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KTOS Kratos Defense and Security Solutions Inc

17.86
-0.33 (-1.81%)
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Last Updated: 22:38:26
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Share Name Share Symbol Market Type
Kratos Defense and Security Solutions Inc NASDAQ:KTOS NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.33 -1.81% 17.86 17.86 18.15 18.41 17.76 18.31 983,546 22:38:26

Kratos’ RT Logic Awarded U.S. Government Contract to Study Enhanced SATCOM Resiliency Concepts

11/07/2017 12:00pm

GlobeNewswire Inc.


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Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that the U.S. Government recently awarded its RT Logic subsidiary an important Wideband Communications Architecture Study (WCAS) contract to help define the next generation resilient ground architecture for the Department of Defense (DoD).

Kratos was awarded three of the study’s primary tasks: 1) defining the overall ground architecture; 2) identifying flexible and efficient mechanisms to provide wideband transport including both satellite communications (SATCOM) and ground resources; and 3) determining the operations management requirements needed to facilitate system control and situational awareness.

Increasingly, DoD terminals must be able to “roam” beyond one satellite network to expand SATCOM capacity and resiliency. To achieve this capability, U.S. Government systems must be able to flexibly access commercial and government resources and traverse among a diverse pool of satellites, teleports, and managed systems. Currently, this capability is hindered by the proliferation of managed service networks using proprietary modems and waveform technologies.

Kratos is supported on this effort by a world-class team of satellite operators to execute the study, including Intelsat General, SES, INMARSAT, Hughes and OneWeb.

According to John Monahan, Senior Vice President, Kratos SATCOM products, “The program draws upon Kratos’ core SATCOM and MILSATCOM capabilities that leverage our extensive portfolio of ground system products and architectural depth. The ‘roaming enterprise’ approach will increase SATCOM capacity and create a more resilient architecture to anticipate and respond to future attacks.”  

About Kratos Defense & Security SolutionsKratos 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 StatementsCertain 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

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