Category: Aerospace and Defense

C-Suite Interview with CoreCivic (CXW) President & CEO Damon Hininger

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Noble Capital Markets Senior Research Analyst Joe Gomes sits down with CoreCivic President & CEO Damon Hininger for this exclusive interview.

Research, News, and Advanced Market Data on CXW


View all C-Suite Interviews

About CoreCivic

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Release – Kratos Named One of the First Cybersecurity Maturity Model Certification Third Party Assessment Organizations

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Kratos Named One of the First Cybersecurity Maturity Model Certification (CMMC) Third Party Assessment Organizations (C3PAO)

 

SAN DIEGO, 
June 15, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has been named by the federal government as one of the first two CMMC Third Party Assessment Organizations (C3PAO). As a C3PAO, Kratos will be able to conduct CMMC Level 1-3 assessments once the government completes certain preparatory and authorization steps.

The CMMC is a new unified security standard and a certification process developed by the 
U.S. Department of Defense (
DoD) to protect the security of Federal Contract Information (FCI) and Controlled Unclassified Information (CUI) within the Defense Industrial Base (DIB). In accordance with recent updates to DFARS 252.204, the 
Office of the Under Secretary of Defense (OUSD) will begin a phased rollout requiring contractors to achieve CMMC certification. Once the rollout is complete, nearly all companies seeking to respond to 
DoD proposal requests will require CMMC certification.

Kratos has years of robust experience in compliance and certification, risk management and cyber operations, defense and engineering. Services include vulnerability assessments, enterprise security architecture design, application security testing and risk management processes. Kratos cybersecurity services support the development and operation of proactive cybersecurity programs, the development of enterprise cloud security strategies, and the establishment of sound and practical information security architectures tailored to organizational needs.

Mark Williams, Vice President, Kratos Cybersecurity Services explained: “As a member of the DIB Kratos underwent a rigorous assessment by the Defense Industrial Base Cybersecurity Assessment Center, which was a key factor in its early C3PAO authorization by the 
CMMC AB.” Once authorized to begin conducting assessments. Kratos’ Provisional Assessor-led teams will conduct the CMMC assessments that consist of up to four phases. The Planning phase includes assessment plan development and an assessment readiness review. The Assessment phase includes collecting and validating the required Objective Evidence (OE) and generating final results. Presentation of the results occurs in the Report Findings phase. If issues are identified in the Report Findings phase, the Remediation phase is dedicated to evaluating remedial actions taken. Depending on the assessment complexity Kratos estimates that most assessments will be completed in four to six weeks.

Phil Carrai, President of Kratos Space, Training and Cyber Division highlighted the importance of a robust CMMC program. “The recent spate of data breaches affecting both government and commercial organizations underscores the need for more robust security measures to protect critical information. For 
DoD this means increased protection of FCI and CUI data. CMMC will be a critical component of heightened security as all companies will need to pass strict CMMC security assessments before being awarded 
DoD contracts. Kratos is proud to be named one of the first C3PAOs. Our extensive experience in providing advisory and assessment services for compliance frameworks such as FedRAMP and others position us well to support CMMC.”

For more information on Kratos’ CMMC services visit: https://www.kratosdefense.com/cmmc-c3pao.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

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. 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. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Kratos Named One of the First Cybersecurity Maturity Model Certification (CMMC) Third Party Assessment Organizations (C3PAO)

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Kratos Named One of the First Cybersecurity Maturity Model Certification (CMMC) Third Party Assessment Organizations (C3PAO)

 

SAN DIEGO, 
June 15, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has been named by the federal government as one of the first two CMMC Third Party Assessment Organizations (C3PAO). As a C3PAO, Kratos will be able to conduct CMMC Level 1-3 assessments once the government completes certain preparatory and authorization steps.

The CMMC is a new unified security standard and a certification process developed by the 
U.S. Department of Defense (
DoD) to protect the security of Federal Contract Information (FCI) and Controlled Unclassified Information (CUI) within the Defense Industrial Base (DIB). In accordance with recent updates to DFARS 252.204, the 
Office of the Under Secretary of Defense (OUSD) will begin a phased rollout requiring contractors to achieve CMMC certification. Once the rollout is complete, nearly all companies seeking to respond to 
DoD proposal requests will require CMMC certification.

