SAN DIEGO, Dec. 3, 2013 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Public Safety & Security Solutions Division (PSS) recently received approximately $4.25 million in security system integration awards related to new tenant security systems in the World Trade Center Facility. Under the new contract awards, Kratos will design, engineer, deploy and integrate into command and control infrastructure state of the art security system surveillance, analytics, access control and other unique security related assets. Additionally, Kratos is the primary security system integrator for the Freedom Tower, working directly with the program's general contractor. Due to the nature of these security system deployments, customer related and other considerations, no additional information is being provided related to these security system deployments and contract awards.
Ben Goodwin, President of Kratos' PSS Division, said, "The entire PSS Team is honored to have received these important security system integration awards. PSS is known as a premier provider of security systems protecting United States critical infrastructure and strategic assets, and we are committed to meeting our customers' security needs and requirements and protecting their assets and personnel." Mr. Goodwin concluded, "PSS has recently been awarded a number of new security system integration deployment contract awards. We are forecasting approximately 15 percent year-over-year revenue growth for our business in the fourth quarter of 2013 and continued strong organic revenue and EBITDA growth in 2014."
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 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, 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.
CONTACT: Press Contact:
Yolanda White
858-812-7302 Direct
Investor Information:
877-934-4687
investor@kratosdefense.com
