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Kratos Receives Multi-Million Dollar Command and Control System Products Award for QF

Discussion in 'The Americas' started by layman, Dec 19, 2013.

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  1. layman

    layman Aurignacian STAR MEMBER

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    Kratos Receives Multi-Million Dollar Command and Control System Products Award for QF-16 Air Superiority Target

    SAN DIEGO, Dec. 18, 2013 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Micro Systems, Inc. subsidiary has received a multi-million dollar award for the production of command telemetry system products for the QF-16 Air Superiority Target (AST). This award, from QF-16 prime contractor Boeing, represents the first production lot for the QF-16 program, which recently completed its first unmanned flight at Tyndall AFB, Florida.

    Kevin Ferguson, Senior Vice President of Kratos' Micro Systems, Inc. subsidiary, commented, "This important order provides critical command and control products for the QF-16. Like its predecessor, the QF-4, which enjoyed a 17-year production run using our command and control products, we expect the QF-16 to be a successful production program as well."

    About Kratos Defense & Security Solutions

    Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized National Security technology Company 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, 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 3,850. 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 Home | Kratos Defense & Security Solutions.

    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 30, 2012, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

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