Kratos has years of robust experience in compliance and certification, risk management and cyber operations, defense and engineering. Services include vulnerability assessments, enterprise security architecture design, application security testing and risk management processes. Kratos cybersecurity services support the development and operation of proactive cybersecurity programs, the development of enterprise cloud security strategies, and the establishment of sound and practical information security architectures tailored to organizational needs.

Mark Williams, Vice President, Kratos Cybersecurity Services explained: “As a member of the DIB Kratos underwent a rigorous assessment by the Defense Industrial Base Cybersecurity Assessment Center, which was a key factor in its early C3PAO authorization by the 
CMMC AB.” Once authorized to begin conducting assessments. Kratos’ Provisional Assessor-led teams will conduct the CMMC assessments that consist of up to four phases. The Planning phase includes assessment plan development and an assessment readiness review. The Assessment phase includes collecting and validating the required Objective Evidence (OE) and generating final results. Presentation of the results occurs in the Report Findings phase. If issues are identified in the Report Findings phase, the Remediation phase is dedicated to evaluating remedial actions taken. Depending on the assessment complexity Kratos estimates that most assessments will be completed in four to six weeks.

Phil Carrai, President of Kratos Space, Training and Cyber Division highlighted the importance of a robust CMMC program. “The recent spate of data breaches affecting both government and commercial organizations underscores the need for more robust security measures to protect critical information. For 
DoD this means increased protection of FCI and CUI data. CMMC will be a critical component of heightened security as all companies will need to pass strict CMMC security assessments before being awarded 
DoD contracts. Kratos is proud to be named one of the first C3PAOs. Our extensive experience in providing advisory and assessment services for compliance frameworks such as FedRAMP and others position us well to support CMMC.”

For more information on Kratos’ CMMC services visit: https://www.kratosdefense.com/cmmc-c3pao.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

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. 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. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Release – Kratos Provides Ballistic and Airborne Targets for Formidable Shield 21 Campaign

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Kratos Provides Ballistic and Airborne Targets for Formidable Shield 21 Campaign

 

SAN DIEGO, 
June 10, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Space & Missile Defense Systems Business Unit, a part of Kratos’ 
Defense & Rocket Support Services Division supported the 
U.S. Navy’s Sixth Fleet, NATO’s Naval Striking and Support Forces (STRIKFORNATO) and the 
Maritime Theater Missile Defense Forum (MTMD-F) in the successful execution of Exercise At-Sea Demonstration/Formidable Shield 2021 at the 
U.K. Ministry of Defence’s 
Hebrides Range in 
Scotland. The Exercise included two Kratos medium range ballistic missile targets presented at the same time as the Kratos MQM-178 Firejet aerial target drones, from Kratos’ Unmanned Systems Division. The multi-national exercise featured 16 ships, several aircraft and approximately 3,300 personnel from 10 countries.

 

Successful ARAV-B launch sequence

 

Kratos has supported the biennial Formidable Shield Exercise since its inception in 2017, providing 
NATO forces the opportunity to improve interoperability in the integrated air and missile defense (IAMD) environment. This year’s exercise included ships from 
Belgium, 
Denmark, 
France, 
Germany, 
Italy, 
the Netherlands, 
Norway, 
Spain, the 
United Kingdom, and 
the United States, participating in a range of live-fire and simulated missile engagements against aerial and ballistic missile targets.

Kratos, along with the Naval Surface Warfare Center Port Hueneme Division’s White Sands Detachment (NSWC PHD WSD), provided and launched two advanced ballistic missile targets for the exercise featuring Kratos’ Oriole Rocket System. The ballistic missile targets met all test objectives and were engaged by Standard Missile-3 (SM-3) interceptors on 
May 26 and 
May 30, 2021 off the USS Paul Ignatius (DDG 117). Data gathered during Exercise Formidable Shield 2021 will be used to refine the design and capabilities of subscale BMD targets for future exercises. These two launches surpassed the prior record held by Kratos and NSWC PHD WSD for the highest launch within the 
United Kingdom.

