Kratos Awarded SeaPort Next Generation Multiple-Award IDIQ Prime Contract $5 Billion in Total Procurement Opportunities Over Ten Years

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SAN DIEGO, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that its Defense & Rocket Support Services Division has been awarded a SeaPort Next Generation (SeaPort NxG) prime contract to provide Engineering and Program Management support services to the U.S. Navy and Marine Corps.

SeaPort NxG is the Navy’s primary Multiple-Award Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract for soliciting Contractor support services.  This SEAPORT-E follow-on contract vehicle has a five-year base and five-year option ordering period, with a potential value of $5 billion per year or $50 billion over the 10 year contract life span for all Seaport NxG awardees, to procure future support services requirements. 

Dave Carter, President of the Kratos’ Defense & Rocket Support Services Division, said, "This award provides Kratos the opportunity to respond to future Navy Surface Warfare requirements.  Kratos looks forward to providing quality Engineering and Program Management services to the U.S. Navy and Marine Corps.”Kratos is an industry leader in the rapid design, development and fielding of technologically advanced, affordable systems.  Kratos, through its Defense & Rocket Support Services Division (KDRSS) is a leading provider of products, solutions, and services supporting ballistic missile defense, hypersonics, Aegis, AMDR, sounding rockets, directed energy and other national security and scientific programs.

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Globe Newswire: 14:00 GMT Thursday 6th December 2018

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