Noble on the Road Presents: The GEO Group Investor Day

Noble Capital Markets is hosting an investor day with The GEO Group for the New York and Connecticut financial communities on Wednesday, September 14th. Brian Evans, CFO of The GEO Group, will present and answer questions. This is a no cost event for investors to get to know the company and management.

GEO provides complementary, turnkey solutions for numerous government partners worldwide across a spectrum of diversified correctional and community reentry services. From the development of state-of-the-art facilities and the provision of management services and evidence-based rehabilitation to the post-release reintegration and supervision of individuals in the community, GEO offers fully diversified, cost-effective services that deliver enhanced quality and improved outcomes Noble senior analyst Joe Gomes follows the company and has an Outperform rating with a $15 price target. To learn more about The GEO Group, click here. The research is complimentary to you.

Yes, I want to meet The GEO Group

For more information on this, and other upcoming roadshows, contact:

Barbara Cohen
Managing Director, Investor Outreach & Distribution
Noble Capital Markets, Inc. Direct – (212) 863-3225
bcohen@noblecapitalmarkets.com

Kratos Defense & Security Solutions Schedules Second Quarter 2022 Earnings Conference Call for Thursday, August 4th

Research, News, and Market Data on Kratos Defense & Security Solutions

SAN DIEGO, 
July 26, 2022 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider, announced today that it will publish financial results for the second quarter of 2022 after the close of market on 
Thursday, August 4^th. Management will discuss the Company’s operations and financial results in a conference call beginning at 
2:00 p.m. Pacific (
5:00 p.m.
 Eastern).

The call will be available at www.kratosdefense.com. Participants may register for the call using this Online Form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that can be used to access the call. For those who cannot access the live broadcast, a replay will be available on Kratos’ website.

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.

Press Contact: Yolanda White 858-812-7302 Direct

Investor Information:
877-934-4687

investor@kratosdefense.com

 

Kratos Awarded $54M Task Order to Develop a Low Cost, Limited Life Engine for Attritable and Expendable Systems

Research, News, and Market Data on Kratos Defense & Security Solutions

SAN DIEGO, 
July 25, 2022 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that Kratos Turbine Technologies (KTT) Division has been awarded a task order contract to develop a low cost, limited life engine for attritable and expendable systems. The contract is part of the 
Air Force Research Laboratory, 
Aerospace Systems Directorate, Turbine Engine Division (AFRL/RQT), Attritable Cost Optimized Limited Life Engine Technologies (ACOLLET) program. Under prior and existing contracts, KTT has completed component rig and core engine testing and has recently begun full engine ground testing. The initial, 
$6.8M, effort will focus on key component testing and engine optimization trade studies to validate the capabilities the engine can bring to future systems. Additional, unfunded, options are available to complete the engine design and testing for future flight demonstrations. The work will be performed by KTT in 
Florida.

KTT’s Attritable and Expendable Turbofan Engine

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1c7b82ca-7df7-4034-99de-75990b2072c7

Stacey Rock, President of Kratos Turbine Technologies Division, said, “The new contract allows KTT to continue the great working relationship with AFRL’s Turbine Engine Division to bring disruptive engine technology to the warfighter. Both parties are focused on increasing system mission capability, while providing engines at a lower cost. All of Kratos is focused on supporting 
the United States warfighter and industrial base, including making significant investments in the development and production of next generation engines and supporting STEM opportunities in the 
USA. We look forward to continuing to support the AFRL in the development of transformative and affordable turbine engine technologies.”

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 26, 2021, 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

KTT’s Attritable and
Expendable Turbofan Engine

 

KTT’s Attritable and
Expendable Turbofan Engine

Source: Kratos Defense & Security Solutions, Inc.

