Kratos Awarded $5.4 Million in Workforce Training Contract for the U.S. Navy
SAN DIEGO, Oct 5, 2009 (GlobeNewswire via COMTEX News Network) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOSD), a leading provider of information technology, information assurance, public safety and workforce learning and performance services, today announced that it has been awarded a contract to develop new information technology training courses for the U.S. Navy's Journeymen Communications Core curricula.
The Kratos Workforce Learning and Performance team, working as a subcontractor to Northrop Grumman Corporation, will design, develop and deliver over 250 hours of training content using blended media such as computer-based training and simulations. The new courses will support operations of the Automated Digital Networking System, Global Broadcasting System, Super-High Frequency, High Frequency and Ultra-High Frequency circuits. Kratos recently completed delivery to the Navy of a similar training module for Extremely High Frequency (EHF) operations.
"It is gratifying to see that the quality of our past work has been validated with this new award. This project will allow us to leverage Kratos' experience with the Center for Information Dominance's (CID) performance objectives in fielding complex, technology-based learning solutions within the Navy's Integrated Learning Environment, " said Mike Bennett, General Manager of Kratos Workforce Solutions.
Center for Information Dominance is the Navy Learning Center that leads, manages and delivers Navy and joint force training in Information Operations, Information Technology and Cryptology. Annually, CID trains more than 16,000 officer and enlisted members from all U.S. military services and allied force military services.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOSD) 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 the amount of revenue that will ultimately be recognized under the contract described in this release. 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 that the customer will curtail or delay the work under the contract; 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 June 28, 2009, and in other filings made with the Securities and Exchange Commission.
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SOURCE: Kratos Defense & Security Solutions, Inc.
CONTACT: Kratos Defense & Security Solutions, Inc. Press Contact: Yolanda White 858-812-7302 Investor Information: 877-934-4687 investor@kratosdefense.com
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