SAN DIEGO, April 20, 2016 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Modular Systems Division (MSD) has received a contract award of approximately $5.0 million for specialized Hardened Tactical Facilities to be deployed at an international location. MSD is a premier provider of hardened facilities for the protection of the warfighter and personnel deployed in tactical theaters of operation and other locations. MSD is an industry leader of specialty modular and hardened systems, facilities and products which support National Security related and other programs, including unmanned aircraft, high power directed energy systems, electromagnetic railgun, missile and radar systems, C4ISR, CBRNE and combat platforms. Kratos MSD will produce the hardened tactical facilities under this contract at a secure manufacturing facility. Due to customer related and other considerations, no additional information will be provided related to this contract award.
Tom Mills, President of Kratos’ Modular Systems Division, said, “We are proud to have received this contract award and have our customer’s confidence in our hardened protective facility solutions.”
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a mid-tier government contractor at the forefront of the Department of Defense's Third Offset Strategy. The Company is a leading technology, intellectual property and proprietary product and solution based business, addressing the United States and its allies' National Security priorities. Kratos' primary focus areas are unmanned systems, satellite communications, microwave electronics, cyber security/warfare, missile defense and combat systems. Kratos has primarily an engineering and technically oriented work force of approximately 2,600 with a substantial number of the Company’s employees holding National Security Clearances. Virtually 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. 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. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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 27, 2015, 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.