Kratos Selected for $2.7M Healthcare Information Technology, Communication System and Patient Safety Contract, Including Options
SAN DIEGO, Oct 21, 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 its Public Safety and Security segment has been selected for a $2.7 million dollar information technology, communication system and patient safety contract for a major national healthcare provider. Kratos will be involved in the deployment and installation of a Rauland-Borg nurse call and patient safety, care and communication system, which will be integrated with other critical path hospital communication and information technology systems. The base value of this total potential $2.7 million dollar award is approximately $1.4 million, with up to an additional $1.3 million of work if all options are exercised by the customer.
Kratos' Public Safety and Security segment provides specialized expertise in the design, deployment, integration, operation and maintenance of sophisticated security, communications and public safety systems. The systems integration and security expertise of Kratos includes the areas of Video Surveillance and Analytics, Physical Integrated Security and Building Automation including Access Control, Identity Management, Biometrics, Surveillance, and total Strategic Asset Perimeter Protection.
Ben Goodwin, President of Kratos' Public Safety and Security segment, said, "Kratos has a substantive practice, capabilities and qualifications in the area of healthcare information technology, communications and security systems, including systems which specifically provide for the safety and well being of healthcare patients. I am extremely proud of the entire Kratos Public Safety and Security team for this selection by our customer, and the confidence that they have in us for the installation and integration of these systems. This selection, coupled with our recently announced $6.6 million in security system awards, reflects recognition of the critical responsibility of industry to protect its assets, information, clients, customers, and employees, and we are pleased to play a leading role in enabling our customers to reach those important goals."
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 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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