Kratos Awarded $86.4 M IDIQ Contract

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that it was awarded an Indefinite Delivery Indefinite Quantity (IDIQ) contract worth up to $86.4 million for training analysis and technology-based training development services for the Naval Education & Training Command (NETC). This contract enables NETC Learning Centers to draw upon Kratos' industry-leading expertise to develop innovative web-based training, serious gaming, desktop simulation and social learning solutions.

Phil Carrai, President of Kratos Technology and Training Solutions, said, "This award validates the trust our NETC customers place in Kratos' ability to assist them in leveraging the myriad of new and advanced training technologies available today, and to do so in a cost effective way. It will also enable Kratos to expand our efforts to offer training solutions to new customers across the Navy's surface combat systems, submarine operations, naval engineering, intelligence and cyber security domains."

Source: Kratos
Date: Apr 11, 2012