Successful Operational and Flight Training Series of Kratos' (Nasdaq: $KTOS) High Performance Unmanned Aerial #Drone System Positions Company for Expanded International Operations
Recapitalization of Strategic Weapon Systems Driving Increased Demand for Kratos' High Performance, Threat Representative Target Drone Systems Globally
SAN DIEGO - September 14, 2018 (Investorideas.com Newswire) Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has successfully completed in-depth training for operations, maintenance, and flight/piloting for a key international customer with our Firejet unmanned aerial target system and multiple mission sets. Concluding with a series of training flights, these recent efforts enable this customer to now independently maintain and operate the high performance target drone system for their own use and to provide operations for other users around the world, positioning Kratos for significant increased sales of the Firejet system globally. Kratos is the industry leader in affordable, high performance unmanned aerial drone systems for tactical and potential adversary threat representative target missions.
Steve Fendley, President of Kratos Unmanned Systems Division, said, "We're proud of the accelerating trend as we expand the worldwide footprint of Kratos' high capability Firejet system and we look forward to further expansion in the years ahead. Our team has worked hard on progressively simplifying the operations and maintenance requirements and continuously improving the reliability of the system to minimize time the users spend on the target system itself, which results in both a greater number of missions and drone time on station for our customers."
Eric DeMarco, President and CEO of Kratos, said, "The recapitalization of strategic weapon systems to address peer and near peer adversarial threats is driving strong demand for Kratos' high performance unmanned aerial target drone systems, both with the U.S. Department of Defense and globally. Over the next several months we expect to receive several long term, multi-year contracts to address both our existing and potential new customer requirements of evolving and an increasing number of threats."
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 streamlined development processes. 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 31, 2017, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
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