Kratos Announces Participation in Key UAV and Aviation Technology Exposition
SAN DIEGO, Jul 16, 2009 (GlobeNewswire via COMTEX News Network) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading national security, information technology and public safety solutions provider, today announced that it is participating in this week's United States Air, Trade and Technology Exposition, being held in Dayton, OH. The expo features presentations and exhibits by business partners, educational institutions and senior DoD and FAA officials exploring opportunities for research and development support. Kratos is actively supporting this event, and believes that expositions of this type are critical for the United States to keep and maintain its lead in aviation.
Craig McPherson, who is a Vice President for Kratos Government Solutions and is the former Air Force Program Manager for Global Hawk, one of the most successful large Unmanned Aerial Vehicles (UAVs) to date, is leading the Unmanned Aircraft Systems track for the expo. Kratos believes that UAVs and UASs will be a major focus area in aviation's future. This track explores where UAVs are going in the future, how to move current capabilities into the future, a review of large UAVs and the migration to small and micro UAVs, future concepts for UAV command and control, and new uses and types of UAV missions. In addition, Kratos, as a leader in sensor technology, is supporting the sensors track with a discussion on Polarimetric imaging sensors.
Howard Bates, President of Kratos Government Solutions, said, "Participation in this important event underscores our growing capabilities in the UAV arena, high end sensor market, and is complimented by our most recent successful flight test of our canister-launched NLOS-T unmanned system."
The NLOS-T is a program for a canister launched missile or unmanned system capable of delivering a variety of lethal and non-lethal payloads, and of providing Intelligence, Surveillance and Reconnaissance information, and is completely autonomous using a GPS assisted Inertial Navigation System (INS) to fly a pre-programmed mission. The NLOS-T program was created to demonstrate a dramatically unique approach toward the development of flexible and affordable, yet highly effective weapon systems.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) provides mission critical engineering, IT services and war fighter solutions for the U.S. federal government and for state and local agencies. Principal services include C4ISR, weapon systems sustainment, military weapon range operations and technical services, network engineering services, information assurance and cybersecurity solutions, security and surveillance systems, and critical infrastructure design and integration. The Company is headquartered in San Diego, California, with resources located throughout the U.S. and at key strategic military locations. News and information are available at www.KratosDefense.com.
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Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements including, without limitation, expressed or implied statements concerning the Company's expectations regarding market developments. Such statements are only predictions, and the Company's actual results may differ materially. Factors that may cause the Company's results to differ include, but are not limited to: risks of adverse regulatory action or litigation; failure to ultimately settle ongoing litigation; risks associated with debt leverage; risks that changes or cutbacks in spending by the U.S. Department of Defense may occur, which could cause delays or cancellations of key government contracts; failure to successfully consummate acquisitions or integrate acquired operations and competition in the marketplace which could reduce revenues and profit margins. The Company undertakes no obligation to update any forward-looking statements. These and other risk factors are more fully discussed in the Company's Annual Report on Form 10-K for the period ended December 29, 2008, the Company's Quarterly Report on Form 10-Q for the period ended March 30, 2009, and in other filings made with the Securities and Exchange Commission.
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SOURCE: Kratos Defense & Security Solutions, Inc.
Kratos Defense & Security Solutions, Inc. Press Contact: Rob Babbush 858-812-7309 Investor Information: 877-934-4687 investor@kratosdefense.com
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