SAN DIEGO, May 12, 2010 (GlobeNewswire via COMTEX News Network) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security, Information Technology, Assurance and Public Safety Solutions provider, today announced the award to its Weapon Systems Solutions Division in Huntsville, Alabama of a five year Broad Agency Announcement (BAA) contract for "Innovative Missile Design, Multi-Spectral Hardware-in-the-Loop (HWIL) Testing, Simulation, and Sensor Technology Development by the U.S. Army Aviation and Missile Research, Development and Engineering Center (AMRDEC) Weapons Development and Integration (WDI) Directorate. The BAA is a contract vehicle used by U.S. Government agencies to contract for innovative technologies, scientific study, and applied research. Task orders will be issued for specific technology support throughout the life of this contract. The Kratos Team included our subcontractors, Torch Technologies, Inc. and AeroThermo Technology, Inc. This contract will enable Kratos and our teammates to provide innovative technology support to AMRDEC in a broad range of technology areas including: guidance system and sensor technologies, simulator technologies, missile and aviation component technologies, and modeling and simulation. The purpose of this effort is to advance the state-of-the-art capabilities in these technology areas through innovative research and extend WDI capabilities.
Along with the contract award, the Kratos Team also received the award of the first task order under this BAA for "Innovative Missile Design, Simulation and Test Technologies." The Kratos Team will provide AMRDEC WDI with specific Modeling and Simulation (M&S) and systems analysis support.
"This award again confirms our leading role and commitment to providing our customers with unique solutions in the fields of research and engineering," said Stacey Rock, Senior Vice President of Kratos' Weapon Systems Solutions Division. "Kratos has been very successful in demonstrating innovation in a broad range of advanced technologies and this AMRDEC BAA, along with other recent agency BAA wins, demonstrates not only our highly skilled technical ability, but also our ability to translate real-world customer needs into innovative state-of-the-art solutions."
This contract will enable our AMRDEC customers to extend aviation and missile system simulator, testing and sensor technology through the development of innovative HWIL systems including Target Simulator Systems (TSS) and Flight Motion Simulators (FMS) advancing real time HWIL capabilities including multi-spectral sensor test scenarios.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) provides mission critical engineering, IT services, strategic communications 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; 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.
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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 firstname.lastname@example.org
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