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Undersea Warfare Center Awards $11M Contract To Kratos

Mar, 2009 (FinancialWire) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) has been awarded an $11 million, five year (base year plus four option years) prime contract to support the Naval Undersea Warfare Center division in Keyport, WA.

Under this contract, Kratos will provide operational lifecycle support, including engineering, technical and logistics, for the MK 30 target and its associated test, handling and launch equipment. The MK 30 is an unmanned undersea vehicle that simulates a submarine by emitting acoustic and magnetic signatures that can be detected and tracked by surface ship, aircraft and submarine crews engaged in Anti-Submarine Warfare training exercises for surface ships, submarines, and ASW aircraft, while providing more affordable and effective training for navy crews.

Dave Carter, executive vice president of Kratos' Defense Engineering Solutions group, said the contract "strengthens our presence in key strategic locations including Keyport, WA; Kauai, HI; and San Diego, CA."

Kratos Defense & Security Solutions provides mission critical engineering, IT services and war fighter solutions for the U.S. federal government and for state and local agencies.

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