program
10 October 2019 - 11:00PM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
its C5ISR Modular Systems Division has recently received an initial
$2 million contract award from a national security related customer
in support of a large Combat system program. The combat system
program that Kratos is now designed in on and supporting is
currently expected to ultimately grow and become one of the largest
in Kratos’ C5ISR business unit. Kratos’ C5ISR Modular Systems
Division is an industry leader in supporting Command, Control,
Communications, Computing, Combat, Intelligence, Surveillance and
Reconnaissance (C5ISR) Systems. Platforms of Kratos C5ISR include
missile, radar, unmanned system, directed energy, missile defense,
surface combatant and ground vehicle. Work under this new contract
award is expected to be performed in secure Kratos manufacturing
facilities. Due to customer related, competitive and other
considerations, no additional information will be provided related
to this program.
Tom Mills, President of Kratos C5ISR Modular
Systems Division, said, “This new contact award and combat system
program for Kratos is representative of the successful execution of
our strategy to become designed in on and support major weapons
systems related programs of record. Based on current forecasts and
expectations, we currently believe that this new Kratos program
will become one of the largest in our business over the next few
years, and we are proud to have been selected by this critical
national security related customer.”
About Kratos Defense & Security
Solutions
Kratos 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 Statements
Certain 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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