Kratos Awarded Contract from U.S. Army Future Command to Demonstrate Military SATCOM Modernization

Research, News, and Market Data on Kratos Defense & Security Solutions

Built on Kratos’ OpenSpace
Virtual Ground System Platform, will Support Interoperability, Multi-Mission
Support and Vendor Neutrality

SAN DIEGO, 
July 20, 2022 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it was awarded a contract from the 
U.S. Army’s Combat Capabilities Development Command to demonstrate a virtualized SATCOM ground system. Based upon Kratos’ OpenSpace Platform, the solution will enable the government to field SATCOM networks in line with modernization goals including streamlining gateway and remote terminal capabilities supported by multiple vendors, reducing life-cycle costs and supporting adaptive, dynamic space operations. Funding for this award was through the Network Command, Control, Communication, and Intelligence Cross-Functional Team (N-CFT) established by the Army’s Future Command.

Supporting a “fighting SATCOM” strategy, future military satellite communications (MilSatCom) networks will require dynamic capabilities such as resiliency, the ability to adapt to suddenly changing mission conditions on the fly and the ability quickly spin up and spin down resources for multi-mission support. Today’s hardware-based networks cannot deliver the speed, interoperability or agility to meet these goals, a situation that is driving digital transformation and modernization efforts across the space industry.

Kratos’ OpenSpace Platform is the only fully-orchestrated, COTS satellite ground system architected on modern, software-defined networking (SDN) principles. OpenSpace digitizes the RF signals flowing to and from satellites so they can be processed and managed in virtual environments such as the cloud. This means applications can be instantiated faster, support multiple missions and orbits, react on-the-fly to changing conditions and operate at lower cost. For example, space network components that typically take weeks or even months to implement in today’s hardware-based world are replaced by virtual network functions (VNF) that can be stood up in just minutes with the OpenSpace Platform. Because it is based on accepted industry standards, OpenSpace is compatible with standards compliant network resources from other companies, assuring interoperability and avoiding vendor lock-in.

Chris Badgett, Vice President of Technology for Kratos Space said, “A strategic goal of the military is to operate an integrated SATCOM enterprise, which increases assured SATCOM access for the warfighter and improves the effectiveness of the infrastructure by enhancing resilience. Kratos’ OpenSpace Platform will show how critical satellite network operations can be made interoperable across domains.”

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 26, 2021, 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.

 

Defense Contractor Kratos Announces Plan to Add 76 Jobs at its Birmingham Advanced Concepts Engineering Facility

Research, News, and Market Data on Kratos Defense & Security Solutions

SAN DIEGO, 
July 19, 2022 (GLOBE NEWSWIRE) — 
San Diego Based Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider announced plans today to expand its newly established business unit in 
Birmingham, Alabama
. With the support of critical enhancement programs provided by the 
State of Alabama, 
Jefferson County
 and the 
City of Birmingham, Kratos expects to add 76 jobs and make approximately 
$8.6 million
 in capital investments in its 
Birmingham facility over the next five years.

Kratos acquired the engineering division of 
Birmingham-based 
Southern Research
 in an 
$80 million
 asset transaction in May. The acquisition establishes Kratos SRE, an advanced concept group within Kratos’ Defense & 
Rocket Support Services (KDRSS) Division. SRE currently employs about 140 engineers, technicians and program support professionals conducting work in support of the space community, the 
Department of Defense and other national security customers.

The Kratos SRE Birmingham growth plan is part of the company’s overall strategy to expand leading-edge technology capabilities in areas specifically related to hypersonics. The new positions, with an average annual salary of 
$95,000, will be a mixture of engineers, technicians and support staff.

“We appreciate the support that Kratos has received from the 
State of Alabama and the 
Birmingham local government,” said  Dave Carter , President of KDRSS. “Training grants and other key incentives allow us to accelerate our capabilities expansion and enhance the already impressive workforce at Kratos SRE. The 
Birmingham advanced concepts business unit is a key enabler to expanding Kratos’ leadership in hypersonics and other technology areas.”

