updated 5/9/2011 8:15:49 AM ET 2011-05-09T12:15:49

SAN DIEGO, May 9, 2011 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its wholly owned subsidiary Henry Bros. Electronics (HBE) has recently been awarded a new contract in excess of $3 million to provide and support the security system design, engineering, integration, deployment and installation of a comprehensive security infrastructure and system for one of the largest public agencies in the United States. Work will be performed at many critical infrastructure and key resource sites for this agency at certain bridges, tunnels, rail transportation and communication hubs where advanced security networks are being deployed for video surveillance, access control and perimeter detection and protection. Details of the deployments and the specific agency are confidential, and enterprise wide security systems and visualization solutions will also be included in the areas supported.

Ben Goodwin, President of HBE, a Kratos Company, stated, "Our continued support of critical infrastructure for large public agencies demonstrates our ability, commitment and expertise in this important security domain. Our employees, contractors and suppliers are available around the clock to support the security needs and requirements of our country's critical infrastructure and transportation networks. We continue to be looked upon both around the country and around the world for our expertise in the critical infrastructure and strategic asset security arena. We at Kratos are extremely proud of the work that we perform for public security and safety, and the protection of our country's citizens."

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized National Security Technology business providing mission critical products, services and solutions for United States National Security priorities.  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), unmanned systems, cyber warfare, cyber security, information assurance, critical infrastructure security and weapons systems sustainment.  Kratos has primarily an engineering and technical oriented work force of approximately 3,900, the majority of which hold an active National Security clearance, including Secret, Top Secret and higher.  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 United States Federal Government agencies, including the Department of Defense, classified agencies, intelligence agencies and Homeland Security related agencies.  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

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 performance and expected revenues under the contract. 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 the Company 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 26, 2010, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

CONTACT: Press Contact:
         Yolanda White
         858-812-7302 Direct
         
         Investor Information:
         877-934-4687
         investor@kratosdefense.com

© 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 5.05%
$30K home equity loan FICO 5.65%
$75K home equity loan FICO 4.96%
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 17.15%
17.15%
Source: Bankrate.com