Dave Carter, President of the 
Kratos Defense & Rocket Support Services (KDRSS) Division, said, “Kratos is tremendously proud of its team of professionals who work diligently and passionately to make events like Formidable Shield a continual success for users around the world. Despite the challenges presented by the global pandemic, they have continued to deliver affordable, responsive and reliable targets to our Government customers and their allies.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology, and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

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. 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. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Kratos Provides Ballistic and Airborne Targets for Formidable Shield 21 Campaign

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Kratos Provides Ballistic and Airborne Targets for Formidable Shield 21 Campaign

 

SAN DIEGO, 
June 10, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Space & Missile Defense Systems Business Unit, a part of Kratos’ 
Defense & Rocket Support Services Division supported the 
U.S. Navy’s Sixth Fleet, NATO’s Naval Striking and Support Forces (STRIKFORNATO) and the 
Maritime Theater Missile Defense Forum (MTMD-F) in the successful execution of Exercise At-Sea Demonstration/Formidable Shield 2021 at the 
U.K. Ministry of Defence’s 
Hebrides Range in 
Scotland. The Exercise included two Kratos medium range ballistic missile targets presented at the same time as the Kratos MQM-178 Firejet aerial target drones, from Kratos’ Unmanned Systems Division. The multi-national exercise featured 16 ships, several aircraft and approximately 3,300 personnel from 10 countries.

 

Successful ARAV-B launch sequence

 

Kratos has supported the biennial Formidable Shield Exercise since its inception in 2017, providing 
NATO forces the opportunity to improve interoperability in the integrated air and missile defense (IAMD) environment. This year’s exercise included ships from 
Belgium, 
Denmark, 
France, 
Germany, 
Italy, 
the Netherlands, 
Norway, 
Spain, the 
United Kingdom, and 
the United States, participating in a range of live-fire and simulated missile engagements against aerial and ballistic missile targets.

Kratos, along with the Naval Surface Warfare Center Port Hueneme Division’s White Sands Detachment (NSWC PHD WSD), provided and launched two advanced ballistic missile targets for the exercise featuring Kratos’ Oriole Rocket System. The ballistic missile targets met all test objectives and were engaged by Standard Missile-3 (SM-3) interceptors on 
May 26 and 
May 30, 2021 off the USS Paul Ignatius (DDG 117). Data gathered during Exercise Formidable Shield 2021 will be used to refine the design and capabilities of subscale BMD targets for future exercises. These two launches surpassed the prior record held by Kratos and NSWC PHD WSD for the highest launch within the 
United Kingdom.

Dave Carter, President of the 
Kratos Defense & Rocket Support Services (KDRSS) Division, said, “Kratos is tremendously proud of its team of professionals who work diligently and passionately to make events like Formidable Shield a continual success for users around the world. Despite the challenges presented by the global pandemic, they have continued to deliver affordable, responsive and reliable targets to our Government customers and their allies.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology, and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

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. 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. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Release – Kratos Completes Major Milestone in Build-Out of Advanced Space Radio Monitoring System

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Kratos Completes Major Milestone in Build-Out of Advanced Space Radio Monitoring System for the Communications Regulatory Authority (CRA) of the State of Qatar

 

Successful Critical Design Review Accelerates Path to Production and Testing of System

SAN DIEGO, 
June 08, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has successfully completed the Critical Design Review (CDR) for the build out of the advanced space radio monitoring system for the 
Communications Regulatory Authority (CRA) of the 
State of Qatar.

Kratos is providing turnkey services from the design, installation, and integration of the advanced space radio monitoring system to help the CRA regulate and protect the satellite spectrum. As part of the contract, awarded in 2020, the scope of work includes implementing the core satellite technology and associated hardware and software.

The advanced space radio monitoring system includes a fixed site and mobile unit to monitor satellite downlinks to manage and protect the spectrum. The comprehensive system includes Kratos’ antennas, satellite monitoring and geolocation products, and an Unmanned Aerial Vehicle (UAV) spectrum analysis solution to detect and mitigate any potential interference events.

“The rapid rise in the number of wireless networks and devices increases the potential for unauthorized usage, interference, and illegal transmissions,” said  Bruno Dupas, President of Kratos’ operation in 
France. “We are designing and building this one-of-a-kind satellite radio monitoring station for the 
State of Qatar to support the delivery of reliable licensed satellite services and interference-free operations.”