The growth plans for Kratos’ 
Birmingham advanced concepts business unit were announced in conjunction with the 2022 Farnborough International Airshow, held just outside of 
London. Company representatives met with the 
Alabama team today at the “Made in Alabama” booth on the opening day of the high-profile trade event.

“Over many decades, the talented workforce in the Southern Research Engineering Division has made many important contributions to the nation’s space program and critical national defense programs,” said  Greg Canfield , Secretary of the 
Alabama Department of Commerce. “I look forward to seeing the Birmingham Kratos SRE business unit continue their record of amazing accomplishments as Kratos makes investments in advanced concepts and expands their technical capabilities.”

Kratos plans to continue enhancing SRE’s industry-leading expertise in the testing and evaluation of how advanced materials behave in extreme environments to ensure the nation’s industrial base is prepared to address the unique challenges associated with space, hypersonics, missiles, propulsion systems and more.

Kratos SRE also specializes in intelligence surveillance and reconnaissance (ISR) sensor development, electromechanical systems design, aerospace engineering and other technical disciplines.

“Kratos is the perfect home for my engineering team. From hypersonics to ISR applications, Kratos brings tremendous synergies across all of our technical platforms,” said  Michael Johns , former Southern Research Engineering Division Vice President and now Kratos SRE Senior Vice President. “We have long been the leader in understanding materials in extreme environments for applications, including hypersonics, but now as part of Kratos, we are able to support programs all the way through flight test and beyond, substantially increasing our total addressable market opportunity.”

Local officials welcomed Kratos’ expansion plans at the 
Birmingham facility.

“As Birmingham and 
Jefferson County
 continues to expand its aerospace and defense industry footprint, we welcome Kratos and its plans for new jobs and investment,” 
Jefferson County
 Commissioner  Steve Ammons  said. “Southern Research’s Engineering Division was a powerful leader in defense and strategic deterrence system development, and we will continue to support Kratos in its new and innovative solutions.”

Emily Jerkins Hall, President and Chief Operating Officer of the 
Birmingham Business Alliance, said the organization is grateful that Kratos not only committed to staying in the city but also to growing there.

“Our team enjoyed working with 
Southern Research and the project team to help Kratos establish and scale their operations here,” she said. “Their investment in our community will continue to make the 
Greater Birmingham Region an attractive destination for top engineering talent from around the globe.”

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.

About the Department of
Commerce 
The Alabama Department of Commerce is the state’s lead economic development agency, working with economic development allies throughout the state to fulfill the objectives of Accelerate Alabama, the state’s strategic economic development growth plan. In addition to its business development activities, Commerce divisions promote exporting and international investment opportunities for 
Alabama businesses, assist small businesses, and position the state as a location for film and television productions. Commerce is home to the state’s primary non-education workforce development programs, including AIDT, a nationally known job-training agency.

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 30, 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, USAF Complete Successful XQ-58A Valkyrie Skyborg Flight Series

Research, News, and Market Data on Kratos Defense & Security Solutions

SAN DIEGO, 
July 18, 2022 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that it has recently completed a successful series of flights with two production XQ-58A Valkyrie aircraft for the Skyborg Program. The program team includes the 
U.S. Air Force (USAF) Fighters and 
Advanced Aircraft Directorate, 
Air Force Research Laboratory (AFRL), USAF 40^th 
Flight Test Squadron (FLTS), USAF 46^th 
Test Squadron
, and Kratos.

Steve Fendley,
President of the Kratos Unmanned Systems Division, said, “The continued evolution and demonstration of the USAF Skyborg system is charting the course for the range of tactical applications Skyborg is intended to address and inform. These most recent Skyborg flights, with production Valkyrie aircraft being delivered on the Skyborg contract, illustrate the benefits and utility of these uncrewed systems while informing the operational concepts and Concepts of Employment (CONEMPS). The entire Kratos team is excited to be a part of this game-changing application space for military uncrewed aircraft systems.”

