SAN DIEGO, Aug. 7, 2014 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that Jerry Beaman, most recently President of Kratos' Unmanned Combat Aerial Systems Division (KUCAS), has been named President of Kratos' newly formed Unmanned Systems Division (KUSD). Mr. Beaman, as President of KUSD, will be responsible for all Kratos unmanned aerial, ground, sea borne, drone and combat system related programs and initiatives.
Approximately 20 percent of Kratos' total business supports various unmanned system or robotic programs and platforms, with KUSD being the single largest contributor to the unmanned area. KUSD is a leading provider of high performance unmanned aerial drone and target systems and command, control, communication and robotic systems for unmanned aerial, ground and sea borne platforms.
Eric DeMarco, President & CEO of Kratos, said, "The opportunities that Kratos has in the unmanned system areas are large and increasing, and we believe that we have the potential for significant growth if we successfully execute our strategy over the next few years. I am extremely pleased to announce Jerry Beaman as President of KUSD, where his leadership, experience and vision for Kratos' unmanned business and strategy align with our important customer relationships and the market opportunities we are pursuing.
Prior to joining Kratos, Mr. Beaman was Vice Admiral and Commander of the United States THIRD Fleet. He directed activities for 58,000 personnel responsible for homeland defense, support for civil authorities and for providing relevant training and certification for all West Coast naval forces, including four aircraft carrier strike groups, one expeditionary strike group, four large deck amphibious ships, over 70 surface combatants, 32 submarines and over 400 aircraft. In his naval career of 35 years, Vice Admiral Beaman also served as Deputy Chief of Staff Operations Global Force Management, Training and Experimentation, Fleet Forces Command; Deputy Chief of Staff Operations, Joint Forces Command; and Commander, Strike Force Training Pacific, in addition to numerous other positions.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized National Security technology Company providing mission critical products, solutions and services 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 3,600. Substantially all 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.