Kratos Wins $579M Single Award IDIQ for Space Force SATCOM C2 System
February 13 2024 - 3:30PM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
technology company in the defense, national security and global
markets, announced today that it is the single recipient for the
Command and Control (C2) System Consolidated (CCS-C) Sustainment
and Resiliency (C-SAR) indefinite-delivery/indefinite-quantity
(IDIQ) contract with a maximum value of $579 million, if all
options are exercised. The start date is December 1, 2023, with
options going to May 31, 2032. Future task/delivery orders will be
issued to support operations, sustainment, or enhancements of the
CCS-C and related systems.
C-SAR ensures secure and integrated
communications for the U.S. MILSATCOM requirements. CCS-C provides
consolidated MILSATCOM tracking, telemetry and command capability
for the Space Force Space Systems Command (SSC), Space Delta 8 for
on-orbit and anomaly resolution operations. The CCS-C program
develops the C2 system for most U.S. MILSATCOM systems including
the Defense Satellite Communications System, Milstar, Wideband
Global SATCOM and Advanced Extremely High Frequency satellites.
Phil Carrai, President of the Kratos Space,
Training and Cyber Division, said, “Through CCS-C, Kratos supports
the U.S. military with the satellite-based services to achieve
their mission. This is an important recompete win for one of our
largest space domain contracts. Kratos is one of the few companies
that can provide a mix of cutting-edge technology and expertise to
strengthen global capabilities of the U.S. Space Force, other
branches of the U.S. military and international
allies.”
The C-SAR contract provides sustainment,
post-production development services and enhancements for the CCS-C
system. C-SAR provides satellite and communication system products,
hardware and equipment in support of the SSC’s mission to develop,
acquire, equip, field and sustain lethal and resilient space
capabilities.
"C-SAR is critical to delivering C2 services
required by the warfighter and Kratos will maintain
mission-specific requirements without risking gaps in operations,”
said Larry Lind, Senior Vice President of Kratos Federal Space.
“These services and solutions for the U.S. Space Force are
fundamental to addressing today’s competitive domain.”
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions,
Inc. (NASDAQ: KTOS) is a technology, products, system and
software company addressing the defense, national security, and
commercial markets. Kratos makes true internally funded
research, development, capital and other investments, to rapidly
develop, produce and field solutions that address our customers’
mission critical needs and requirements. At Kratos,
affordability is a technology, and we seek to utilize proven,
leading edge approaches and technology, not unproven bleeding edge
approaches or technology, with Kratos’ approach designed to reduce
cost, schedule and risk, enabling us to be first to market with
cost effective solutions. We believe that Kratos is known as
an innovative disruptive change agent in the industry, a company
that is an expert in designing products and systems up front for
successful rapid, large quantity, low cost future manufacturing
which is a value add competitive differentiator for our large
traditional prime system integrator partners and also to our
government and commercial customers. Kratos intends to pursue
program and contract opportunities as the prime or lead contractor
when we believe that our probability of win (PWin) is high and any
investment required by Kratos is within our capital resource
comfort level. We intend to partner and team with a large,
traditional system integrator when our assessment of PWin is
greater or required investment is beyond Kratos’ comfort level.
Kratos’ primary business areas include virtualized ground systems
for satellites and space vehicles including software for command
& control (C2) and telemetry, tracking and control (TT&C),
jet powered unmanned aerial drone systems, hypersonic vehicles and
rocket systems, propulsion systems for drones, missiles, loitering
munitions, supersonic systems, space craft and launch systems,
C5ISR and microwave electronic products for missile, radar, missile
defense, space, satellite, counter UAS, directed energy,
communication and other systems, and virtual & augmented
reality training systems for the warfighter. For more
information, 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
31, 2023, 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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