Kratos Awarded a $499 Million Multiple Award, Indefinite-Delivery/Indefinite-Quantity Contract for the Design, Build, Test, and Delivery of Functioning Anti-Tamper Solutions
05 March 2024 - 12:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
Technology Company in Defense, National Security and Global
Markets, announced today that it has been awarded a $499,000,000
multiple award, indefinite-delivery/indefinite-quantity contract
for the design, build, test, and delivery of functioning
anti-tamper solutions that will be ready for follow-on production
to be integrated into a broad range of Department of Defense
programs. The development of these solutions enables the necessary
protection of critical program information from adversarial tamper
efforts. Work will be performed in the continental United States
and is expected to be completed February 28, 2030. This contract
was a competitive acquisition, and twenty offers were received. The
Air Force Life Cycle Management, Wright Patterson Air Force Base,
Ohio, is the contracting activity.
Kratos SRE is a technology business focused on
strategic deterrence systems, missiles, space and satellite
communications, exotic material test and analysis, intelligence,
surveillance and reconnaissance, hypersonic platforms, trusted and
assured microelectronics, anti–tamper technology and other
platforms and systems.
Michael Johns, President of Kratos SRE, said,
“This recent award provides Kratos access to a new contractual
channel and new customers for certain of our most sophisticated
technology and products, specifically related to the protection of
mission critical national security programs and systems from
tampering efforts.”
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions,
Inc. (NASDAQ: KTOS) is a technology, products, system and
software company addressing the defense, national security, and
commercial markets. Kratos makes true internally funded
research, development, capital and other investments, to rapidly
develop, produce and field solutions that address our customers’
mission critical needs and requirements. At Kratos,
affordability is a technology, and we seek to utilize proven,
leading edge approaches and technology, not unproven bleeding edge
approaches or technology, with Kratos’ approach designed to reduce
cost, schedule and risk, enabling us to be first to market with
cost effective solutions. We believe that Kratos is known as
an innovative disruptive change agent in the industry, a company
that is an expert in designing products and systems up front for
successful rapid, large quantity, low cost future manufacturing
which is a value add competitive differentiator for our large
traditional prime system integrator partners and also to our
government and commercial customers. Kratos intends to pursue
program and contract opportunities as the prime or lead contractor
when we believe that our probability of win (PWin) is high and any
investment required by Kratos is within our capital resource
comfort level. We intend to partner and team with a large,
traditional system integrator when our assessment of PWin is
greater or required investment is beyond Kratos’ comfort level.
Kratos’ primary business areas include virtualized ground systems
for satellites and space vehicles including software for command
& control (C2) and telemetry, tracking and control (TT&C),
jet powered unmanned aerial drone systems, hypersonic vehicles and
rocket systems, propulsion systems for drones, missiles, loitering
munitions, supersonic systems, space craft and launch systems,
C5ISR and microwave electronic products for missile, radar, missile
defense, space, satellite, counter UAS, directed energy,
communication and other systems, and virtual & augmented
reality training systems for the warfighter. For more
information, visit 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
31, 2023, 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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