Kratos' Composite Engineering, Inc. Receives $6.3 Million Single Award Contract to Provide Unmanned Aerial Target Systems to the Republic of Korea Agency for Defense Development
SAN DIEGO, Oct. 25, 2012 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that its Composite Engineering, Inc. (CEI) subsidiary has received a $6.3 million single award baseline contract from the Korean Agency for Defense Development (ADD) for the supply of unmanned aerial targets and associated hardware. Specialized hardware and equipment in support of the contract will be provided by three Kratos entities:
CEI, located in Sacramento, CA, will lead the effort and provide high performance aerial target drones, launch equipment, ground support equipment, spares, training, integration support and program management.
Micro Systems Inc., located in Ft. Walton Beach, FL, will support the program by providing the command and control ground station, target test set and avionics utilized on the target drone.
- Herley Industries, Inc., located in Lancaster, PA, will provide high performance radar altimeters.
Performance on the contract will commence immediately, with deliveries scheduled to complete in 2013. Unmanned aerial target drone systems are utilized as high fidelity enemy threat surrogates, simulating performance characteristics of the threat aircraft and missiles, by militaries around the globe for weapons testing and training requirements.
Richard Selvaggio, President of Kratos' Unmanned Systems Solutions Division, said, "Continuing to provide target drones to the Korea ADD marks yet another milestone in CEI's expanding access to international markets. With this award, CEI products will support friendly forces from around the world that deploy to this international location for test and training activities."
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.
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