Kratos is uniquely positioned to help government agencies protect the spectrum and has worked with numerous regulators across the globe to implement successful spectrum monitoring solutions. Kratos offers extensive turnkey capabilities and a range of advanced products that spans the full range of ground operations including networks, RF management, and Space Domain Awareness (SDA).

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

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. 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. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Kratos Completes Major Milestone in Build-Out of Advanced Space Radio Monitoring System for the Communications Regulatory Authority (CRA) of the State of Qatar

Posted on by Admin


Kratos Completes Major Milestone in Build-Out of Advanced Space Radio Monitoring System for the Communications Regulatory Authority (CRA) of the State of Qatar

 

Successful Critical Design Review Accelerates Path to Production and Testing of System

SAN DIEGO, 
June 08, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has successfully completed the Critical Design Review (CDR) for the build out of the advanced space radio monitoring system for the 
Communications Regulatory Authority (CRA) of the 
State of Qatar.

Kratos is providing turnkey services from the design, installation, and integration of the advanced space radio monitoring system to help the CRA regulate and protect the satellite spectrum. As part of the contract, awarded in 2020, the scope of work includes implementing the core satellite technology and associated hardware and software.

The advanced space radio monitoring system includes a fixed site and mobile unit to monitor satellite downlinks to manage and protect the spectrum. The comprehensive system includes Kratos’ antennas, satellite monitoring and geolocation products, and an Unmanned Aerial Vehicle (UAV) spectrum analysis solution to detect and mitigate any potential interference events.

“The rapid rise in the number of wireless networks and devices increases the potential for unauthorized usage, interference, and illegal transmissions,” said  Bruno Dupas, President of Kratos’ operation in 
France. “We are designing and building this one-of-a-kind satellite radio monitoring station for the 
State of Qatar to support the delivery of reliable licensed satellite services and interference-free operations.”

Kratos is uniquely positioned to help government agencies protect the spectrum and has worked with numerous regulators across the globe to implement successful spectrum monitoring solutions. Kratos offers extensive turnkey capabilities and a range of advanced products that spans the full range of ground operations including networks, RF management, and Space Domain Awareness (SDA).

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

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. 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. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Release – Kratos Appoints Deanna Lund to Board of Directors

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Kratos Appoints Deanna Lund to Board of Directors

 

SAN DIEGO, 
June 03, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, is pleased to announce the appointment of  Deanna Hom Lund to the Company’s Board of Directors.

Ms. Lund has served as Kratos’ Executive Vice President and Chief Financial Officer since 
April 2009.  Ms. Lund was Kratos’ Senior Vice President and Chief Financial Officer from 
April 2004 to 
March 2009. Prior to joining Kratos,  Ms. Lund was the Vice President and Corporate Controller of 
Titan Corporation from 
July 1998 to 2004.  Ms. Lund was also Titan’s Corporate Controller from 
December 1996 to 
July 1998, and its Corporate Manager of Operations Analysis from 1993 to 1996. Prior to Titan,  Ms. Lund worked for 
Arthur Andersen, LLP.  Ms. Lund received her bachelor’s degree in Accounting from 
San Diego State University, magna cum laude, and is a Certified Public Accountant.

William Hoglund, the Chairman of the Board, said, “We are delighted that Deanna will be joining our Board. She is a strategic, engaging leader that brings a wealth of skills and experience in finance and corporate development. She will be an excellent addition to the Board as Kratos continues to execute its vision and strategy to be the go-to provider of affordable products, systems and solutions that are rapidly developed, demonstrated and fielded for the War Fighter.”

Upon the unanimous recommendation of the Board’s 
Nomination & Governance Committee, the Board of Directors also voted to increase the size of the Company’s Board to nine members, with  Ms. Lund filling one of the two vacancies. The Board of Directors expects to fill the second vacancy within the next 18 months when a suitable candidate is identified.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

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. 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. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com


Source: Kratos Defense & Security Solutions, Inc.

Kratos Appoints Deanna Lund to Board of Directors

Posted on by Admin


Kratos Appoints Deanna Lund to Board of Directors

 

SAN DIEGO, 
June 03, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, is pleased to announce the appointment of  Deanna Hom Lund to the Company’s Board of Directors.

