Kratos on Winning Team Awarded $1.9 Billion U.S. Air Force Design and Engineering Support Contract
23 Abril 2012 - 8:00AM
Kratos Defense & Security Solutions, Inc.(Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
it is part of a team, led by Dynamic Research Corporation
(Nasdaq:DRCO), that was recently awarded a U.S. Air Force Design
and Engineering Support Program (DESP) III contract by the Air
Force Material Command (AMFC).
The indefinite-delivery, indefinite-quantity (IDIQ) contract has
a $1.9 billion ceiling and basic five year ordering period with a
seven year period of performance. Under the terms of the contract,
the team will be providing a broad range of engineering services to
support the Air Force and other Department of Defense commands. The
services will be focused on specific objectives related to systems
support, including life cycle improvement, performance, and
sustainment.
"Kratos is proud to be a part of the DRC team to utilize our
expertise in weapon systems engineering, operations, and
sustainment to continue to support the Air Force initiatives to
operate, maintain, and modernize legacy platforms through
obsolescence mitigation, technology insertion, and lifecycle
improvement," said Jennifer Price, Kratos Madison Research Senior
Vice President.
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 priorities. 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, cyber security,
information assurance, critical infrastructure security and weapons
systems sustainment. Kratos has primarily an
engineering and technical oriented work force of approximately
4,000, many of whom hold an active National Security clearance,
including Secret, Top Secret and higher. 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 United
States Federal Government agencies, including the Department
of Defense, classified agencies, intelligence agencies and Homeland
Security related agencies. News and information are available
at www.KratosDefense.com.
The Kratos Defense & Security Solutions, Inc. logo is
available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3519
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.
CONTACT: Press Contact:
Yolanda White
858-812-7302 Direct
Investor Information:
877-934-4687
investor@kratosdefense.com
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