U.S. Navy using BAE Systems payload tubes to increase Virginia class strike capability

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  February 18, 2019 | International, C4ISR

  Leonardo DRS joins UAE-based firm to support key projects of the country’s armed forces

  By: Chirine Mouchantaf BEIRUT — Leonardo DRS' land electronics unit has signed an agreement with the International Golden Group based in the United Arab Emirates to support key projects for the country's armed forces. As part of the settlement, U.S.-based Leonardo DRS will establish an innovative engineering and support facility in IGG's industrial park in Abu Dhabi to support projects and assist in hiring and training locals to fill new high-tech manufacturing positions, the company said in a statement. “Leonardo has a long history in working to support the armed forces of the UAE, and this partnership within our subsidiary and IGG has us very excited," Lorenzo Mariani, Leonardo chief commercial officer, told Defense News The two parties are expected to collaborate on advanced communication systems integration in support of tactical C4I projects, as well as onboard vehicle power systems that provide combat vehicles with up to 120 kilowatts of mobile electrical power for complex C4ISR systems, mobile command posts, radars, weapon systems and other power-hungry expeditionary capabilities. “The high technology of Leonardo DRS and the capabilities of IGG will lead to next-level products for the country's armed forces now and well into the future,” Mariani added. The agreement deepens an already strong relationship between Leonardo DRS and the government of the UAE. In 2017, Leonardo and IGG signed a strategic collaboration agreement to supply cybersecurity capabilities in the UAE, and to identify and implement advanced solutions including security operations centers. The agreement's aim was to integrate the solutions and market knowledge offered by IGG with Leonardo's state-of-the-art know-how in a long-term strategic and international partnership. Bill Guyan, vice president and general manager of the Leonardo DRS land electronics unit, considers the Emirati-American military relationship a robust one full of new growth potential over the next few years. “The recent growth of the Leonardo DRS land electronics business in the UAE has produced this natural next step. We are proud to lay down enduring roots and a strong business presence and remain committed to the success of our UAE customer and UAE Vision 2021,” he said, referring to the country's effort to prioritize health care, economic competitiveness, sustainable infrastructure, education, a cohesive society and an improved judiciary. “We are eager to work with IGG to provide the guidance, technology and support required to increase interoperability between the U.S. and Emirati forces, allowing them to strategically operate more closely,” he added. https://www.defensenews.com/digital-show-dailies/idex/2019/02/15/leonardo-drs-joins-uae-based-firm-to-support-key-projects-of-the-countrys-armed-forces/

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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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  July 2, 2024 | International, Security

  How MFA Failures are Fueling a 500% Surge in Ransomware Losses

  Ransomware payments soar by 500%, averaging $2 million in 2024. Learn why next-gen MFA is crucial.