Ms. Lund has served as Kratos’ Executive Vice President and Chief Financial Officer since 
April 2009.  Ms. Lund was Kratos’ Senior Vice President and Chief Financial Officer from 
April 2004 to 
March 2009. Prior to joining Kratos,  Ms. Lund was the Vice President and Corporate Controller of 
Titan Corporation from 
July 1998 to 2004.  Ms. Lund was also Titan’s Corporate Controller from 
December 1996 to 
July 1998, and its Corporate Manager of Operations Analysis from 1993 to 1996. Prior to Titan,  Ms. Lund worked for 
Arthur Andersen, LLP.  Ms. Lund received her bachelor’s degree in Accounting from 
San Diego State University, magna cum laude, and is a Certified Public Accountant.

William Hoglund, the Chairman of the Board, said, “We are delighted that Deanna will be joining our Board. She is a strategic, engaging leader that brings a wealth of skills and experience in finance and corporate development. She will be an excellent addition to the Board as Kratos continues to execute its vision and strategy to be the go-to provider of affordable products, systems and solutions that are rapidly developed, demonstrated and fielded for the War Fighter.”

Upon the unanimous recommendation of the Board’s 
Nomination & Governance Committee, the Board of Directors also voted to increase the size of the Company’s Board to nine members, with  Ms. Lund filling one of the two vacancies. The Board of Directors expects to fill the second vacancy within the next 18 months when a suitable candidate is identified.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

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. 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. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com


Source: Kratos Defense & Security Solutions, Inc.

What Companies are Involved in Spaceflight

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Space SPACs in the SPAC Space

 

Less than a week ago, Virgin Galactic successfully completed its third spaceflight and the first-ever space travel from Spaceport America, NM. The developing business of space flight is literally rocketing forward. The industry includes shipping, retrieving, military, human transportation and recreational travel. But, other than Virgin Galactic, (SpaceX is privately held) how do investors get exposure to the exciting field?

Recently there has been a spate of SPAC acquisitions with companies involved in the space industry. The stocks don’t have a long track record, in fact, many are still on the merger launchpad,  but they are all literally shooting for the stars.

SPACs Merging With Space Related Companies

Here are a few examples of companies about to be merge with a SPAC that are capturing people’s attention along with investor’s capital. Rocket maker Astra Space announced on February 2nd their intent to merge with SPAC Holicity (HOL). Astra is the fastest privately-funded company to demonstrate orbital launch capability. In a press release, Holicity announced they expect the merger to close during the second quarter of 2021. Another company, Momentus, builds in-space infrastructure services. Momentus has plans to merge with Stable Road Capital (SRAC). The company has a team of aerospace, propulsion, and robotics engineers. One of its properties is a cost-effective and energy-efficient in-space transport system based on water plasma propulsion. Rocket Lab (RKLB), entered into a definitive agreement to merge with Vector Acquisition (VACQ) in a deal valued at $4.1b. Rocket Lab is based in Long Beach, CA. The company designs and manufactures the electron and neutron launch vehicles and Photon spacecraft platform. Redwire Space is merging with Genesis Park (GNPK) to bring itself public. The deal is expected to close before the end of the second quarter.

 

Take-Away

 A slew of start-up companies have been created with disruptive technologies that could lead the next generation of space travel. New “space stocks” are being brought to market by Special Purpose Acquisition Companies (SPACs). The SPAC method of taking the companies public allows them to avoid the IPO process yet enjoy access to capital and other benefits of being a publicly traded enterprise.      

 

Suggested Reading:

Lifecycle of a SPAC

Analysis of a SPAC



Regulation of a SPAC

Merger of a SPAC

 

Sources

https://www.space.com/astra-rocket-maker-goes-public

https://www.holicity.inc/

 

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What Companies are Involved in Spaceflight?

Posted on by Admin


Space SPACs in the SPAC Space

 

Less than a week ago, Virgin Galactic successfully completed its third spaceflight and the first-ever space travel from Spaceport America, NM. The developing business of space flight is literally rocketing forward. The industry includes shipping, retrieving, military, human transportation and recreational travel. But, other than Virgin Galactic, (SpaceX is privately held) how do investors get exposure to the exciting field?

Recently there has been a spate of SPAC acquisitions with companies involved in the space industry. The stocks don’t have a long track record, in fact, many are still on the merger launchpad,  but they are all literally shooting for the stars.

