Kratos Awarded Security System Integration Contract Work Valued Over $5 Million
SAN DIEGO, Jul 8, 2010 (GlobeNewswire via COMTEX News Network) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, today announced that its Public Safety and Security business has recently received new security system design, deployment and integration contract work valued at more than $5 million. The new contract awards include security system design, deployment, integration, perimeter protection, building automation and/or other systems work for a large regional airport located in the United States, a manufacturing facility, a large banking facility, a campus for higher education and other customers.
"These new awards continue to demonstrate the confidence our customers have in our ability to perform as a trusted advisor and contractor on some of their most sensitive and important physical security work," said Ben Goodwin, President of Kratos' Public Safety and Security Segment. "We have an outstanding staff of experienced professional technicians who continue to demonstrate through their performance a commitment to the success of our customers."
Kratos' Public Safety and Security segment specializes in designing, deploying, integrating, operating and maintaining security systems for strategically important assets and infrastructure primarily located in the United States. This business unit of Kratos specializes in the design, deployment, integration and operation of security and other solutions, utilizing CCTV, analytic, biometric, facility, environmental, access control, perimeter protection and sensor products, solutions and systems, as well as building automation.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) provides mission critical products, services and solutions for United States National Security. Principal products, services and solution offerings relate to and support C5ISR, 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 security system 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.
The Kratos Defense & Security Solutions, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3519
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; 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 27, 2009, the Company's Quarterly Report on Form 10-Q for the period ended March 28, 2010, and in other filings made with the Securities and Exchange Commission.
This news release was distributed by GlobeNewswire, www.globenewswire.com
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
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
News Provided by COMTEX