FONT-SIZE Plus   Neg

Kratos Defense & Security Gets $10 Mln Critical Infrastructure Security Contract

Kratos Defense & Security Solutions Inc. (KTOS), National Security Solutions provider, announced that its Public Safety & Security Solutions or PSS Division has recently received a $10 million critical infrastructure security award.

The contract award, received from a large mass transit authority in the United States, calls for Kratos PSS to design, engineer, deploy and integrate into a command and control infrastructure a state of the art security and surveillance system.

The award will include deployment of security and surveillance elements on certain mobile assets. This recent contract award represents additional funding and a scope increase on a previously announced contract award.

The company said that due to the nature of the contract award, customer related and other considerations, no additional information is being provided.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Germany's Deutsche Bank AG reported Thursday a profit in its third quarter, compared to loss a year ago. Last year, the company had registered a hefty 5.8 billion euros impairment charge related to Hua Xia Bank Co. Revenues also were higher in the quarter. Shares of Nokia Corp. were losing around 8 percent in the early morning trading after the Finnish network equipment maker reported a loss in its third quarter, compared to a profit last year. The results reflected costs related to Alcatel-Lucent deal. The company also said its Chief Financial Officer Timo Ihamuotila resigned to join Swiss engineering firm ABB Ltd. as CFO. Electric car maker Tesla Motors Inc. (TSLA), Wednesday reported a profit for the third quarter beating Wall Street estimates by a large margin, driven primarily by record production and deliveries. Shares of the company gained over 5 percent in extended hours after the company reaffirmed its delivery...
comments powered by Disqus
Follow RTT