SAN DIEGO, Oct. 30, 2013 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS ) announced today that it has received a contract award valued in excess of $2.4 million from the U.S. Department of Education (ED) to advance the development and implementation of adult Career Pathway systems at the state and local level. This award builds upon the work that Kratos has implemented over the last four years to advance Career Pathways nationally.
Supported by the U.S. Departments of ED, Health and Human Services and the Department of Labor (DOL), Career Pathways is a workforce development strategy that seeks to align agency-supported services to assist individuals in achieving success in postsecondary education, training and employment. The work builds on the DOL's Career Pathways Technical Assistance Initiative as well as ED's Office of Vocational and Adult Education Policy to Performance project, which was led by Kratos. As part of this initiative, Kratos will deliver high-quality resources and technical support customized to the unique social and economic environments of each state.
"Our team is committed to helping states build successful Career Pathways systems," said Laura Lanier, Director of Education Services for Kratos. "We are fortunate to have the background and experience from both the Designing Instruction for Career Pathways as well as Policy to Performance education initiatives for this work. That the U.S. Department of Education has again entrusted us with the execution of a multi-agency initiative is testament to their trust in our teams' capabilities and success."
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS ) is a specialized National Security technology Company 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, electronic warfare, unmanned systems, missile defense, cyber warfare, cybersecurity, information assurance, and critical infrastructure security. Kratos has primarily an engineering and technically oriented work force of approximately 3,900. 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 National Security related agencies. News and information are available at www.KratosDefense.com .
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 product failure, general economic conditions and cutbacks in 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 30, 2012, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
Press Contact: Yolanda White 858-812-7302 Direct Investor Information: 877-934-4687
