SAN DIEGO, May 1, 2014 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that it has received an indefinite delivery indefinite quantity (IDIQ) contract for the Space and Naval Warfare Systems Center Pacific (SSC Pacific) C4ISR Training Support Multiple Award Contract (MAC). The SSC Pacific C4ISR Training Support Contract, inclusive of all awarded contracts and ordering periods, has a total ceiling value of $35 million with a three-year ordering period.
The award allows Kratos to compete for task orders across all manpower, personnel, and training functions associated with SPAWAR strategic programs and product lines. This multiple award contract was designed to provide training support to SSC Pacific, Space and Naval Warfare Systems Command (SPAWAR), Naval Air Systems Command (NAVAIR), Naval Supply Systems Command (NAVSUP) and Naval Sea Systems Command (NAVSEA) in support of SPAWAR systems and products integrated on their platforms.
The C4ISR Training Support MAC will accommodate delivery of products and services to include all forms of training systems and solutions, including virtual training systems, simulators, interactive multimedia instruction, instructional system design, instructor-led training, blended learning solutions, and training assessments. The SSC Pacific C4ISR Training Support MAC also provides manpower, personnel and training technical support services to programs within the SPAWAR enterprise.
"Kratos brings a highly knowledgeable team with extensive experience delivering effective learning solutions and training systems for strategic C4ISR platforms and capabilities," said Jose Diaz, Senior Vice President for Kratos' Training Solutions unit. "Kratos has a proven track record of providing advanced training solutions to the U.S. Navy as well as the other uniformed services and government agencies. Our strength is our team of training professionals delivering training solutions that enhance the readiness and performance of our nation's Warfighters."
"This is a key contract vehicle for the Navy and provides new opportunity for us to demonstrate our total training capability across the aviation, surface, undersea and cross-warfare domains," said Phil Carrai, President of Kratos Technology & Training Solutions. "This award builds on our other training-focused IDIQ awards, including NTPS, TDPC, and TSC III, placing Kratos in a dynamic position to reach strategic C4ISR programs across all Navy systems commands as well as all other armed services."
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized National Security technology Company providing mission critical products, solutions and services 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 3,700. Substantially all 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 29, 2013, 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