The XQ-58A Valkyrie was initially developed in cooperation with AFRL on the Low Cost Attritable Strike Demonstrator (LCASD) Program with multiple follow-on programs and projects for several customers and applications. These multiple program applications continue with the Skyborg Program, as well as several others related to production, specific mission applications, and operational development of the XQ-58A family of affordable, high speed, tactical UAVs.

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, small to mid-sized jet engines and technology, training, and combat systems. 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 30, 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

 

Tuesday, July 05, 2022

The GEO Group (GEO)
A USMS Contract Renewal

The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO’s diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care®, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care. GEO’s worldwide operations include the ownership and/or delivery of support services for 103 facilities totaling approximately 83,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,000 employees.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

USMS Renewal. On Thursday, GEO reported that the U.S. Marshals Service has exercised the current contract option period to continue to utilize the 770-bed Western Region Detention Facility in San Diego, California, which is effective through September 30, 2023. The existing contract also has two additional two-year contract option periods, which if exercised by the USMS, would be effective through September 30, 2025 and September 30, 2027, respectively. GEO’s Western Region Detention Facility contract with the USMS had been operating under a 90-day contract extension which was scheduled to end on June 30, 2022.

A Precedent? Western was under a direct contract with the USMS. It was renewed in spite of the Executive Order given the lack of alternatives in the region, in our opinion. GEO has two additional direct contracts with the USMS, both expiring in 2023. Its possible we could see the same outcome at renewal, although it is too early to tell.…

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Defense Metals Diamond Drilling Update – Pit Slope Geotechnical Preparations Underway

News, and Market Data on Defense Metals

News Release – Vancouver, British Columbia – June 17, 2022: Defense Metals Corp. (“Defense Metals” or the “Company”) (TSX-V:DEFN / OTCQB:DFMTF / FSE:35D) is pleased to provide an update for ongoing  diamond drilling at its Wicheeda Rare Earth Element (REE) deposit. The 2022 diamond drilling campaign commenced in the northern resource area with the first two resource delineation drill holes totalling approximately 615 metres now nearing completion.   The initial two drill holes were collared from the same site oriented southwest at -50 and -60 degree dips. The holes are designed to establish the eastern carbonatite contact near surface, and for the purpose of resource infill near 2021drill hole WI21-33 that yielded 3.17% TREO over 196 metres; including 4.29% TREO over 55 metres[1] at depth that expanded high-grade REE mineralization beyond the mineral resource pit shell. Both holes intersected significant intervals of visually REE mineralized dolomite carbonatite between as predicted by the geological model (Image 1).   [1]The true width of REE mineralization is estimated to be 70-100% of the drilled interval

 

 

Image 1: Visibly REE Mineralized Dolomite Carbonatite from Drill Hole WI22-62 (approximately 120 metres downhole)

 

