SAN DIEGO, April 8, 2010 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Defense, Information Technology, Assurance and Security Solutions provider, today announced the award of a contract for tactical data link systems support at the Space and Naval Warfare Systems Center Pacific (SSC Pacific) with its partner, Koam Engineering Systems, Inc. (KES).
The cost-plus-fixed fee, indefinite-delivery/indefinite-quantity (ID/IQ) contract has a potential value of $51,146,913 and will enable Kratos to provide the Space and Naval Warfare Systems Center Pacific with tactical data link (TDL) systems support of a range of Navy, Marine Corps, Army, Air Force and Foreign Military Sales Programs including airborne tactical data systems; ballistic missile defense command and control processor; common link integration processing; dynamic net management; joint tactical radio system; tactical systems (engineering, integration, test, evaluation, fleet) support; and associated subsystems, network, process, and capability maturity model integration support. Support efforts include the maintenance and modification of the TDL computer programs; lifecycle functions of systems; research and requirements analysis; systems engineering; software design and engineering; configuration management; modeling and simulation; and human factors engineering.
Vic Wilson, Senior Vice President of Engineering and Analysis Business Unit said, "This award represents a significant win for us and is a testimony to all of the quality work provided by the professionals of the Kratos E&A organization."
Dave Carter, Kratos' President of Defense Engineering Solutions stated, "We are very pleased to have this opportunity to build our relationship with SSC-Pacific and support our prime partner, Koam Engineering. We have had a number of contract awards delayed by the government over the past several months including this award with SSC Pacific, and we are looking forward to supporting our customer."
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) provides mission critical engineering, IT services, strategic communications and war fighter solutions for the U.S. federal government and for state and local agencies. Principal services include C5ISR, 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 expectations regarding the amount of revenue that will ultimately be recognized under the contract described in this release. 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 customer will curtail or delay the work under the contract; 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 27, 2009, and in other filings made with the Securities and Exchange Commission.