SAN DIEGO, March 19, 2014 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Public Safety & Security (PSS) Division recently received a new $7.8 million critical infrastructure security system contract award. Under the contract award, Kratos will design, engineer, deploy and integrate into command and control infrastructure a leading technology security system for a mass transportation authority in a major city and metropolitan area in the United States. The security system that Kratos will be deploying will include video surveillance, analytics, access control and certain other specialized security related assets. Due to customer specific and other considerations, no additional information will be provided related to this contract award.
Ben Goodwin, President of Kratos' PSS Division, said, "Protecting mass transportation assets is a critically important responsibility, and the entire PSS organization is proud to have been selected the security system integrator for this complex deployment. Kratos' PSS business is currently deploying specialized security systems at certain of our country's most important strategic assets, critical infrastructure and public venues, and this new customer engagement will be a very high profile program within our company."
Eric DeMarco, President and CEO of Kratos said, "All of Kratos is pleased to have recently received this very important new contract award. These types of opportunities -- large new sophisticated security system deployments in the largest cities in the United States -- are extremely strategic by their very nature and are key to the continued growth trajectory of Kratos' Public Safety & Security Division. The entire Kratos team is looking forward to a long term relationship with 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 3,800. 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 29, 2013, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
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Source:Kratos Defense & Security Solutions, Inc.