Kratos Acquires Jet Powered Unmanned Aerial System Engineering Leader 5-D Systems
November 20 2020 - 7:01PM
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a
leading National Security Solutions provider and industry-leading
provider of high-performance, jet-powered unmanned aerial systems,
announced today that it has acquired 5-D Systems, Inc., a CMMI
Level 3 Systems and Software Engineering company with facilities in
the Austin, Texas area and in Huntsville, Alabama. 5-D is
well-known in the defense/aerospace industry for its more than 20
years of experience as a small business designing, developing,
integrating, testing, modifying and supporting unmanned, manned,
and optionally-piloted vehicles (OPV) / aviation systems; and also
providing technical/logistics/program SETA / A&AS support on
government sites.
In addition to developing systems for the
Department of Defense and other major customers, 5-D has been a
subcontractor/teammate of Kratos on many of its systems and
programs including the XQ-58A and aerial target systems. 5-D’s core
philosophies align well with Kratos’ affordability mantra and
development/application of leading edge, rather than bleeding edge,
technology.
5-D will be a company within the Kratos Unmanned
Systems Division and will function as the Systems Engineering hub
for the division, leveraging its systems/software engineers, CMMI
Level 3 pedigree, and the technology rich resources available in
the Austin area. With the Army Futures Command headquartered in
Austin, and with major defense/aerospace primes, plus other key
defense/aerospace agencies including the Defense Innovation Unit
located in Austin and the surrounding area, Austin is a strategic
location for DoD-focused technology development, as well as being
geographically convenient in the center of the country. Kratos’
tactical UAS production facility is in nearby Oklahoma City which
will benefit from engineering capabilities now being available from
Austin.
Eric DeMarco, President and CEO of Kratos, said,
“Kratos is a technology company operating in the defense space.
Establishment of an engineering-focused Kratos facility in Austin
is a logical step and has been a strategic goal of the corporation
for some time. The acquisition of this long-term teammate enables
us to immediately achieve our goal, while seamlessly complementing
and expanding our engineering team with capability and credentials
to help with our continually growing unmanned tactical and target
system development efforts. 5-D brings specific new capabilities to
Kratos with their legacy manned conversion (Optionally Piloted
Vehicle) and larger aircraft experience including the QF-4, with
the associated runway takeoff and landing modes that have direct
application on several Kratos pursuits. We are excited about being
well-positioned with a Kratos technology center near several key
customers and with the continuing expansion of our capability and
experience in high performance unmanned jet drone systems.”
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 is rapidly brought to market through proven
commercial and venture capital backed approaches, including
proactive research and streamlined development processes. At
Kratos, affordability is a technology, and we specialize 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, please
visit 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. 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
29, 2019, 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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