Kratos Wins Place on U.S. Army Global Tactical Advanced Communication Systems (GTACS II) $5.1 Billion Multiple Award IDIQ Con...
January 16 2020 - 7:00AM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
it will participate in a multiple award
indefinite-delivery/indefinite-quantity (IDIQ) contract for U.S.
Army advanced communication systems. The new Global Tactical
Advanced Communication Systems II (GTACS II) contract vehicle will
allow multiple companies to compete for up to $5.1 billion over a
ten year period to support the U.S. Army Program Executive Office
Command, Control and Communications-Tactical (PEO C3T) and Project
Manager Tactical Network (PM Tactical Network).
The GTACS II contract will provide an
acquisition vehicle for Kratos’ broad array of communications
technology, including satellite solutions for signal processing to
advanced cybersecurity products, command and control, virtual
communications, SATCOM and tactical protected communications.
Kratos has assembled an elite sub-contractor team, including both
large and small companies to address GTACS II mission requirements.
Members of the sub-contracting team were chosen based on specific
strengths that complement Kratos capabilities to provide
innovative, flexible, open-architecture tactical communications
solutions. The team includes TMC Design Corporation, Navigator
Development Group Inc., Modern Technology Solutions, Teledyne Brown
Engineering Inc. and Ball Aerospace and Technology Corporation.
The U.S. Army seeks to rapidly develop
technology to support networked battle command solutions. GTACS II
will support the funding and is expected to run through January 5,
2030 with a five-year base period and a five-year option period.
This contract vehicle may be used by other agencies and
organizations in support of their missions.
“Kratos has a unique combination of terrestrial,
airborne, and space communication capabilities. When integrated
with strengths in system engineering, hardware manufacturing,
software development, training and field support, they form an
innovative, responsive, and best value supplier for GTACS II
customers,” said Frank Backes, Senior Vice President, Kratos Space.
He continued, “Efforts Kratos has put together with its partners
will help the Army achieve its goal of accelerating the adoption of
communication technologies supporting multiple domains.”
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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