SAN DIEGO, May 7, 2010 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security, Information Technology, Assurance and Public Safety Solutions provider, today announced the award of a $49.9 million five year (base plus four option years) contract from the Naval Surface Warfare Center, Dahlgren Division (NSWCDD), located in Dahlgren, Virginia.
The Weapons Evaluation Division of the Engagement Systems Department at NSWCDD selected Kratos Technical Services to continue its range support services work at Dahlgren. These requirements grew substantially over the past five years warranting the issue of a separate range support contract within the Engagement Systems Department.
"We are extremely pleased to continue and grow our support to the Engagement Systems Department. We have a long history of excellent support in the Dahlgren area thanks to the Technical Services business unit, led by Vice President Wayne Rogers, headquartered in Dahlgren," said David Carter, President of Kratos Defense Engineering Solutions Division.
Under its contract, Kratos will provide technical services in designing, developing, coordinating and executing test and evaluation programs for lot acceptance test, first article test, performance, characterization, lethality, vulnerability, integration, and hazardous and safety assessment to determine/evaluate the suitability of explosive and non-explosive components and weapons systems. In addition, Kratos will support the areas of weapons evaluation, explosive and test range facilities management, test engineering and instrumentation, explosive test facility and equipment maintenance, grounding and bonding, and lightning protection and warning. The Kratos team will also assist with environmental site remediation, impact statements, training and inspections.
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 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 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; 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, the Company's Quarterly Report on Form 10-Q for the period ended March 28, 2010, and in other filings made with the Securities and Exchange Commission.