SAN DIEGO, April 2, 2014 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS ), a leading National Security Solutions provider, announced today that it has received a new multi-million dollar subcontract from USfalcon Inc. to upgrade CH-47F Chinook Avionics Trainers (CAT). Kratos will perform concurrency upgrade services to four of the simulators currently located at the U.S. Army's 128 th Aviation Brigade in Ft. Eustis, Virginia.
Kratos is the original equipment manufacturer of the simulators, which provide high-fidelity hands-on training of the aircraft avionics system in a fully integrated configuration. The upgrade includes incorporating the Aircraft Product Improvement Program One (PIP1) to ensure concurrency of the simulators to the aircraft as well as other product life cycle and functional enhancements, such as networking the simulators together to allow students to perform more advanced maintenance scenarios.
"The CH-47 is a critical asset for transporting troops and supplies, as well as providing combat support. The maintenance of the CH-47F is critical to today's Army," said Jose Diaz, Senior Vice President of Kratos Training Solutions. "Based on our detailed knowledge of these simulators, coupled with the use of our advanced Software Integration Lab capability, device downtime will be minimized and student training will continue during the upgrade period."
The work will be performed under a subcontract to USfalcon, Inc. (Morrisville, NC) under the Aviation Applied Technology Directorate (AATD) SPOTS V contract.
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 3,800. 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 29, 2013, 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