As announced in its June 7, 2022, drilling commencement news release, the Company plans to complete up to 5,000 metres of diamond drilling designed to further delineate existing resources, assess near deposit exploration targets, collect geotechnical and hydrogeological drilling for the purpose of optimization of open pit slope design, and generate additional REE mineralized material for continued metallurgical testwork. Kristopher Raffle, P.Geo., Director and QP of Defense Metals commented: “With the second drill hole of our 2022 resource infill campaign nearing completion, we look forward in the coming days to initiating co-purposed infill and pit slope geotechnical drill holes in the main deposit and PEA mine schedule pit highwall areas, in addition to continuation of pad building for planned exploration holes. With 2022 drilling operations once again based at the Wicheeda Deposit site field camp, we expect to be able to take advantage of logistical efficiencies; most notably a reduction on helicopter utilization.”   Other Company Updates   The Company attended the Prospectors & Developers Association of Canada Convention (PDAC) in Toronto, Ontario from June 13, 2022 to June 15, 2022 and met with several industry stakeholders including shareholders, investment firms, and strategic industry companies.   Defense Metals recently staked additional mineral claims contiguous to the Wicheeda REE Property. The 100% owned Wicheeda REE Property is now 4,244-hectares.   Further to the Company’s news release dated May 24, 2022, the Company paid US$100,000 to Digitonic Limited, an arm’s-length party to provide investor relations services and to provide content creation, digital and video marketing services.   About the Wicheeda REE Property   The 100% owned 4,244-hectare Wicheeda REE Property, located approximately 80 km northeast of the city of Prince George, British Columbia, is readily accessible by all-weather gravel roads and is near infrastructure, including power transmission lines, the CN railway, and major highways.   The Wicheeda REE Project yielded a robust 2021 PEA that demonstrated an after-tax net present value (NPV@8%) of $517 million, and 18% IRR[1]. A unique advantage of the Wicheeda REE Project is the production of a saleable high-grade flotation-concentrate. The PEA contemplates a 1.8 Mtpa (million tonnes per year) mill throughput open pit mining operation with 1.75:1 (waste:mill feed) strip ratio over a 19 year mine (project) life producing and average of 25,423 tonnes REO annually. A Phase 1 initial pit strip ratio of 0.63:1 (waste:mill feed) would yield rapid access to higher grade surface mineralization in year 1 and payback of $440 million initial capital within 5 years.   Qualified Person   The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in NI 43-101. Mr. Raffle verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained therein.     About Defense Metals Corp.   Defense Metals Corp. is a mineral exploration and development company focused on the acquisition, exploration and development of mineral deposits containing metals and elements commonly used in the electric power market, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.   For further information, please contact:   Todd Hanas, Bluesky Corporate Communications Ltd. Vice President, Investor Relations Tel: (778) 994 8072 Email: todd@blueskycorp.ca   Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.   Cautionary Statement Regarding “Forward-Looking” Information   This news release contains “forward?looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Wicheeda REE Project, completion of drilling, receipt of drill results including anticipated timeline of such results/assays, the Company’s plans for its Wicheeda REE Project, expanded resource and scale of expanded resource, expected results and outcomes, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR at www.sedar.com. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations),  risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological and engineering assumptions, decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed drilling results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward?looking statements or forward?looking information, except as required by law.     [1] Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.’s Issuer Profile on SEDAR (www.sedar.com).

SKY Perfect JSAT Jointly with Kratos Awarded Contract to Build C-band Spectrum Monitoring Facility for the Japan Ministry of Internal Affairs and Communications

Research, News, and Market Data on Kratos Defense & Security Solutions

SAN DIEGO, June 16, 2022 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it was awarded a contract to build a state-of-the-art C-band Geostationary Orbit (GSO) Satellite Spectrum Monitoring Facility. Kratos is implementing this solution as part of a joint project with Japan’s main satellite operator, SKY Perfect JSAT Corporation (SKY Perfect JSAT), for the Ministry of Internal Affairs and Communications (MIC) in Japan.

