Kratos (Nasdaq: $KTOS) High Performance Unmanned Aerial Drone Systems Successfully …

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  • Kratos (Nasdaq: $KTOS) High Performance Unmanned Aerial Drone Systems Successfully Complete Flight Test Series with Enhanced Capabilities

    SAN DIEGO – February 9, 2018 (Investorideas.com Newswire) Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced that it has successfully completed a series of flight tests related to its high performance unmanned aerial drone systems. Through the flight test missions, Kratos was able to test and demonstrate numerous upgrades and enhancements to the aerial drone system, and validate the system’s enhanced capability to support Kratos customers and their missions around the globe. Kratos Unmanned Systems business is an industry leader in the rapid design, demonstration and fielding of affordable, high performance jet powered unmanned aerial drone systems used for tactical and threat representation (target) missions. Due to competitive and other considerations, no additional information will be provided.

    Eric DeMarco, President & CEO of Kratos, said, “Kratos’ continued focus on developing increased and enhanced mission capability is extremely important to both our international and domestic customers. These recent successful tests enable us to apply Kratos unmanned aerial drone systems to a rapidly increasing number of mission types with an increasing number of customer sets. As we evolve our capabilities and increase the capability and level of threat representation, we are sharing many of these enhancements across our portfolio of high performance jet powered unmanned aerial drone systems to maintain our technological and low cost advantage in the industry, which is a clear competitive differentiator for Kratos. We are currently working toward a large production contract with a new international customer which we hope to receive in the next several months.”

    About Kratos Defense & Security Solutions

    Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to .

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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. 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 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

    Press Contact:

    Yolanda White

    858-812-7302 Direct

    Investor Information:

    877-934-4687

    More Info:

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    Kratos (Nasdaq: $KTOS) High Performance Unmanned Aerial Drone Systems Successfully Complete Flight Test Series with Enhanced Capabilities

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    Kratos Selected to Participate in Air Force TETRAS Program Under $998 Million Multiple Award …

    SAN DIEGO, Calif., Jan. 31, 2018 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its subsidiary, Kratos RT Logic, is among 14 organizations awarded a shared ceiling, multiple award indefinite-delivery/indefinite-quantity (IDIQ) contract in the amount of $998,000,000 for the Test & Evaluation Technologies for Ranges, Armaments & Spectrum (TETRAS) program.

    The TETRAS program seeks to rapidly develop and apply specialized hardware, software and prototype systems that will be used for the test, training and evaluation of Command, Control, Communications, Computer, Intelligence, Surveillance and Reconnaissance (C4ISR), munitions systems, and electronic combat/countermeasures. The Air Force Test Center at Eglin Air Force Base, Florida, is the contracting authority for the program.

    Kratos is a leading-edge provider of products and service solutions for assured aerospace communications used in defense, civil and commercial applications. These include monitoring range signals and radio frequencies (RF) for the protection of data from satellites and UAVs, along with research, development, test and evaluation of weapon systems, subsystems and components. The TETRAS contract will also provide an acquisition vehicle for Kratos’ broader array of technology and communications solutions from signal processing and RF management, to advanced cybersecurity products, telemetry signal simulators, range receivers, and RF-over-IP technology, as well as, potentially, Kratos’ portfolio of targets and drones.

    According to Frank Backes, VP of Business Development, “At a time when our adversaries have stepped up their resolve to challenge the U.S. strategic space advantage, it is critical that we deploy a more resilient space architecture. The enhancement of range test and evaluation technologies is one of a number of DoD ground initiatives Kratos is actively engaged in, including Enterprise Ground Services (EGS) and the Wideband Communications Architecture Study (WCAS), among others.”

    About Kratos Defense & Security Solutions

    Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to 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 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

    Press Contact:

    Yolanda White

    858-812-7302 Direct

    Investor Information:

    877-934-4687

    investor@kratosdefense.com

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    Kratos Receives $20 Million Electronic Warfare System Production Contract Award

    SAN DIEGO, Jan. 04, 2018 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Microwave Electronics Division (MED) has recently received an approximately $20 million contract award for initial production of microwave electronic products in support of a new, state-of-the-art airborne electronic warfare system. Kratos is an industry leader in microwave electronic sub-systems and components which support a broad range of national security and international programs. These include missile programs for surface-to-air, air-to-air and naval applications, radars, precision guided munitions, electronic warfare, network centric warfare and communications platforms and programs. Work under this contract award will be performed at secure Kratos manufacturing facilities. Due to customer related, competitive and other considerations, no additional information will be provided related to this contract award.

    Yonah Adelman, President of Microwave Electronics Division, said, “Our entire organization is proud to have been selected by this customer for these sophisticated microwave electronic products in support of this new airborne platform and program. Based on current expectations, we are hopeful that this initial production order will be just the beginning of one of the largest and longest running programs in our organization.”

    Eric DeMarco, President and CEO of Kratos, said, “All of Kratos is extremely proud of Yonah and his team receiving this initial production award on the new and exciting program. Kratos MED over the past few years has been successfully executing its strategy of becoming designed in as a sole source on a number of new national security related and other platforms and programs, and we are hopeful that there are several additional programs that we will begin production on in the future.”

    About Kratos Defense & Security Solutions

    Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to 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 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

    Press Contact:

    Yolanda White

    858-812-7302 Direct

    Investor Information:

    877-934-4687

    investor@kratosdefense.com

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    Kratos Announces $46 Million Single Award Training Contract To Support Royal Saudi Naval Forces


    Total Potential Value of Over $100 Million If All Future Task Orders Issued

    SAN DIEGO, Sept. 05, 2017 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that it received a Foreign Military Sales (FMS) sole-source, three-year, single award indefinite delivery indefinite quantity (IDIQ) contract to provide training-related products and services in a variety of disciplines to Royal Saudi Naval Forces (RSNF), the Naval Force of the Kingdom of Saudi Arabia. The award, issued by Naval Air Warfare Center Training Systems Division (NAWCTSD), is contained in a U.S. FMS agreement with a potential value to Kratos of $100 million, depending on the number of task orders issued and anticipated contract modifications under the FMS agreement.

    Kratos’ initial award is $46 million over three years. Kratos will provide Manpower, Personnel & Training (MPT) planning as well as instructional services for a broad array of missions, functions and tasks. The first task order, valued at $24.1 million, is to provide Contractor Support Services to all levels of RSNF training along with other logistical requirements in the Kingdom of Saudi Arabia. Across future task orders, Kratos will deploy personnel in-country to provide training related products and services for a three-year period.

    The mission of this single award contract is to sustain levels of military preparedness and performance, increase the protection of critical industrial infrastructure and further strengthen defense interoperability with U.S. and other allied forces. Additionally, the award is expected to enhance U.S. foreign policy and national security objectives by helping to improve the security of a strategic regional partner.

    Jose Diaz, Sr. Vice President of Kratos’ Training Division, said, “The award is another example of the rapid and successful international expansion of our training services in areas including the Middle-East, Australia and Europe. More importantly, this award provides Kratos the opportunity to aid U.S. efforts to support its allies through our extensive portfolio of military-focused aircrew and maintenance technical training skills, programmatic and logistics support, and instructional services for ground, sea and air platforms.”

    About Kratos Defense & Security Solutions

    Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries is brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to 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 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

    Press Contact:Yolanda White858-812-7302 DirectInvestor Information:877-934-4687investor@kratosdefense.com

    Source: Kratos Defense & Security Solutions, Inc.

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