SAN DIEGO, July 2, 2012 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc.(Nasdaq:KTOS), a leading National Security Solutions provider, announced today that Richard Poirier has been promoted to President of its newly formed Electronic Products Division. In this position, Mr. Poirier will report directly to Eric DeMarco, Kratos' President and CEO. The promotion supports Kratos' enhanced focus on strategic priority areas, including electronic warfare, electronic attack, intelligence, surveillance and reconnaissance (ISR) and tactical and
strategic missile systems. Major programs Kratos' Electronic Products Division is currently supporting include the EA-18G Growler, P8a-Poseidon, BAMS, AEGIS, Rivet Joint, Iron Dome, Arrow, David's Sling, Patriot, AMRRAM and Trident.
Mr. Poirier joined Kratos in 2011 following the acquisition of Herley Industries, Inc. Prior to the acquisition, he was the President and CEO of Herley and following the transaction has been in the role of President of a key business unit within Kratos. Mr. Poirier has 25 years in the electronic warfare, electronic attack and ISR sectors.
Mr. Poirier said, "Kratos' electronic products business over the past few years has further positioned itself as one of the leading RF and microwave technology providers in the national security industry, and the formation of this new division emphasizes the success of our team in executing on the strategy Kratos and Herley agreed to when we combined the businesses last year. I am very proud of our entire team and the confidence the Kratos organization has in our group as one of the major strategic focus areas of the corporation."
Mr. DeMarco commented, "I want to extend my personal and all of Kratos' congratulations to Rich Poirier for his promotion to President of Kratos' newly formed Electronics Products Division. Rich is an outstanding leader, manager and executive, and he and his team are building an incredible business in some of our country's most important and mission critical national security areas. The creation of Kratos' Electronic Products Division, with Rich as President, will enable Kratos to focus some of the best executive talent in our company, along with the resources within the organization, on one of the key opportunity
areas for our Company."
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized National Security technology business providing mission critical products, services and solutions for United States National Security priorities. Kratos' core capabilities are sophisticated engineering, manufacturing and system integration offerings for National Security platforms and programs. Kratos' areas of expertise include Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance (C5ISR), satellite communication systems, unmanned systems, cyber warfare, cybersecurity, information assurance, critical infrastructure security and weapons systems sustainment. Kratos has primarily an engineering and technical oriented work force of approximately 4,400, many of whom hold an active National Security clearance,
including Secret, Top Secret and higher. The vast majority of Kratos' work is performed on a military base, in a secure facility or at a critical infrastructure location. Kratos' primary end customers are United States Federal Government agencies, including the Department of Defense, classified agencies, intelligence agencies and Homeland Security related agencies. 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
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, including risks related to general economic conditions and cutbacks in government spending. 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 25, 2011, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
CONTACT: Press Contact:
Yolanda White
858-812-7302 Direct
Investor Information:
877-934-4687
investor@kratosdefense.com
Source:
Kratos Defense & Security Solutions, Inc.
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