Kratos Announces Up to $5M Contract Award
Kratos Defense & Security Solutions (NASDAQ: KTOS) announced today that it has received a contract award with a potential value of $5 million to deploy a specialty security system that includes surveillance and access control security elements for an existing Kratos customer. The customer making the contract award to Kratos is in the education sector and located in the northeastern United States. The requirements of the contract include the design, engineering, installation and integration of the comprehensive security system, as well as repairs, parts and preventative maintenance. Due to customer specific, security related and other considerations, no additional information will be provided relative to this contract award.
Ben Goodwin, President of Kratos' Public Safety and Security Division, said, "We are pleased to have the confidence of this important customer to continue to provide leading security system solutions at multiple locations. A key business element of Kratos' public safety and critical infrastructure security business is the continuing relationship with many of our clients, including the subsequent operation or maintenance of the security systems we deploy, which is approximately 15 percent of our overall PSS business today. Providing state-of-the-art security