SAN DIEGO, March 30, 2017 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS ), a leading National Security Solutions provider, announced milestones that help expand the ability of the U.S. government and commercial operators to combat the increasing range of threats to critical satellite communications infrastructure.
With its products supporting more than 90% of U.S. space missions, as well as supplying advanced control, management and protection solutions to government and commercial satellite operators around the globe, Kratos is the leading supplier of enterprise-grade ground segment products and services that assure availability, reliability, security and mission goals across satellites, signals and networks for communications and other space-enabled operations.
Kratos’ satellite business has grown steadily as new technologies and new players have entered the space environment, along with new risks. Recent milestones for Kratos include numerous U.S. government and international awards, such as significant upgrades to the ground systems of major Middle-East, Asian and European satellite operators, as well as supplying highly specialized satellite communications security, signal protection and data management equipment to the U.S. Department of Defense (DoD) and Intelligence communities. Of particular note, Kratos recently announced a multi-million dollar contract with a leading space-related DoD agency to provide global, end-to-end satellite radio frequency monitoring, interference detection, geolocation and mitigation services. With its worldwide network of sensors and antennas, Kratos is the only company capable of providing such services, converging solutions across the military and commercial domains.
According to Phil Carrai, President of Kratos’ Technology & Training Division, “As the DoD tackles new threats to and from satellite and space operations, and continues to refine and execute on their Space Enterprise Vision, Kratos fills a unique position bridging the military and commercial satellite worlds—something that is increasingly important, as the defense agencies rely upon commercial space operations to supplement their defense missions.”
Other recent Kratos milestones supporting satellite mission assurance and space protection include major enhancements to several core product lines, including a major release of its Monics® signal monitoring product used by the DoD, as well as governments and companies around the world. Kratos also introduced new product lines to support the management and operations of new High Throughput Satellites (HTS) and small satellites, two technologies that are radically changing how both the defense and commercial sectors are achieving their missions in space.
“The communications and security technologies being developed in our satellite group are tightly related to another key commitment area for Kratos, the UAV space, which faces similar signal assurance, command & control and security challenges,” said Eric DeMarco, President and CEO of Kratos. “Untethered, assured communications, whether in the atmosphere, LEO or GEO orbits is a key investment area for Kratos.”
About Kratos Defense & Security Solutions Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS ) is a mid-tier government contractor at the forefront of the Department of Defense’s Third Offset Strategy. Kratos is a leading technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security. Kratos is the industry leader in high performance unmanned aerial drone target systems used to test weapon systems and to train the warfighter, and is a provider of high performance unmanned combat aerial systems for force multiplication and amplification. Kratos is also an industry leader in satellite communications, microwave electronics, cyber security/warfare, missile defense and combat systems. Kratos has primarily an engineering and technically oriented work force of approximately 2,900. Substantially all 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. 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. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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, 2016, 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 investor@kratosdefense.com
