updated 11/29/2010 11:46:33 AM ET 2010-11-29T16:46:33

SAN DIEGO, Nov. 29, 2010 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading national security solutions provider, today announced that its Rocket Support Services (RSS) business unit located in Glen Burnie, Maryland, successfully launched a target rocket from the Pacific Missile Range Facility/Kauai Test Facility in support of a U.S. Ballistic Missile Defense event. Kratos is providing rocket launch and engineering services, and ARAV BMD related targets and associated products on tasking under a previously awarded $100 million dollar contract vehicle related to advanced rocket, propulsion, BMD and other National Defense programs.

The launch of an Aegis Readiness Assessment Vehicle – B variant (ARAV-B) rocket occurred on November 12th to provide a threat-representative surrogate for the event. This was the 14th ARAV-B launch for the Kratos RSS business unit, all of which have been successful.

Dave Carter, President of the Kratos Defense Engineering Solutions Division, emphasized, "We work closely with our Government and industry partners to provide cost-effective, yet capable and reliable rockets for these events. I am very pleased with the continued success of our efforts to support the U.S. Ballistic Missile Defense Program."

"I am extremely pleased by the ongoing success of the ARAV Program. We remain extremely proud of these opportunities to continue our support of the White Sands Missile Range Detachment of the Naval Surface Warfare Center, Port Hueneme Division, and the vitally important Ballistic Missile Defense mission to United States National Security," said Eric DeMarco, Kratos' President and Chief Executive Officer.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a United States National Security Solutions provider. Kratos provides mission critical products, solutions and services for United States National and Homeland Security. Principal areas of expertise include C5ISR; sensor development; unmanned system solutions and support; weapon systems upgrade and sustainment; design, engineering, manufacturing and integration of military products, tactical and other shelters; military weapon range operations; critical network engineering services; information assurance and cybersecurity solutions; security and surveillance systems; and critical infrastructure security system design, integration and operation. 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 www.KratosDefense.com .

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 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. 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 Company's business in general, see the risk disclosures in the Company's SEC filings, including its most recent Annual Report on Form 10-K for the year ended December 27, 2009 and its Quarterly Reports on Form 10-Q filed from time to time with the SEC. All forward-looking statements included in this news release are based on information available at the time of the release. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.71%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.14%
17.14%
Source: Bankrate.com