SAN DIEGO, Sept. 20, 2010 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Federal Civilian Services team has been awarded a new, three-year task order supporting the Department of Education's (ED) Office of Vocational and Adult Education (OVAE). This task order will aid low-skilled adult workers to transition to employment through career pathways, planned and sequenced courses of study leading to an industry recognized certificate, credential or postsecondary education. Designing Instruction for Career Pathways will provide high quality technical assistance (TA) to state and local adult education providers, enabling them to design and implement career pathways programming to low-skilled adults.
While it is commonly recognized that postsecondary education and training helps workers succeed in the global economy, there are few courses that bridge basic skills instruction with postsecondary opportunities while supporting an adult learner's advancement along career pathways. Kratos will support state and local adult education providers in developing, delivering and disseminating instructional programs that address the educational needs of adult students within multiple career pathway models. This will include providing OVAE with an online vehicle that state and local adult education providers can use to share the materials and resources developed. The contract is expected to be performed over a three-year period, with a total contract value of approximately $3.6 million.
The project will efficiently leverage previous ED investments to support the transition of low-skilled adults into postsecondary education and employment. Designing Instruction for Career Pathways also supports the broad goals of The American Recovery and Reinvestment Act of 2009 as well as the President's goal for all workers to complete at least a year of postsecondary education or advanced training.
"Our team has a long standing history of supporting the ED's work and we are pleased to have the opportunity to once again demonstrate our commitment to their programs," said Kristine Nowicki, Director of Kratos' Civilian Services team. "We will employ the full range of our learning, communications and technology expertise to achieve ED's goal of providing pathways that prepare participants for the next level of education and employment."
Kratos has a successful 14-year relationship with the Department of Education, having served agencies including the Office of Elementary and Secondary Education, the Office of Special Education and Rehabilitative Services, the Office of Vocational and Adult Education, and the Office of Postsecondary Education. Kratos has supported numerous initiatives including the National School-to-Work Office, the Smaller Learning Communities Program, America's Career Resource Network, Student Achievement in Reading (STAR) and Policy to Performance, the Adult Basic Education to Postsecondary Education initiative.
About Kratos Defense and 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 .
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Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements 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 customers will curtail or delay the work under the contracts; 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; and 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 March 28, 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