SAN DIEGO, Dec. 4, 2012 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc.(Nasdaq:KTOS), a leading National Security Solutions provider, announced today that it has entered into an exclusive partnership with BSC Partners, LLC (BSC) to produce aircrew training products and advanced aircrew training technology through mutual company commitments in product development and internal research and development.
Aircrew training is instrumental for completing successful aircraft missions when multiple crew members must work together on a common process. Aircrew duties during flights can include operations and maintenance of airborne equipment, performing tactical duties as flight engineers or as loadmasters or operating crew-served weapons. Kratos is a leader in advanced simulation and training technology solutions, including past aircrew development products such as the Medevac Crew Training System and Hoist Operations Training System for the H60 aircraft platform.
"We are excited about joining forces with BSC to develop advanced aircrew training solutions," said Jose Diaz, Senior Vice President for Kratos Training Solutions. "We have had a long working relationship with BSC, and this partnership provides a foundation for developing and producing the most technologically advanced products to support the Warfighter."
"We are very pleased to be partnered with Kratos. This partnership combines the state of the art production facility of Kratos with BSC's 20 years of experience in helicopter aircrew training systems, enabling our team to offer customers a comprehensive, high quality solution for their aircrew training requirements," said Greg Stanton, Chief Operating Officer at BSC Partners.
"With the tempo of military operations declining in Iraq and Afghanistan, the U.S. armed forces will be putting more and more emphasis on homeland training and training systems," commented Phil Carrai, President of Kratos' Technology & Training Division. "That, combined with ongoing budget challenges, means that deployed systems will be upgraded and their life cycle extended. This creates an environment of opportunity for Kratos as we work together with our partners to deliver cost effective solutions for aircrews and similar training needs."
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, cybersecurity, 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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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 general economic conditions and cutbacks in government 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 25, 2011, 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.