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Security Sector Watch: Kratos Awarded $9 Million In New Contracts

June 3, 2010 (FinancialWire) — Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) said the service, maintenance, and reset business unit of its Gichner Systems Group Division has received new contract awards in excess of $9 million, for the reset and refurbishment of aviation maintenance shelters.

Including these new awards, this ongoing reset program exceeds $22 million in total orders.

The Aviation Maintenance Shop Set is a specialty maintenance facility, which Gichner is currently retrofitting, repairing, modifying and integrating with the necessary components to support the needs of our war fighters. These systems are comprised of a modified S-280 shelter product, each unit fully outfitted with all the required machinery, equipment and tools necessary for maintaining aircraft at the unit level, as well as 20 foot single side expandable ISO shelters which are integrated with the equipment required for performing intermediate and limited depot-level maintenance.

The volume of these orders, the expected total program size, and forecasted additional reset and refurbishment opportunities has permitted the opening of a 100,000 square foot facility solely dedicated to the provision of shelter services, maintenance and reset.

Scott Sarine, Gichner VP of sales and marketing, said, "The growth in the service and maintenance portion of our business has exceeded our expectations."

Gichner Systems, the most recent addition to the Weapons Systems Solutions Division of Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), is a leading design, engineering, manufacturer and integrator of tactical and other shelters, products, solutions, modular containers, subsystems and support equipment for the U.S. military, its allies, and leading defense prime contractors.

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

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