Accomplished Naval Leader Brings Wealth of Relevant Experience to Transformational Strategic Initiative
Critical Strategic Hire Key to Organizational Realignment
SAN DIEGO, Aug. 8, 2013 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS ), a leading National Security Solutions provider, is pleased to announce today that Vice Admiral Gerald Beaman (U.S. Navy – retired) has joined the Company as President of its newly established Unmanned Combat Aerial Systems (UCAS) Division. In addition, Vice Admiral Beaman will oversee major Strategic Programs for Kratos.
"Vice Admiral Beaman joining Kratos is an important milestone and inflection point in the continued execution of our strategy in building a leading technology and product based National Security Company," said Eric DeMarco, President and CEO of Kratos. "Jerry will be President of Kratos' newly established UCAS Division, with the primary responsibility of continuing our Company's momentum in this emerging area, working with certain existing customers, refining missions and requirements, and building a UCAS business that is critically important to our Company's strategic vision. With our newly formed UCAS Division, we will now also have a separate Advanced Drones & Target Systems (ADTS) Division, led by Wayne Armstrong. Wayne has approximately 25 years' experience with aerial drones and targets and previously led our Micro Systems business unit, where we produce flight control and avionic systems for aerial targets and drones. This reorganization will allow Wayne and this business to completely focus on our critically important aerial target customers, the United States Air Force, Army and Navy as well as our growing international user base. Additionally, Tom Mills, previously President of our Gichner business, will be President of Kratos' Modular Systems (MS) Division, with major programs supported including AEGIS, Patriot, THAAD, Electro Magnetic Rail Gun, Littoral Combat Ship and DDG-1000." Mr. DeMarco concluded, "We believe that Vice Admiral Beaman's decision to join the Kratos team is confirmation of our UCAS strategy, is the impetus of this organizational realignment, and all of Kratos welcomes him to our Company."
"I am truly looking forward to my new role at Kratos," said Vice Admiral Beaman. "I am excited about this new challenge and the opportunity of continuing to contribute and support mission critical United States National Security priorities. I believe that Kratos' entrepreneurial culture, team approach and leading technology unmanned aerial platforms and systems are well positioned to address new and evolving missions and requirements, and I am looking forward to building Kratos' UCAS Division into a valuable business unit of the Company."
Vice Admiral Beaman is an accomplished, proven leader with extensive experience in large-scale operations. His achievements in the military and broad scope of responsibilities make him a strong addition to the Kratos senior management team.
Immediately before joining Kratos, Vice Admiral Beaman was the Commander of the United States Third Fleet. He directed activities for 58,000 personnel responsible for homeland defense, support for civil authorities and for providing relevant training and certification for all West Coast naval forces, including four aircraft carrier strike groups, one expeditionary strike group, four large deck amphibious ships, over 70 surface combatants, 32 submarines and over 400 aircraft. In his naval career of 35 years, Vice Admiral Beaman also served as Deputy Chief of Staff Operations Global Force Management, Training and Experimentation, Fleet Forces Command; Deputy Chief of Staff Operations, Joint Forces Command; Commander, Strike Force Training Pacific, in addition to numerous other positions.
In addition to his varied naval career, Vice Admiral Beaman served as a Special Agent with the FBI. He holds a Master of Arts in National Security and Strategic Studies from the Naval War College and a Bachelor of Science in Business Administration from Marquette University.
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 4,100. 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 .
Press Contact: Yolanda White 858-812-7302 Direct Investor Information: 877-934-4687
