Kratos Receives $3.6 Million in Mass Transportation Critical Infrastructure Security Awards
SAN DIEGO, June 06, 2016 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Public Safety & Security Division (PSS) has recently received approximately $3.6 million in contract awards for the design, engineering, deployment and integration of specialized security systems into command and control infrastructure for two major mass transportation customers in the United States. The security systems to be deployed include access control, video surveillance, analytics, communications and other security assets and infrastructure. The security systems under these two contract awards will be deployed over the next several months.
PSS is an industry leader in the deployment and system integration into command and control infrastructure of specialized security systems protecting certain of the United States' most important critical infrastructure, strategic assets and public safety venues.
Ben Goodwin, President of Kratos' Public Safety & Security Solutions Division, said, "We are honored that our customers trust and have selected Kratos for the deployment of these unique and specialized security systems for the protection of their critical transportation infrastructure."
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a mid-tier government contractor at the forefront of the Department of Defense's Third Offset Strategy. Kratos is a leading technology, intellectual property and proprietary product and solution company focused on the United States and its allies' national security. Kratos is the industry leader in high performance unmanned aerial drone target systems used to test weapon systems and to train the warfighter, and is a provider of high performance unmanned combat aerial systems for force multiplication and amplification. Kratos is also an industry leader in satellite communications, microwave electronics, cyber security/warfare, missile defense and combat systems. Kratos has primarily an engineering and technically oriented work force of approximately 2,700. Substantially all of Kratos' work is performed on a military base, in a secure facility or at a critical infrastructure location. Kratos' primary end customers are National Security related agencies. News and information are available at www.KratosDefense.com.
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and
uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 27, 2015, and in subsequent reports on Forms 10-Q and 8-K and other filings made
with the SEC by Kratos.
Source: Kratos Defense & Security Solutions, Inc.
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