Kratos Receives $50 Million Contract Value Increase for C5ISR Program System Hardware Platform
09 February 2022 - 1:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
it has recently received an approximately $50 million contract
value increase for an existing Command, Control, Communications,
Computing, Combat System and Intelligence, Surveillance and
Reconnaissance (C5ISR) Program. Under this Program, Kratos is
providing specialized products, hardware, engineering and other
services and deliverables. Kratos C5ISR business manufactures
and provides specialty hardware, products and systems in support of
certain of the United States and its Allies most important and
Mission Critical National Security programs, including Unmanned
Aerial Drone systems, Missile & Radar Systems, High Power,
Directed Energy and Hypersonic Systems, Naval Combatant and Space
and Satellite Communication Systems. Work under this program
is being performed at secure Kratos and customer manufacturing
facilities and locations. Due to customer, competitive,
security related and other considerations, no additional
information will be provided related to this National Security
related Program.
Tom Mills, President of Kratos C5ISR Division,
said, “The Kratos C5ISR Team is committed to supporting our
National Security customer on this critical Space System
Program.”
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
27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other
filings made with the SEC by Kratos.
Kratos Press Contact:Yolanda
White858-812-7302 Direct
Kratos Investor
Information:877-934-4687investor@kratosdefense.com
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