The system will address MIC’s need to implement a new location for spectrum monitoring, protected from 5G interference, that will help in assuring the spectrum and reducing the potential for signal congestion, RF interference and illegal usage. Kratos is working closely with SKY Perfect JSAT, the prime contractor who is coordinating with the Japanese government to implement the project and to host the C-band antennas. Kratos hardware and software products incorporated in this turnkey integrated ground system include Monics® for spectrum monitoring, satID® for geolocation of satellite transmitters, Compass® for network Monitor & Control (M&C), Geomon for ITU missions automation and a big data analysis platform for ground system analytics. This platform will enable operators to collect performance data across ground systems and use business intelligence to analyze satellite measurements from both regulatory and technical perspectives. These products and solutions will be integrated with Kratos antennas covering C frequency band to provide an end-to-end management solution. “Increasing space traffic continues to impact spectrum reliability worldwide,” said Susumu Fujimoto, President of Kratos Communications Japan. “Kratos will help the MIC and regulators around the globe to minimize interference, check licensing and assure the spectrum. The MIC’s new spectrum monitoring facility will enable the delivery of reliable, interference-free licensed satellite services.” Kratos has worked with numerous government spectrum regulators around the world to build advanced spectrum monitoring solutions. Kratos offers comprehensive turnkey capabilities and a broad portfolio of products for end-to-end ground operations including networks, RF management, and Space Domain Awareness (SDA) from office locations around the globe. About SKY Perfect JSAT SKY Perfect JSAT Corporation is Asia’s largest satellite operator with a fleet of 16 satellites, and Japan’s only provider of both multi-channel pay TV broadcasting and satellite communications services. SKY Perfect JSAT delivers a broad range of entertainment through the “SKY PerfecTV!” platform, the most extensive in Japan with a total of approximately 3 million subscribers. SKY Perfect JSAT’s satellite communications services, which cover Asia, Indian Ocean, Middle East, Pacific Ocean and North America, play a vital role in supporting communications infrastructures for mobile backhaul, government, aviation, maritime, oil & gas and disaster recovery. For more information, visit its corporate website (https://www.skyperfectjsat.space/en/) and Space Business website (https://www.skyperfectjsat.space/jsat/en/). 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 26, 2021, 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

Vectrus Shareholders Approve Combination with Vertex

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Following Transaction Close, Newly
Combined Company Will be Renamed V2X, Inc.; to Trade on NYSE under New Ticker:
VVX

COLORADO SPRINGS, Colo., June 15, 2022 /PRNewswire/ — Vectrus, Inc. (NYSE: VEC) today announced that based on voting results from the Special Meeting of Shareholders held today, Vectrus shareholders voted to approve the combination with Vertex. Following the close of the transaction, the combined company will be renamed V2X, Inc, and its common stock will trade on the NYSE under a new ticker symbol, “VVX”.

“Today’s overwhelming approval marks a significant step toward completing our merger with Vertex, and creating one of the leading providers of critical mission solutions and support to defense clients globally,” said Chuck Prow, Chief Executive Officer of Vectrus. “Vectrus and Vertex – together as V2X – will be better positioned to meet the mission-essential needs of our clients while delivering cost efficiencies, increased security and resiliency, with more strategic use of resources. We thank all of our stakeholders for their continued support and look forward to completing the pending combination so we can begin unlocking the incredible potential of our combined platform.”

As previously announced, under the terms of the merger agreement, Vertex shareholders will own approximately 62% of the combined company on a fully diluted basis, while Vectrus shareholders will own approximately 38%. The merger is expected to close early in the third quarter of 2022, and remains subject to satisfaction of customary closing conditions, including receipt of regulatory approvals.

The final voting results will be reported in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission after certification by Vectrus’ inspector of elections.

About Vectrus
For more than 70 years, Vectrus has provided critical mission support for our customers’ toughest operational challenges. As a high-performing organization with exceptional talent, deep domain knowledge, a history of long-term customer relationships, and groundbreaking technical expertise, we deliver innovative, mission-matched solutions for our military and government customers worldwide. Whether it’s base operations support, supply chain and logistics, IT mission support, engineering and digital integration, security, or maintenance, repair, and overhaul, our customers count on us for on-target solutions that increase efficiency, reduce costs, improve readiness, and strengthen national security. Vectrus is headquartered in Colorado Springs, Colo., and includes about 8,100 employees spanning 205 locations in 28 countries. In 2021, Vectrus generated sales of approximately $1.8 billion. For more information, visit the company’s website at www.vectrus.com or connect with Vectrus on Facebook, Twitter, and LinkedIn.

