SAN DIEGO, Jan. 6, 2015 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that it has recently received several new modifications and an option exercise under an existing contract from the U.S. Air Force, totaling approximately $41.5 million in value. Work under these new awards will be performed over the next 36 months.
Kratos is a leading provider of products and solutions across the satellite ground segment, ranging from command & control (C2) to signal processing, RF interference mitigation, network operations, and cybersecurity. Kratos satellite products include EPOCH® IPS, the industry's leading satellite fleet management system; Monics®, the leading carrier management product; Compass® for managing satellite networks; and NeuralStar® for terrestrial network operations and Service Quality Management (SQM). Additionally, through its RT Logic subsidiary, Kratos delivers advanced products and equipment for space-to-ground communications, assured data transport, applied test & training and cyber/mission assurance. Kratos products and services have supported more than 85% of U.S. space missions and are used by more than 75% of the world's commercial operators.
"Kratos has been a long-standing partner with the U.S. Air Force for more than two decades, supporting programs large and small," said Robert Wright, Senior Vice President for Kratos' Federal Solutions. "These awards reinforce that relationship and we are proud to play a continuing role in assisting the Air Force to achieve its space and communications mission goals."
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.