SAN DIEGO, Sept. 18, 2007 (PRIME NEWSWIRE) -- Kratos Defense and Security Solutions, Inc. (Nasdaq:KTOS) (Formerly Wireless Facilities, Inc.) (Nasdaq:WFII), a leading national defense and security solutions provider, announced today that it has been awarded a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract to support the Department of the Air Force at the Los Angeles Air Force Base Space and Missile Command (AFSPC). The contract is valued in total at approximately $5 million over the five-year IDIQ term.
Services to be performed under this IDIQ include Systems Acquisition Support (SAS) services, including acquisition planning, training and administration, configuration and data management and contracting support for the protection and maintenance of tools, processes, guidelines, models, simulations, databases and other key operational support elements.
"We are pleased to win this important new IDIQ in support of Air Force Space and Missile Command," said Robin Mickle, President of Kratos Government Solutions, Inc. "The Air Force represents a strategic area of expansion for Kratos, and we are pleased to leverage our expertise in command and control and missile logistics in support of this important new customer."
The Space and Missile Systems Center (SMC), a subordinate unit of the Air Force Space Command at Peterson Air Force Base, Colorado, is the center of technical excellence for researching, developing, and purchasing military space systems. The center is also responsible for on-orbit check-out, testing, sustainment and maintenance of military satellite constellations and other Department of Defense space systems. The center is located at Los Angeles Air Force Base in El Segundo, California, four miles south of Los Angeles International Airport.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) provides mission critical engineering, IT services and war fighter solutions for the U.S. federal government and for state and local agencies. Principle services include C4ISR, weapon systems lifecycle support, military weapon range and technical services, network engineering services, advanced IT services, security and surveillance systems, and critical infrastructure design and integration. The Company is headquartered in San Diego, California, with resources throughout the U.S. and in key strategic military locations. News and information are available at www.KratosDefense.com. (code: KTOS-mb)
The Kratos Defense & Security Solutions, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3519
Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements including, without limitation, expressed or implied statements concerning the Company's expectations regarding the anticipated filing of its delinquent SEC reports, future financial performance and cash flows and market developments that involve risks and uncertainties. Such statements are only predictions, and the Company's actual results may differ materially. Factors that may cause the Company's results to differ include, but are not limited to: risks that the Form 10-Q filings will not be completed in a timely manner; risks that the recent divestitures and change in business focus will cause disruption of the Company's operations and distraction of its management; risks that the company's name change will cause disruption to individual and/or institutional shareholders; risks of adverse regulatory action or litigation; risk that the Company's lender will declare a default under the Company's line of credit; risks associated with debt leverage; risks that the anticipated benefits of the divestitures will not be achieved or will impact changes in the scope or timing of the Company's projects; risks that changes or cutbacks in spending by the U.S. Department of Defense may occur, which could cause delays or cancellations of key government contracts; failure to successfully consummate acquisitions or integrate acquired operations and competition in the marketplace which could reduce revenues and profit margins. The Company undertakes no obligation to update any forward-looking statements. These and other risk factors are more fully discussed in the Company's Annual Report on Form 10-K for the period ended December 31, 2006 and in other filings made with the Securities and Exchange Commission.