Kratos Defense & Security (KTOS) and SAIC Announces $72 Million Multiple Award Contract

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) announced that it was on the Science Applications International Corporation (SAIC) (NYSE: SAI) winning team to provide Intelligence Surveillance Reconnaissance (ISR), Information Operations (IO), Systems Engineering, Software Development, and Test and Evaluation services to Space and Naval Warfare Systems Center Pacific (SSC Pacific). Kratos will provide systems engineering, software development, test and evaluation, and program management services in support of ocean surveillance systems. The five-year indefinite-delivery/indefinite-quantity contract includes a three-year base and two option years and a potential contract value of approximately $72.6 million if all task orders and the option are exercised.

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