Kratos C5ISR Business Receives $50 Million Single Award Product and Hardware Contract in Support of National Security Program...
31 December 2019 - 12:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
its Command, Control, Communications, Computing, Combat,
Intelligence, Surveillance and Reconnaissance (C5ISR) Modular
Systems Division has recently received an approximate $50 million,
single award, indefinite delivery, indefinite quantity (IDIQ)
product and hardware related contract award in support of a
national security related program. Initial tasking and funding
under this new contract award has already been received by
Kratos. Kratos C5ISR Modular Systems Division is a leading
provider of products, hardware, systems and subsystems in support
of unmanned aerial vehicle, high powered directed energy, missile,
missile defense, radar, surface combatant and other combat and
weapon systems and programs. Work under this recent contract
award will be performed in secure Kratos production
facilities. Due to customer related, competitive and other
considerations, no additional information will be provided related
to this recent contract award.
Tom Mills, President of Kratos C5ISR Modular
Systems Division, said, “The recapitalization of strategic weapon
systems to address peer and near peer threats of the United States
and its allies is providing a number of large, new program
opportunities to our business, including in the Missile System,
Missile Defense, Radar, Space, Unmanned and Combat System areas,
and we are proud to address mission critical national security
priority areas.”
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.
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Press Contact:Yolanda White858-812-7302 Direct
Investor
Information:877-934-4687investor@kratosdefense.com
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