SPACs Merging With Space Related Companies

Here are a few examples of companies about to be merge with a SPAC that are capturing people’s attention along with investor’s capital. Rocket maker Astra Space announced on February 2nd their intent to merge with SPAC Holicity (HOL). Astra is the fastest privately-funded company to demonstrate orbital launch capability. In a press release, Holicity announced they expect the merger to close during the second quarter of 2021. Another company, Momentus, builds in-space infrastructure services. Momentus has plans to merge with Stable Road Capital (SRAC). The company has a team of aerospace, propulsion, and robotics engineers. One of its properties is a cost-effective and energy-efficient in-space transport system based on water plasma propulsion. Rocket Lab (RKLB), entered into a definitive agreement to merge with Vector Acquisition (VACQ) in a deal valued at $4.1b. Rocket Lab is based in Long Beach, CA. The company designs and manufactures the electron and neutron launch vehicles and Photon spacecraft platform. Redwire Space is merging with Genesis Park (GNPK) to bring itself public. The deal is expected to close before the end of the second quarter.

 

Take-Away

 A slew of start-up companies have been created with disruptive technologies that could lead the next generation of space travel. New “space stocks” are being brought to market by Special Purpose Acquisition Companies (SPACs). The SPAC method of taking the companies public allows them to avoid the IPO process yet enjoy access to capital and other benefits of being a publicly traded enterprise.      

 

Suggested Reading:

Lifecycle of a SPAC

Analysis of a SPAC



Regulation of a SPAC

Merger of a SPAC

 

Sources

https://www.space.com/astra-rocket-maker-goes-public

https://www.holicity.inc/

 

Stay up to date. Follow us:

           


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Release – Comtech Telecommunications Corp. Awarded $3.0 Million QV-Band TWTA Contract for High Frequency Satcom Amplifiers

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Comtech Telecommunications Corp. Awarded $3.0 Million QV-Band TWTA Contract for High Frequency Satcom Amplifiers

The Solution Will Support a New High-Speed Satellite Network

MELVILLE, N.Y.
–(BUSINESS WIRE)–May 13, 2021– 
May 13, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure wireless communications technologies, announced today, that during its third quarter of fiscal 2021, its 
Santa Clara, California-based subsidiary, 
Comtech Xicom Technology, Inc., a world leader in high-power amplifiers, was awarded a contract valued at more than 
$3.0 million
 for QV-band traveling wave tube amplifiers (“TWTAs”) to support a new high-speed satellite network.

“We believe we are the market leader in deployed QV-band TWTAs, and this order further extends our market lead for this new frequency band, which delivers 4 GHz of bandwidth for High Throughput Satellite (“HTS”) applications,” said  Fred Kornberg , Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp. “QV-band is the next frontier for satcom frequency bands because it enables new products and services at a lower cost per bit. Our strong technical leadership position fuels our optimism for future growth opportunities.”

Comtech Xicom Technology, Inc., a world leader in high-power amplifiers, manufactures a wide variety of tube-based and solid-state power amplifiers for military and commercial satellite uplink applications. The product range encompasses power levels from 8 W to 3 kW, with frequency coverage in sub-bands within the 2 GHz to 52 GHz spectrum. Amplifiers are available for fixed and ground-based, shipboard and airborne mobile applications. Please visit www.xicomtech.com for more information.

Comtech Telecommunications Corp. is a leader in the global communications market headquartered in 
Melville, New York. With a passion for customer success, 
Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

PCMTL

Product Media Contact: Eric Schmidt, Vice President, Sales

Comtech Xicom Technology, Inc.
408-391-6534
eric.schmidt@xicomtech.com

Corporate Contact: Michael D. Porcelain, President and Chief Operating Officer
Comtech Telecommunications Corp.
631-962-7000
info@comtechtel.com

Source: 
Comtech Telecommunications Corp.

Release – CoreCivic’s Third Annual ESG Report Shows Steadfast Commitment to Reducing Recidivism, Focus on Keeping People Safe and Front Line Resiliency Amid Pandemic

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CoreCivic’s Third Annual ESG Report Shows Steadfast Commitment to Reducing Recidivism, Focus on Keeping People Safe and Front Line Resiliency Amid Pandemic

BRENTWOOD, Tenn., May 12, 2021 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the Company) today released its 2020 Environmental, Social and Governance (ESG) Report detailing its steadfast response to the challenges of the COVID-19 pandemic. This is the third annual report issued by the Company since 2019.

