Kratos Awarded $12 Million Contract to Provide Satellite Command and Control System Products and Sustainment
25 November 2021 - 12:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
it has received a delivery order valued at $12 million for
satellite and communication system products, hardware and
equipment. This is against a previously awarded contract.
This award is for mission activity and maneuver
planning, telemetry processing, commanding, orbit and attitude
management, resource management, space vehicle and ground system
simulation, security, support planning and execution, training and
testing. The award will enable and sustain new capabilities
such as virtualization, additional satellite constellation capacity
and cybersecurity enhancements. Satellite state-of-health
operations include launch, early orbit, on-orbit, anomaly
resolution, disposal, and backup operations.
"Kratos continues support to the U.S. military
with products and tailored solutions for protected, resilient
military satellite operations,” said Phil Carrai, President of the
Kratos Space, Training and Cyber Division. “During this time of
increasingly congested and contested space operations, Kratos is
uniquely able to provide a mix of cutting-edge technical solutions,
products and services to support mission-specific requirements of
defense applications.”
Eric DeMarco, Kratos President and CEO, said,
“Kratos’ strategy is to be a disruptive change agent to the
national security industry by rapidly providing first to market,
affordable, leading technology systems, products and solutions to
our customers. Kratos OpenSpace satellite ground system products
and our global, Kratos-owned and operated space domain awareness
system are uniquely positioned to address the large and growing
space and satellite market opportunity, including a large and
growing total addressable market and the forecast tens of thousands
of additional government and commercial satellites expected to be
placed in orbit by the end of the decade.”
Due to customer related and other
considerations, no additional information will be provided related
to this contract award.
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. At Kratos, affordability is
a technology and we specialize 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
27, 2020, 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 DirectInvestor
Information:877-934-4687investor@kratosdefense.com
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