FORWARD-LOOKING STATEMENTS
Certain material presented in this press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Act. These forward-looking statements include, but are not limited to, conditions to the closing of the Transaction may not be satisfied; the possibility that anticipated benefits of the Transaction may not be realized or may take longer to realize than expected; the possibility that costs related to Vectrus’s integration of Vertex’s operations may be greater than expected and/or that revenues following the Transaction may be lower than expected; Vectrus’s business may suffer as a result of uncertainty surrounding the Transaction and disruption of management’s attention due to the Transaction; the outcome of any legal proceedings that are related to the Transaction; Vectrus may be adversely affected by other economic, business, and/or competitive factors; the risk that Vectrus may be unable to obtain governmental and regulatory approvals required for the Transaction, or that required governmental and regulatory approvals may delay the Transaction or result in the imposition of conditions that could reduce the anticipated benefits from the Transaction or cause the parties to abandon the Transaction; the impact of legislative, regulatory, competitive and technological changes; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the effect of the Transaction on the ability of Vectrus to retain and maintain relationships with both Vectrus’s and Vertex’s customers, including the U.S. Government; other risks to the consummation of the mergers, including the risk that the mergers will not be consummated within the expected time period or at all; responses from customers and competitors to the Transaction; the risk that the integration of Vertex may distract management from other important matters; results from the Transaction may be different than those anticipated; statements about Vectrus’s 2022 performance outlook, five-year growth plan, revenue, DSO, contract opportunities, the impacts of COVID-19, and any discussion of future operating or financial performance.

Whenever used, words such as “may,” “are considering,” “will,” “likely,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “target,” “could,” “potential,” “continue,” “goal” or similar terminology are forward-looking statements. These statements are based on the beliefs and assumptions of our management based on information currently available to management.

These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. For a discussion of some of the risks and important factors that could cause actual results to differ from such forward-looking statements, see the risks and other factors detailed from time to time in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the U.S. Securities and Exchange Commission.

Vectrus undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact Information

Mike Smith, CFA
michael.smith@vectrus.com
(719) 637-5773

Or

Jim Golden / Scott Bisang / Tim Ragones
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

Comtech to Showcase 911 Solutions for States and Local Jurisdictions at NENA 2022

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MELVILLE, N.Y.–(BUSINESS WIRE)–Jun. 7, 2022– June 7, 2022 — Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that it will be showcasing all of the Company’s Next Generation 911 (“NG911”) solutions at the annual National Emergency Number Association (“NENA”) Conference & Expo, June 13-14, 2022, at the Kentucky International Convention Center in Louisville, KY.

With decades of experience, Comtech has developed an extensive portfolio of emergency call routing, call handling, location data delivery and text messaging solutions, and has strengthened its one-stop-shop NG911 capabilities for state and local jurisdictions. Comtech is the only company in the industry offering a single-source, next-generation 911 approach that includes comprehensive in-house capabilities spanning the entire deployment and ongoing systems management.

Comtech invites attendees to visit booth 115, meet its team of 911 industry experts, and learn more about the following:

• Call Routing and
  Location Delivery: Comtech designs, implements, and operates secure, highly available, carrier agnostic Emergency Services IP Networks (“ESInets”) across the United States. Our NENA i3 NG911 Next Generation Core Services (“NGCS”) applications enable end-to-end Internet Protocol (“IP”) call completion and data delivery, and our multiple operational models put our customers in control of their regional or statewide deployment.
• Call Handling and
  Management Solutions: Purpose-built with more than 30 years of research and innovation, Comtech Solacom’s line of NG911 solutions leverage advanced hardware and software technologies that are trusted to streamline processes and enable a more efficient collection of critical information in emergency situations. Live demonstrations for our industry-leading 911 solutions include Guardian Call Handling, Map, and our latest workload planning and management application, Insights.
• Cybersecurity: Comtech’s CyberStronger™ 
  solutions include up-skill, re-skill, and training systems to increase the cybersecurity skills of any mission-critical workforce or public safety staff. These solutions provide education, hands-on training, and live online knowledge assessment and skills-building programs in all cybersecurity areas.
• Situational
  Awareness: Comtech’s SmartResponse™ situational awareness platform is an in-cloud geospatial solution with real time, contextual, and actionable intelligence for public safety answering points (“PSAPs”) and security agencies. This powerful application collates human and device-generated data into a flexible mapping interface, providing actionable insights into emergency situations for efficient and effective management of crisis situations.
• Text Messaging
  Capabilities: Comtech offers multiple options for Text to 911, including an interim web-based solution (“
  EMedia®”) and Session Initiation Protocol (“SIP”) Message Session Relay Protocol (“MSRP”) connectivity from the Comtech Text Control Center (“TCC”) to PSAPs’ call handling equipment (“CHE”). Additionally, Messenger—readies call takers with the ability to collect, process and share previously unavailable live incident information such as text, photos, and video via short message service (“SMS”)/multimedia messaging service (“MMS”), from one integrated desktop.