The report illustrates how the company worked to keep people safe while finding innovative ways to carry out life changing programming that equips individuals to succeed after incarceration. It shows the resiliency of front line professionals who worked tirelessly to protect human life while adapting to safe alternatives to in-person reentry programming. It also highlights the Company’s progress in protecting the environment and promoting excellence in its corporate governance.

“Like any enterprise worth its salt, we change to get better,” said Damon Hininger, president and chief executive officer. “We believe in constantly striving to be a better company and to find ways to make the most difference for the people we care for and our country as a whole. I could not be more proud of our team of prepared, energetic and always-eager-to-improve reentry professionals who introduced safe and socially-distanced alternative programming while conforming to evidence-based best practices.”

The 40-page document’s release marks two years since the Company broke ground with the industry’s first ESG report. Previous reports documented substantial progress toward CoreCivic’s first-ever industry initiative to set and achieve five-year reentry goals, an effort that was completed in 2019. The 2020 report defines the Company’s continued commitment to evidence-based practices for reentry, informing future goals and enabling individualized interventions based on a person’s specific needs and their risk of future involvement in the justice system.

While CoreCivic was forced to temporarily suspend some in-person reentry services in 2020 due to COVID-19, limiting its ability to deliver programming at the level it normally would, the Company laid the groundwork for a new, more illuminating approach to reentry. The new approach will continue to set goals for program delivery, which will be disclosed in future reports. However, it will also measure and track performance tied to effective outcomes for individuals in the reentry process, rather than using program completion rates alone.

The report also outlines the Company’s pandemic response, illustrating how CoreCivic’s long-standing infectious disease management plans were adapted to the unique needs of the COVID-19 pandemic. The Company’s Emergency Operations Center (EOC) was activated early in the pandemic and continues to operate 24/7 with state-of-the-art software to track and monitor developments in real time. A special Coronavirus Response Committee (CRC) was also assembled, including the Company’s chief medical officer, to manage response efforts and ensure alignment with Centers for Disease Control and Prevention (CDC) guidance. The Company also continually evaluated and adapted supply chains to ensure adequate supply of personal protective equipment (PPE) companywide.

“While any loss of human life carries incalculable costs that millions of families around the world have felt during this crisis, I am grateful for the collective efforts of our facility leaders and staff who worked tirelessly to protect lives over the past year,” Hininger said. “From nurses and correctional officers to supply chain analysts, we put the right people in the right places, and their efforts were nothing short of heroic.”

The report cites findings by the U.S. Department of Justice’s Office of Inspector General (OIG) that contractor-operated U.S. Marshals Service facilities like those operated by CoreCivic were safer, more accountable and more responsive in mitigating risk from COVID-19 than publicly operated facilities.

Other topics covered in the report include:

  • Development of 2021 human rights goals, which include implementation of a new human rights policy, facility-level risk assessments and delivery of training to more than 95% of employees
  • Work to accelerate diversity, equity and inclusion (DEI) efforts, including the establishment of a DEI Council and Board-level DEI Committee, conscious inclusion training for leaders, and a comprehensive culture survey to gauge areas for improvement
  • Environmental sustainability practices and goals, including smart water controls, LED retrofit projects and green design and operations techniques to reduce the Company’s carbon footprint
  • Community support efforts, through which CoreCivic contributed more than $2.7 million to organizations working with formerly incarcerated people, victims of crime, underserved youth and those impacted by the pandemic
  • Policy advocacy for state and federal legislation that removes barriers to reentry for justice-involved individuals and reduces recidivism. The Company successfully advocated for, among other measures, restoring Pell Grants, voting rights and expungement opportunities for formerly incarcerated people
  • Advocating for the Federal Communications Commission (FCC) to have states cap intrastate Inmate Telephone Services rates to better enable families to stay in contact with incarcerated loved ones

About CoreCivic

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Contact:

Investors: Cameron Hopewell – Managing Director, Investor Relations – (615) 263-3024
Media: Steve Owen – Vice President, Communications – (615) 263-3107