SAN DIEGO, Sept. 11, 2012 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today it has been awarded a $10.5 million task order under its $100 million U.S. Army Multiple Award Prime Contract (MAC) for Theoretical Studies and Engineering Research (TSER). The Naval Surface Warfare Center Port Hueneme Detachment White Sands (NSWC PHD Det WS) utilizes the TSER contract to support various national security related customers, including the Missile Defense Agency (MDA) and the Aegis Ballistic Missile Defense (BMD) Program.
The Aegis BMD system is designed to defend against foreign and adversarial missile threats during the mid-course phase of flight. Under this task order award, the Rocket Support Services (RSS) Business Unit of Kratos will provide sub-orbital rocket vehicle related hardware, certain other specialized products, engineering, technical services and launch support for a series of Ballistic Missile Defense related missions planned over the next two years.
Dave Carter, President of Kratos' Defense & Rocket Support Services (KDRSS) Division, noted, "We are extremely pleased with this award, and I am personally very proud of our entire RSS team for the support we are providing our customers for critical national security priority initiatives. The specialized products, engineering and technical services to be provided by Kratos under this task order will support the test and evaluation of several critical ballistic missile defense programs, and these very unique Kratos products and offerings represent key strategic differentiators for our Company."
Eric Demarco, President and CEO of Kratos, noted, "This award clearly demonstrates the continued successful execution of our stated strategy to align Kratos' business and our specialized products and technology with our Nation's highest-priority security related programs and initiatives, including ballistic missile defense and hypersonic vehicle initiatives. Our recently expanded RSS facility in Glen Burnie, MD provides additional laboratory, test, integration, warehouse and administrative space, which will be used to support this award and the overall growth Kratos' Rocket Support Services business has been
generating."
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. 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, cyber security, information assurance, and critical infrastructure security. Kratos has primarily an engineering and technically oriented work force of approximately 4,400. 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 National 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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