Kratos Issues a Statement
Kratos’ core focus areas as a result of these integrated businesses include unmanned systems, satellite communications, microwave electronics, missile defense and training solutions. Over the past few months, Kratos has announced approximately
Today, approximately 75 percent of the largest satellite operators in the world and approximately 90 percent of U.S. Space missions rely on Kratos’ systems, products and solutions and Kratos believes that it currently operates the only company-owned global RF spectrum signal monitoring, interference detection and geolocation system in the world. Kratos recently announced the divestiture of its Public Safety & Security System (PSS) Integration business, which is expected to yield approximately
Based on the most recent publicly available information, Kratos believes that its insiders currently own approximately 15% of the Company. The Company believes this ownership percentage is among the highest insider ownership of a public company government contractor like Kratos, with Kratos’ management and Directors routinely purchasing Kratos shares in the open market, including over the past few weeks. As a result, Kratos believes the interests of its management and Board of Directors are clearly aligned with the Company’s shareholders—they remain focused on continued successful execution and value generation for all Kratos stakeholders. Kratos has nine reputable independent analysts which closely follow, research and publish reports on the Company, including certain of the largest banking institutions in the world, and we encourage the investing community to refer to these publications regarding our Company.
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. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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
Source: Kratos Defense & Security Solutions, Inc.