Kratos Awarded $20 Million Training System Concurrency Upgrade Related to a Tactical Platform for the Department of Defense (DoD)
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) has announced a new contract with a Department of Defense (DoD) Prime contractor to upgrade multiple ground tactical platform maintenance training systems. This contract solidifies Kratos' longstanding commitment to providing advanced training solutions for military customers. Jose Diaz, Sr. Vice President at Kratos Training Solutions, emphasized the company's dedication to quality in these upgrades, reflecting their 25-year history of support to the DoD and allied military forces. Due to various considerations, detailed information about the contract is limited. Kratos continues to innovate in military training and operational solutions, enhancing warfighter readiness using advanced technologies.
- Awarded a contract to upgrade ground tactical platform maintenance training systems, indicating ongoing demand for Kratos' services.
- Demonstrates Kratos' long-standing relationship and expertise in supporting DoD and allied military customers.
- Commitment to quality in delivering advanced training solutions over 25 years.
- None.
SAN DIEGO, April 13, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it was awarded a contract by a DoD Prime contractor to provide a concurrency upgrade to multiple ground tactical platform maintenance training systems.
Commenting on the award, Jose Diaz, Sr. Vice President at Kratos Training Solutions, stated: “Over the last 25 years Kratos has supported DoD and allied military customers by designing, developing and delivering advanced maintenance training systems. We are committed to delivering the same high level of quality with these upgrades.”
Due to customer, competitive, security-related and other considerations, no additional information will be provided related to this contract award.
Kratos develops advanced, cost-effective maintenance and operational training solutions for U.S. and allied forces to enhance warfighter readiness and survivability. Kratos is driving innovation in military simulation and training programs through application of immersive technologies within advanced simulation systems for air, ground, maritime and space domains.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a Technology Company that develops and fields transformative, affordable systems, products and solutions for United States National Security, our allies and global commercial enterprises. At Kratos, Affordability is a Technology, and Kratos is changing the way breakthrough technology is rapidly brought to market – at a low cost – with actual products, systems and technologies rather than slide decks or renderings. Through proven commercial and venture capital backed approaches, including proactive, internally funded research and streamlined development processes, Kratos is focused on being First to Market with our solutions, well in advance of competition. Kratos is the recognized Technology Disruptor in our core market areas, including Space and Satellite Communications, Cyber Security and Warfare, Unmanned Systems, Rocket and Hypersonic Systems, Next-Generation Jet Engines and Propulsion Systems, Microwave Electronics, C5ISR and Virtual and Augmented Reality Training Systems. For more information, visit 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, 2022, 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
FAQ
What contract did Kratos Defense recently secure?
Which company issued a press release on April 13, 2023?
Who commented on the recent contract award by Kratos Defense?
What is the focus of Kratos Defense's recent contract work?
