Kratos Receives $25.5 Million Contract Award for Specialized Products in Support of Expeditionary Warfare Requirements
Kratos Defense & Security Solutions, Inc.(Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it recently received a $25.5 million single award Indefinite Delivery/Indefinite Quantity Fixed-Price contract for specialized products in support of certain expeditionary warfare requirements. The contract was competitively procured and has a five-year term. The specialized products to be provided under the contract will be produced in a secure Kratos manufacturing facility. No further information will be provided related to this contract award.
Eric DeMarco, President & CEO of Kratos, said, "Over the past few years we have been transitioning Kratos toward being a specialized products, differentiating technology and critical infrastructure security provider, and this recent contract award is representative of the execution of this strategy. Our entire organization is proud to support this important customer."
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) is a specialized National Security technology Company 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, electronic warfare, unmanned systems, missile defense, cyber warfare, cybersecurity, information assurance, and critical infrastructure security. Kratos has primarily an engineering and technically oriented work force of approximately 4,100. 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.
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 product failure, general economic conditions and cutbacks in 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 30, 2012, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.