SAN DIEGO, July 24, 2012 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that Colin Black has joined Kratos as Chief Information Officer (CIO) reporting directly to Eric DeMarco, Kratos' President and CEO.
Mr. Black brings a wealth of experience and knowledge to Kratos. After beginning his career in quantum physics, he has been involved in information technology for the past 20 years, including the past 12 years leading the IT function. His most recent position was as CIO and VP with responsibilities for Facilities, Field Service, Manufacturing and Supply Chain at Cymer, Inc., a global capital equipment company headquartered in San Diego. Previously, he was VP and CIO of Mindspeed Technologies in Newport Beach and Deputy CIO at MEMEC, a multi-billion dollar global semiconductor distributor. Colin has a Bachelor of Science degree in Electronic Engineering with a specialization in Nano-Electronics.
"As a significant National Security provider, Kratos is very involved with some of the most important and critical infrastructure in the country. The protection of our information systems and those of our customers is of vital importance to Kratos. We are very pleased to have found the person who we believe is capable of managing these requirements," said Mr. DeMarco.
"Colin will report directly to me and will lead the IT function for Kratos. He will focus on Corporate IT strategy, providing information technology leadership, ensuring Kratos' IT operational and competitive posture, integrating IT infrastructure and systems, planning strategy for developing systems and acquiring hardware to meet application needs, establishing standards for computers, networking and telecommunications and, very importantly, assuring computer and cyber security throughout Kratos," added Mr. DeMarco.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized National Security technology business providing mission critical products, services and solutions for United States National Security. Kratos' core capabilities are sophisticated engineering, manufacturing and system integration offerings for National Security platforms and programs. Kratos' areas of expertise include Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance (C5ISR), satellite communication systems, unmanned systems, cyber warfare, cybersecurity, information assurance, and critical infrastructure security. Kratos has primarily an engineering and technical oriented work force of approximately 4,400, many of whom hold an active National Security clearance, including Secret, Top Secret and higher. The vast majority of Kratos' work is performed on a military base, in a secure facility or at a critical infrastructure location. Kratos' primary end customers are United States Federal Government agencies, including the Department of Defense, classified agencies, intelligence agencies and Homeland Security related agencies. News and information are available at www.KratosDefense.com.
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Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty, including risks related to general economic conditions and cutbacks in government spending. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 25, 2011, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.