Kratos lands safety, fire control contract for new natural gas-fueled power generation plant

Source: Kratos Defense & Security Solutions, Inc

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, has been awarded an approximate $2 million dollar safety and fire control integration contract for a Natural Gas Turbine Power Generation Plant by a large international, independent power producer.

Under the contract, Kratos' Public Safety and Security (PSS) business will provide a safety and fire control system and system integration services for a new natural gas energy facility. Among other elements, Kratos will be designing, installing and integrating a Life Safety/Fire Alarm Network that will incorporate seven Nodes, multiple FM-200 Special Hazards Fire Suppression System Units and a deluge fire protection system, all of which will be integrated into a central command and control system. 

"This award reflects the recognition of the deep experience which Kratos has in the installation of these systems for the Natural Gas Turbine market and is an indicator of our customer's confidence in our ability to satisfy their needs in such a critical area," said Ben Goodwin, President of Kratos' Public Safety and Security division. "I am very pleased with Kratos selection as the contractor for this segment of the market. The Natural Gas Turbine, Power Generation and Transport market represents a significant and expanding growth opportunity for Kratos, and our experience positions us well to take advantage of these opportunities." 

Eric DeMarco, Kratos' President and Chief Executive Officer, said, "We believe that the industrial security and energy generation and power markets are potential growth areas for Kratos' PSS business. Additionally, over the past several months we have seen a number of new opportunities for Kratos' PSS business, and we are continuing to assess new or opportunistic tactical and strategic initiatives to accelerate growth, profitability and market share in the homeland security, public security and public safety market areas."

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