Kratos' SAT Awarded Multi-Million Dollar Contract From Large Satellite Operator for Satellite Interference Monitoring
(GlobeNewswire Via Acquire Media NewsEdge) SAN DIEGO, March 17, 2013 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc.(Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its SAT Corporation (SAT) subsidiary has received a multi-million dollar order to provide satellite interference detection and quality of service monitoring. The contract, awarded by one of the industry's largest companies, includes SAT's satellite monitoring product, Monics®.
Monics is an enterprise networked advanced spectrum measurement and interference analysis system used by the majority of satellite operators and telecommunications providers around the world. As a complete carrier monitoring system, Monics also provides advanced interference detection and analysis capabilities.
The Monics implementation will combine hardware and software components to provide monitoring for satellite uplink and downlink performance. Monics' native scalability and flexibility enable a fully distributed, autonomous system for monitoring payload traffic and RF interference, including co-channel interference.
This will be the first satellite operator to implement both Monics and SAT's new Monics Enterprise Manager (MEM). MEM will provide greatly enhanced visibility into the customer's satellite payload performance along with centralized control over monitoring assets. MEM adds an improved user interface that includes custom displays for alarm and data management as well as enhanced system administration.
Over the next three years, Monics will be installed in numerous locations around the globe. These locations will provide worldwide payload monitoring and interference detection to protect mission critical satellite bandwidth and supply real-time satellite payload situational awareness.
"RF interference continues to affect service quality and revenue of satellite operators," said Bob Potter, President of SAT. "Like our many other users, this newest SAT customer will be able to identify and mitigate these costly events with the advanced technology behind Monics and MEM, enabling its operators to provide the best quality of service to customers."
"Kratos has been strong commercial partners with many of the world's satellite providers for years, and it is gratifying to see that trend continue to grow with this very important program," said Phil Carrai, President of Kratos Technology & Training Solutions. "Approximately 35 percent of Kratos' business for 2013 originates from sources other than U.S. Federal Government or DoD programs, including commercial solutions used by more than 75 percent of the world's commercial satellite owners."
Monics will be demonstrated in the Kratos booth #4024 at the Satellite 2013 exhibition, March 19-21, 2013, in Washington D.C., and at the National Space Symposium 2013, booth # 408, April 8-11, 2013, in Colorado Springs, CO. For more information, please visit http://www.sat.com
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized National Security technology business providing mission critical products, services and solutions for United States National Security. Kratos' core capabilities are sophisticated engineering, manufacturing and system integration offerings for National Security platforms and programs. Kratos' areas of expertise include Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance (C5ISR), satellite communication systems, unmanned systems, cyber warfare, cyber security, information assurance, and critical infrastructure security. Kratos has primarily an engineering and technically oriented work force of approximately 4,300. The vast majority of Kratos' work is performed on a military base, in a secure facility or at a critical infrastructure location. Kratos' primary end customers are National Security related agencies. News and information are available at www.KratosDefense.com.
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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, including risks related to general economic conditions and product failure. 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. 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 30, 2012 and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
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Source: Kratos Defense & Security Solutions, Inc.
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