SAN DIEGO, Sept. 7, 2010 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that they were awarded a nine-month, $11 million bridge contract to continue their engineering and technical support services with the Naval Surface Warfare Center Dahlgren Division (NSWCDD).
Kratos' Technical Services Business, headquartered in Dahlgren, VA, provides expert, hands-on support for weapons development, logistics, engineering, test and analysis, and program management. This award will continue this work for various Navy, Marine Corps, and Joint weapons and munitions programs.
"The award of this bridge contract speaks volumes to the quality services that the Technical Services Business Unit, led by Vice President Wayne Rogers, provides to the NSWCDD. We are pleased to continue this long standing relationship and look forward to our ongoing work and support of the Engagement Systems Department," said David Carter, President of Kratos Defense Engineering Solutions Division.
As part of this award, Kratos' expert staff will provide crucial systems engineering support for a variety of weapon systems by providing detailed gun and weapons engineering studies and developing plans and related documentation. This support includes preparing and updating program management plans, acquisition strategies, system engineering plans, operational requirements documents, Interface Control Documents, Systems Specifications, test and evaluation management plans, and test exercise plans/reports for programs such as Littoral Combat Ship (LCS), Electromagnetic (EM) Railgun, Anti-Armor, Deepwater, Precision Strike Package (PSP) now known as Dragon Spear, Battle Management System (BMS), Assault Amphibious Vehicle Upgunned Weapon System, and 76-mm Super Rapid Gun Mount.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) provides mission critical products, services and solutions for United States National Security. Principal products, services and solution offerings relate to and support C5ISR, weapon systems sustainment, military weapon range operations and technical services, network engineering services, information assurance and cyber security solutions, security and surveillance systems, and critical infrastructure security system design and integration. The Company is headquartered in San Diego, California, with resources located throughout the U.S. and at key strategic military locations. News and information are available at .
The Kratos Defense & Security Solutions, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3519
Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements that involve risks and uncertainties, including, without limitation, expressed or implied statements concerning the Company's expectations regarding the amount of revenue that will ultimately be recognized under the contract described in this release. Such statements are only predictions, and the Company's actual results may differ materially. Factors that may cause the Company's results to differ include, but are not limited to: risks that the customer will curtail or delay the work under the contract; risks of adverse regulatory action or litigation; risks associated with debt leverage; risks that changes or cutbacks in spending by the U.S. Department of Defense may occur, which could cause delays or cancellations of key government contracts; failure to successfully consummate acquisitions or integrate acquired operations and competition in the marketplace which could reduce revenues and profit margins. The Company undertakes no obligation to update any forward-looking statements. These and other risk factors are more fully discussed in the Company's Annual Report on Form 10-K for the period ended December 27, 2009, the Company's Quarterly Report on Form 10-Q for the period ended June 27, 2010, and in other filings made with the Securities and Exchange Commission.
CONTACT: Kratos Defense & Security Solutions, Inc. Press Contact: Yolanda White 858-812-7302 Investor Information: 877-934-4687 investor@kratosdefense.com