Kratos C5ISR Business Receives Initial $2.7 Million Production Order on New Combat System Program of Record
January 08 2020 - 7:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
its Command, Control, Communications, Computing, Combat &
Intelligence, Surveillance and Reconnaissance (C5ISR) Modular
Systems Division has recently received an approximate $2.7 million
initial production order on a new to Kratos Combat System Program
of record. Kratos C5ISR Modular Systems Division is a leading
provider of products, hardware, systems and subsystems in support
of unmanned aerial vehicle, high powered directed energy, missile,
missile defense, radar, surface combatant and other combat and
weapon systems and programs. Work under this recent contract award
will be performed in secure Kratos production facilities. Due to
customer related, competitive and other considerations, no
additional information will be provided related to this recent
contract award.
Tom Mills, President of Kratos C5ISR Modular
Systems Division, said, “A key element of our strategy is to
achieve designed in positions or contract awards on large, long
term, multi-year C5ISR programs of record, and we are proud to have
been selected to support this national security priority
platform.”
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 DirectInvestor
Information:877-934-4687investor@kratosdefense.com
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