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in Melville, New York and with a passion for customer success, Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com (and preview its new website at www.comtech.com).

Forward-Looking
Statements

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20220606005934/en/

Investor
Relations:
Robert Samuels
631-962-7102

robert.samuels@comtech.com

Source: Comtech Telecommunications Corp.

Comtech Strengthens Leadership Team for Its U.S. Based Satellite-Focused Business Line

Research, News, and Market Data on Comtech Telecommunications

Appointments
of New Divisional Chief Operating Officer and General Manager Lend Deep
Communications & Defense Experience to Comtech

MELVILLE, N.Y.–(BUSINESS WIRE)–Jun. 2, 2022– June 2, 2022– Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that it has appointed a new divisional Chief Operating Officer (COO) in Jon Opalski and created a new General Manager of Digital Products position that will be filled by Bob Pescatore. Both individuals bring deep communications and military expertise to Comtech’s satellite business line and will report to Daniel Gizinski who was named President of Comtech’s U.S. based satellite product line in January 2022.

Mr. Opalski will be responsible for driving operational excellence at both Comtech’s existing Santa Clara site and for the new state-of the-art Chandler, Arizona high-volume manufacturing and technology facility. Mr. Pescatore will lead the Satellite Network Technologies Digital Products Team in continuing development of industry leading satellite modems, network products, and cybersecurity support, ensuring flawless program execution and high customer satisfaction.

“Jon and Bob’s record of success and proven leadership skills make them highly qualified and ensure that we will strengthen our ability to serve government and commercial customers who have a need for integrated satellite-based solutions developed and manufactured in-house at facilities based in the United States,” said Michael Porcelain, CEO and President of Comtech.

About Jon
Opalski and Robert (“Bob”) Pescatore

Opalski joins Comtech from Benchmark Electronics, Inc. a multi-billion-dollar, world-class technology, engineering, and manufacturing service company that includes focus on next-generation technology and defense products. He served as General Manager of the Lark RF Technology Group where he oversaw a team of engineering and production personnel focused on RF/Microwave products. Opalski has also held several senior executive roles at REMEC Broadband Wireless Networks, including President and COO, where he managed hundreds of millions of dollars of RF and microwave solutions for the wireless telecom infrastructure market.

Pescatore joins Comtech from Cubic Corporation, a multi-billion-dollar defense company. At Cubic, Pescatore held a variety of executive level positions including Sr. Director of Halo Enterprise, Vice President and General Manager of Ground Training Solutions, Program Director for Air Ranges, and Business Development Director for Airborne Systems and Information Superiority. His earlier career was with the United States Marines Corps where he served 20 years as a Marine F/A 18 pilot.

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in Melville, New York and with a passion for customer success, Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com (and preview its new website at www.comtech.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

View source version on 
businesswire.com: https://www.businesswire.com/news/home/20220601006312/en/

Contacts
Investor
 Relations
Robert Samuels
631-962-7102

robert.samuels@comtech.com

Source: Comtech Telecommunications Corp.