Kratos Unmanned Systems Solutions Division Awarded $6.1 Million in Contracts to Provide Specialized Products in Support of National Security Programs
SAN DIEGO, Jan 02, 2013 (GLOBE NEWSWIRE via COMTEX) --
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Unmanned Systems Solutions (USS) division has recently been awarded contracts totaling $6.1 million to provide specialized products in support of certain National Security programs. The equipment is being produced in a secure Kratos manufacturing facility. No additional information related to these recent contract awards is being provided due to customer specific, program related and other sensitivities.
Eric DeMarco, President and CEO of Kratos, commented, "As we begin 2013, approximately 70 percent of Kratos business is related to the manufacture, production or support of specialized or technology based products supporting United States or Allied Country's National Security priority areas. Additionally, a significant portion of Kratos business is focused on strategic platforms and programs, including unmanned aerial systems, ballistic missile defense, electronic warfare, satellite communications, and aerial targets or drones, where Kratos products are designed-in and critical to the overall system and mission. These recent contract awards are directly related to Kratos strategic focus on specialized products in support of mission critical National Security programs."
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized National Security technology business providing mission critical products, services and solutions for United States National Security. Kratos' core capabilities are sophisticated engineering, manufacturing and system integration offerings for National Security platforms and programs. Kratos' areas of expertise include Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance (C5ISR), satellite communication systems, unmanned systems, cyber warfare, cyber security, information assurance, and critical infrastructure security. Kratos has primarily an engineering and technically oriented work force of approximately 4,400. The vast majority of Kratos' work is performed on a military base, in a secure facility or at a critical infrastructure location. Kratos' primary end customers are National Security related agencies. News and information are available at www.KratosDefense.com.
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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, including risks related to general economic conditions and cutbacks in government spending. 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. 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 25, 2011, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
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