SAN DIEGO, Nov. 29, 2007 (PRIME NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) (formerly Wireless Facilities, Inc.), a leading national defense and security solutions provider, announced today that it has been awarded a contract from the Defense Logistics Agency (DLA) as part of the Path Diversity project to enhance redundant communications around twelve strategic locations, with the ultimate objective of providing 100 percent connectivity with no down time. The project, valued at approximately $2.7 million with a potential $3 million follow-on task order, began in October of 2007 and is expected to be completed by September of 2008.
"This award represents another significant opportunity for Kratos to provide mission critical support to DLA," said Brent Wildasin, Vice President and General Manager of Kratos Government Solutions, Inc. "Kratos has provided engineering and communications expertise to DLA for several years, and the awarding of this additional project is a testament to the quality of work we provide and the dedication of our people to ensuring the success of DLA's mission critical technology objectives."
As part of the contract announced today, Kratos Government Solutions, Inc. will design, coordinate and implement a divergent telecommunications path to enhance overall communications capabilities and to help ensure seamless connectivity with no down time. The project is related to prior work that Kratos has performed for DLA under the Enterprise Telecommunications Network program.
About Kratos Defense & Security Solutions
Based in San Diego, California, and located throughout the United States and at key military locations, 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. Kratos Government Solutions, Inc. is a wholly-owned subsidiary of Kratos Defense & Security Solutions, Inc. News and information is available at www.KratosDefense.com.
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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 amount of revenues that will ultimately be derived from the DLA contract award and whether a follow on task order will be issued and the amount of revenues that will be derived from it if it is issued. 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 DLA will curtail, change or terminate the contract; that DLA will not issue a follow on task order to the Company; that the follow on task order, if issued, may not have the scope of work anticipated by the Company; 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; risks associated with debt leverage; 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, the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2007, and in other filings made with the Securities and Exchange Commission.