Kratos Names Sam Liberatore to its Board of Directors
SAN DIEGO, Jan 20, 2009 (GlobeNewswire via COMTEX News Network) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading national defense, IT and security solutions provider, today announced that the Company has named Sam Liberatore to its Board of Directors, effective January 19, 2009.
Sam Liberatore served 30 years in the United States Army where he held a variety of positions related to weapons system operations, research, development and acquisition before retiring as a Colonel. Following his military career, Mr. Liberatore was the Chief Operating Officer for Madison Research Corporation, building it from approximately $3 million in annual revenue to $64 million, until its acquisition by Kratos in 2006, and was President of Kratos' Weapon Systems (Madison Research) division until he retired in December of 2008. Mr. Liberatore holds a Masters Degree in Guided Missile Engineering from the University of Texas El Paso. He resides in Huntsville, AL.
Scott Anderson, who currently serves on the Kratos Board, said, "Over the past 2 years we have transformed the Company and built the management team to make Kratos what it is today. We are augmenting the Board with additional relevant government contracting experience as we continue building the leading mid tier national and Homeland Security company in the industry. Sam's background provides us with invaluable industry experience and I look forward to working with him."
Scot Jarvis, who is also a current Board member, explained, "One of Kratos' key business areas is Weapons Systems Sustainment and Reset, where Sam has significant experience. In addition, we are building a significant Foreign Military Sales (FMS) business and Sam's vast experience in this area will be invaluable to us. We all welcome Sam to the Kratos Board."
Eric DeMarco, President and CEO of Kratos, remarked, "The Army is one of Kratos' largest and most important customers. The 30 years Sam spent serving in the U.S. Army, in addition to his years of experience in working with Army customers, will provide our Board with critical insight and knowledge. Before his retirement, Sam had been responsible for one of Kratos' best run and most profitable businesses over the past several years. Furthermore, one of Kratos' largest customer and employee concentrations is in Huntsville, Alabama where Sam has lived for 24 years and is extremely well known in the community. We are very pleased that Sam has accepted a position on our Board of Directors."
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 lifecycle support, military weapon range and technical services, network engineering services, advanced IT services, 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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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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