July 6, 2020 | International, C4ISR
San Diego, July 2, 2020 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has recently received approximately $30 million in contract awards for Command, Control, Computing, Communication, Combat, Intelligence, Surveillance and Reconnaissance (C5ISR) Systems, focused primarily on missile defense related combat systems.
Kratos is an industry leader in the rapid development, demonstration and fielding of affordable leading technology products and solutions in support of the United States and its allies' national security missions.
Kratos C5ISR Modular Systems Business is an industry leader in manufacturing, producing and delivering C5ISR Systems for Missile, Radar, High Power Directed Energy, Ballistic Missile Defense, Unmanned Aerial Vehicle, Chemical, Biological, Radiation, Nuclear and High Explosive (CBRNE) and other programs and applications.
Work under these recent program awards will be performed at secure Kratos manufacturing and production facilities. The majority of the performance under these contract awards will be completed over the next 24 months. Due to customer, competitive and other considerations, no additional information will be provided related to these U.S. National Security related program awards.
Tom Mills, President of Kratos C5ISR Business, said, “These recent contract awards to support critical national security related systems and programs are representative of the confidence of Kratos' customers in our ability to meet their mission critical needs and requirements, on schedule and on budget. Our entire organization is proud to support the Department of Defense, other customers, government agencies and the warfighter in the execution of their mission.”
Eric DeMarco, President and CEO of Kratos Defense, said, “We believe that these recent contract awards are representative of Kratos' positioning as a disruptive leading technology systems, products and intellectual property company, including our focus on unmanned jet drones, space and satellite communications, microwave electronics, next generation jet engines for tactical systems, missile defense and hypersonic vehicles.
At Kratos, affordability is a technology, and we are executing on our plan to be an alternative provider to our DoD and National Security customer base in our key focus areas.”
About Kratos Defense & Security Solutions, Inc.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training and combat systems, and next-generation turbojet and turbo-fan engine development. 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 29, 2019, 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
View source version on Kratos Defense & Security Solutions, Inc.: https://ir.kratosdefense.com/news-releases/news-release-details/kratos-receives-30-million-c5isr-contract-awards
August 3, 2024 | International, C4ISR, Security
New Windows backdoor BITSLOTH exploits BITS for command-and-control, targeting South American government and linked to Chinese actors.
June 17, 2022 | International, Aerospace
The Akeron line is intended to help militaries respond to the wide range of threats they can face on a battlefield.
November 16, 2018 | International, Aerospace
Ministry of Defence, Defence Equipment and Support, and The Rt Hon Gavin Williamson CBE MP The multi-million-pound contract signed will see the UK own 35 stealth jets by end of 2022 with Britain manufacturing 15% of the overall global order for 255 aircraft. The UK is set to double its number of world-beating F-35 stealth jets after ordering 17 more aircraft, Defence Secretary Gavin Williamson has announced. The 17 new F-35B aircraft will be delivered between 2020 and 2022 and will complement the 16 British aircraft currently based at RAF Marham and in the US, as well as two additional aircraft which are already on order. Overall, the UK has committed to procure 138 aircraft over the life of the programme. Defence Secretary Gavin Williamson said: I am delighted to confirm that we are doubling the size of our F-35 force into a formidable fleet of 35 stealth fighters. This is another massive order in the biggest defence programme in history. Our military and industry are playing a leading role in the F-35 programme. We are now building this game-changing capability that will soon be ready for frontline action. This programme is set to bring an immense boost of £35 billion into the British economy, and it will be welcome news to our firms that many more jets are now set for production. The 17 jets being ordered are part of a $6 billion contract for 255 aircraft being built for the global F-35 enterprise. The announcement is also good news for the UK economy, as British companies are building approximately 15% by value of all 3,000-plus F-35s planned for production. It is projected that around £35 billion will be contributed to the UK economy through the F-35 programme, with around 25,000 British jobs also being supported. CEO of Defence Equipment and Support, Sir Simon Bollom said: As the largest operator of F-35s outside of the US, the acquisition of 17 more Lightning aircraft underscores our commitment to the programme. This new contract demonstrates how our Armed Forces are equipped by DE&S with the latest equipment and support. News of this latest order comes as F-35B aircraft are currently embarked on HMS Queen Elizabeth for flying trials in the US, which continue to progress well. The fighter jets will be jointly manned by the Royal Air Force and the Royal Navy and can operate from land and sea, forming a vital part of Carrier Strike when operating from the Queen Elizabeth Class aircraft carriers. https://www.gov.uk/government/news/uk-to-double-f-35-fleet-with-17-jet-order-defence-secretary-announces