Kratos Awarded $10.5 M to Provide Rocket Launch Products and Services for BMD Programs

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today it has been awarded a $10.5 million task order under its $100 million U.S. Army Multiple Award Prime Contract (MAC) for Theoretical Studies and Engineering Research (TSER). The Naval Surface Warfare Center Port Hueneme Detachment White Sands (NSWC PHD Det WS) utilizes the TSER contract to support various national security related customers, including the Missile Defense Agency (MDA) and the Aegis Ballistic Missile Defense (BMD) Program.

The Aegis BMD system is designed to defend against foreign and adversarial missile threats during the mid-course phase of flight. Under this task order award, the Rocket Support Services (RSS) Business Unit of Kratos will provide sub-orbital rocket vehicle related hardware, certain other specialized products, engineering, technical services and launch support for a series of Ballistic Missile Defense related missions planned over the next two years.

Dave Carter, President of Kratos' Defense & Rocket Support Services (KDRSS) Division, noted, "We are extremely pleased with this award, and I am personally very proud of our entire RSS team for the support we are providing our customers for critical national security priority initiatives. The specialized products, engineering and technical services to be provided by Kratos under this task order will support the test and evaluation of several critical ballistic missile defense programs, and these very unique Kratos products and offerings represent key strategic differentiators for our Company."

Eric Demarco, President and CEO of Kratos, noted, "This award clearly demonstrates the continued successful execution of our stated strategy to align Kratos' business and our specialized products and technology with our Nation's highest-priority security related programs and initiatives, including ballistic missile defense and hypersonic vehicle initiatives. Our recently expanded RSS facility in Glen Burnie, MD provides additional laboratory, test, integration, warehouse and administrative space, which will be used to support this award and the overall growth Kratos' Rocket Support Services business has been generating."

Source: Kratos
Date: Sep 11, 2012