Kratos Awarded Multi-Million Dollar Contract for Command & Control System for International Satellite Platform
December 16, 2013 --
SAN DIEGO, Dec. 16, 2013 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Kratos Integral Systems International (Kratos ISI) subsidiary has been awarded a contract to implement a satellite command and control (C2) system for satellite operations by an unnamed international customer.
Kratos will design, develop, install and commission prime and redundant control centers based upon its EPOCH® Integrated Product Suite (IPS). EPOCH IPS is the industry's leading C2 solution—a hardware-independent, database-driven, open architecture satellite fleet management system capable of controlling an array of satellites with minimal personnel. Details of the multi-million dollar contract were not disclosed.
This is the sixth such major win for Kratos in recent months, further building upon its position as the market-leading satellite C2 supplier. For 30 years, Kratos ISI has been a leading provider of satellite control systems, supporting approximately 300 missions. Kratos ISI offers turnkey ground segments solutions encompassing C2, RF/IF equipment, satellite and terrestrial communications signal monitoring systems, equipment and network management and payload management solutions. The company's EPOCH IPS is the most widely used C2 solution, with successful installations in five continents. Commercial clients include AsiaSat, Asia Broadcast Satellite, Broadcasting Satellite System Corporation (B-SAT), Chunghwa Telecom, EchoStar, Hellas Sat, Indovision, Intelsat, KT Corporation, PT Telkom, SatMex, SES, SingTel/Optus, SKY Perfect JSAT, Thaicom, and Telesat. Government clients include the National Space Organization (NSPO) of Taiwan, Vietnam Posts and Telecommunications Group (VNPT), European Organization for the Exploitation of Meteorological Satellites (EUMETSAT), Secretaria de Comunicaciones y Transportes (SCT) of México, NASA, the U.S. Air Force and the National Oceanic and Atmospheric Administration (NOAA). For more information, visit www.Kratos-ISI.com.
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 3,850. 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.
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