Kratos Receives $5.1 Million in C5ISR Program Production Awards
October 25 2019 - 7:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
it has recently received $5.1 million in Command, Control,
Communication, Computing, Combat, Intelligence, Surveillance and
Reconnaissance System (C5ISR) program related production awards.
Kratos is a leading provider of products in support of C5ISR
programs and systems including, unmanned systems, missile defense,
high power directed energy, radar, and surface combatants. Contract
awards will be performed at secure Kratos manufacturing facilities.
Due to customer related, competitive and other considerations, no
additional information will be provided related to these contract
awards.
Tom Mills, President of Kratos C5ISR Modular
Systems Division, said, “The recapitalization of strategic weapon
systems is providing our business numerous large opportunities, and
our current opportunity pipeline is extremely sound and growing,
including new large programs of record. These recent contract
awards are representative of our unique capabilities to support
leading C5ISR programs for our customers.”
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
30, 2018, 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 Direct
Investor
Information:877-934-4687investor@kratosdefense.com
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