Kratos Receives $5.9 Million Contract for U.S. Navy Electronic Attack Platform
February 12 2015 - 6:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
its Electronic Products division has received an order valued at
$5.9 million for the production of Integrated Microwave Assemblies
(IMA) for a critical U.S. Navy platform. This award, from an
existing customer, is related to continuing production on a long
term Electronic Attack (EA) airborne platform. No additional
details are being provided due to customer and other sensitivities.
Richard F. Poirier, President of Kratos' Electronic Products
Division, commented, "This order is the latest significant award
received from this prime contractor for complex integrated
assemblies. These assemblies will be manufactured at Kratos' New
England facility and are critical elements of high performance
sensor systems. Kratos has participated on this program for many
years and continues to be a valued supplier providing sophisticated
subsystems for this U.S. Navy aircraft."
About Kratos Defense & Security
Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a
specialized National Security technology Company providing mission
critical products, solutions and services 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, electronic warfare,
unmanned systems, missile defense, cyber warfare, cybersecurity,
information assurance, and critical infrastructure security. Kratos
has primarily an engineering and technically oriented work force of
approximately 3,600. 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.
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 product failure, general economic conditions and
cutbacks in 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
29, 2013, and in subsequent reports on Forms 10-Q and 8-K and other
filings made with the SEC by Kratos.
CONTACT: Press Contact:
Yolanda White
858-812-7302 Direct
Investor Information:
877-934-4687
investor@kratosdefense.com
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