SAN DIEGO, May 23, 2018 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading
National Security Solutions provider, announced today that it has recently received a number of space and satellite communications
contract awards totaling approximately $55 million. Work performed under these awards is expected to be substantially
completed over the next 12 months.
The awards include Kratos products and services across a wide variety of technology application domains that are
critical to defending space operations and assuring global satellite communication for the United States and its allies, as well as
commercial operations that are essential to national security. They include solutions for satellite command & control, signal
monitoring, end-to-end service assurance, cloud-enabled architectures and other applications.
Phil Carrai, President of Kratos’ Space, Cybersecurity and Training business, said, “The breadth of products and
technologies Kratos is applying in these awards, ranging from industry-leading COTS products to tailored waveforms for
mission-specific applications, is the best evidence that the space industry is experiencing a dramatic period of innovation. That
innovation is being driven by factors equally diverse, among them small satellites, HTS satellites, new challenges to space
dominance and renewed interest in space around the globe, yet unifying them all are Kratos products that assure the availability,
reliability and security of space missions. In an increasingly crowded and contested environment, it is becoming increasingly clear
that the ability to defend and operate in space will depend more and more upon the ability to manage from the ground.”
Kratos products support more than 85 percent of United States space missions, and are used by more than 75
percent of global satellite operators. Kratos owns and operates the largest global, commercial network of space-focused Radio
Frequency (RF) sensors employed to help customers identify, locate and mitigate interference challenges. The company recently
announced it has begun leveraging this network to offer new Space Situational Awareness (SSA) services to bring additional
clarity and insight to operations in the space environment for its customers.
Due to customer related, competitive and other considerations, no additional information will be provided
related to these contract awards.
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 31, 2017, 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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