SAN DIEGO, Nov. 7, 2013 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc.(Nasdaq: KTOS ), a leading National Security Solutions provider, is pleased to announce today that Vice Admiral Mike Malone (U.S. Navy – retired) has joined the Company as a consultant to the newly established Unmanned Combat Aerial Systems (UCAS) Division. In this capacity, VADM Malone will serve as a Special Assistant to the President, UCAS Division, Vice Admiral Jerry Beaman, (U.S. Navy – retired).
"Vice Admiral Malone joining the Kratos UCAS Team is another important step in the continued execution of our strategy in building an affordable, survivable and recoverable unmanned combat aerial system for the military," said Jerry Beaman, President, Unmanned Combat Aerial Systems Division. Mike Malone will serve as a special assistant, with the primary responsibility of consulting and coordinating Kratos' UCAS activities with certain opportunities and customers, including the U.S. Navy & U.S. Marine Corps, while working closely with VADM Jerry Beaman on aircraft performance and mission requirements. VADM Beaman concluded, "We believe that Vice Admiral Malone's decision to join the Kratos UCAS team is continued confirmation of our UCAS strategy and will be invaluable in ensuring we understand and meet the needs and requirements of certain of our primary customers as we move forward."
Vice Admiral Malone is an accomplished, proven leader with extensive experience in large-scale operations within the military as well as in the corporate world. His achievements in both military and corporate venues along with their respective broad scope of responsibilities make him a strong addition to the Kratos UCAS senior management team.
Before joining Kratos, Vice Admiral Malone was the President of Skarven Enterprises, where he directed all company operations including P&L responsibility, strategic planning, budget development and personnel oversight. Additionally, he serves on the Board of Directors for a global leader in access control and wireless security systems as well as a high technology simulation and manufacturing company.
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
