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January 2, 2019 | International, C4ISR

Kratos Receives $65 Million in Recent Space and Satellite Communications Contract Awards

SAN DIEGO, Dec. 31, 2018 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has received recent space and satellite communications contract awards and options on existing contracts totaling approximately $65 million. Work performed under these contract awards will be performed at secure Kratos manufacturing facilities and customer locations and is expected to be substantially completed over the next 12 months.

The awards include Kratos' products and services across 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 certain other operations that are essential to national security. Under the contract awards, Kratos will provide solutions for satellite command & control, signal monitoring, end-to-end service assurance, cloud-enabled architectures and other applications. 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.

Phil Carrai, President of Kratos' Space, Cybersecurity and Training business, said, “The Space sector is experiencing a technology renaissance, and much of that advancement is occurring in the ground segment solutions that Kratos specializes in: those which assure the availability, reliability, security and operational goals of these missions. The range of space missions enabled by these awards and renewals is extremely broad, and Kratos is one of the only companies that can support that breadth with industry-leading COTS products, as well as cloud operations enablement, mission-specific applications and tailored waveforms.”

About Kratos Defense & Security Solutions
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 a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, 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

http://globenewswire.com/news-release/2018/12/31/1679167/0/en/Kratos-Receives-65-Million-in-Recent-Space-and-Satellite-Communications-Contract-Awards.html

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    November 15, 2023 | International, Aerospace

    NATO to replace AWACS surveillance jets with modified Boeing 737 | Reuters

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  • Contract Awards by US Department of Defense - June 15, 2020

    June 16, 2020 | International, Aerospace, Naval, Land, C4ISR, Security

    Contract Awards by US Department of Defense - June 15, 2020

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  • Brazil’s oil revenue is set to fuel multibillion-dollar warship program

    December 24, 2018 | International, Naval

    Brazil’s oil revenue is set to fuel multibillion-dollar warship program

    By: Sebastian Sprenger RIO DE JANEIRO — The incoming Brazilian government is poised to follow through on a plan to funnel oil and gas revenue toward new defense spending, leaving European shipbuilders hopeful that the country can afford its new corvette program. Directing 2 percent of royalties from offshore drilling to the military has been a national policy for some time, but previous governments have never fully applied it, according to Eric Berthelot, who heads the Brazilian subsidiary of French shipbuilder Naval Group. Officials under outgoing president Michel Temer first moved to tap the oil fund and have so far forwarded roughly $650 million to state-owned Emgepron to manage new naval projects like the $1.5 billion Tamandaré frigate program. The government of President-elect Jair Bolsonaro, a far-right politician who will take office in January, is expected to further implement the policy, according to several industry officials in Europe. They said Brazil's ability to pay for the program will be closely watched as the Bolsonaro government makes its first moves next year. Naval Group is competing against Germany's ThyssenKrupp Marine Systems, Dutch shipbuilder Damen and Italy's Fincantieri. The Brazilian Navy and the four bidders are in the final stages of coordination before the proposals are due on March 8. The Navy is expected to pick a winner later that month, though it is possible officials will await the LAAD defense expo here in early April to announce results. The Tamandaré program is for four ships and an initial eight-year maintenance package. The warships are meant to help protect Brazil's resource-rich waters up and down its vast coastline, dubbed the Blue Amazon. European vendors tussling for business in the same competitions worldwide has become a recurring theme, fueling calls for consolidation of the continent's shipbuilding industry to retain a competitive edge. “The Europeans are more divided than ever,” Naval Group Hervé Guillou told reporters at one of the company's offices here. But, he cautioned, “you have to wait for the right moment to consolidate.” Naval Group and Fincantieri already have decided to join their businesses to some extent, but so far nothing concrete has sprung from those aspirations. https://www.defensenews.com/global/the-americas/2018/12/21/brazils-oil-revenue-is-set-to-fuel-multibillion-dollar-warship-program

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