SAN DIEGO, April 27, 2009 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) today announced that it has promoted Deanna Lund to the position of Corporate Executive Vice President, in addition to her role as Chief Financial Officer. Lund was hired as Senior Vice President and CFO in 2004, and has helped lead the company through its transition from a commercial wireless infrastructure provider to a leading mid-tier information technology, defense, and homeland security provider.
Eric DeMarco, President and Chief Executive Officer of Kratos, said, "As the Company continues to grow, I have increasingly relied on Deanna's advice and judgment as we have executed our strategic plan. Deanna has been absolutely critical and instrumental in navigating this company through the transformation process and building of Kratos. I feel very fortunate to have her as a key member of our management team. She is dedicated to and focused on our success, her work ethic and capabilities are second to none, and she has built a strong team that has also contributed greatly to the Company's success. This promotion is an honor she richly deserves and has earned over the course of many years of tireless effort and accomplishments through some very challenging circumstances."
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. Principal services include C4ISR, weapon systems sustainment, military weapon range operations and technical services, network engineering services, information assurance and cybersecurity solutions, security and surveillance systems, and critical infrastructure design and integration. The Company is headquartered in San Diego, California, with resources located throughout the U.S. and at key strategic military locations. News and information are 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 continued growth and execution of its strategic plan. 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 integration of SYS or Digital Fusion will prove more costly, take more time, or be more distracting than currently anticipated; risks of adverse regulatory action or litigation; failure to ultimately settle ongoing 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 28, 2008 and in other filings made with the Securities and Exchange Commission.