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CST: 27/02/2020 05:28:43   

Kratos/ECS Federal Team Awarded $850 Million Multiple-Award DARPA Contract

359 Days ago

SAN DIEGO, March 04, 2019 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider, announced today that its Defense & Rocket Support Services Division is a key member of the ECS Federal Team recently awarded an $850 million Multiple-Award Indefinite-Delivery Indefinite-Quantity (IDIQ) contract to provide Advisory and Assistance Services (A&AS) to the Defense Advanced Research Projects Agency (DARPA) in Arlington, Virginia.  Kratos, along with ECS Federal, will provide technical and analytical services to advance DARPA’s mission to push technological boundaries and create breakthrough technologies to support national security. 

Tim Harmon, Vice President of Kratos’ Advanced Naval Weapon Systems Business Unit, said, "We are very excited to collaborate with ECS Federal and DARPA to develop innovative solutions that address U.S. National Security gaps.”

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training and combat systems. For more information go to 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 30, 2018, 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

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