cture, power generation, power transport, nuclear energy, financial, IT, healthcare, education, transportation, and petro-chemical industries, as well as certain government and military customers. It provides biometrics and other access control technologies to customers, such as pipelines, electrical grids, municipal port authorities, power plants, communication centers, data centers, government installations, and other commercial enterprises. It has experience providing engineering and design services at any phase of a project lifecycle, including program management, engineering design, system engineering, operations and maintenance, and integrated telecommunications. Security Systems Integration: The company has experience integrating security services and solutions across various network and communications platforms. In particular, its non-federal business has experience and has developed customer relationships by providing systems integration services on various platforms, including digital (IP) surveillance and security, building automation systems and controls, fire and life safety systems, access control and perimeter protection, and service and maintenance of the aforementioned systems. Customers The company’s customers in the KGS segment during 2013 included the U.S. Air Force, U.S. Army, U.S. Navy, U.S. Marines, Missile Defense Agency, the DHS, NASA, Foreign Military Sales (FMS), the U.S. Southern Command, U.S. Intelligence Community and certain classified customers. The company’s customers in the PSS segment included Port of Long Beach, Port Authority of New York & New Jersey, Prudential, New York University, Fidelity, Scripps Clinic, PNC Bank, Halliburton, AT&T, Chevron, Mellon Bank, Calpine Power Plants, Capital Health, DuPont Fabros, BP America, University of Houston, Meridian Health and Memorial Hermann Hospital System. Research and Development The company’s research and development expenses included $21.4 million in 2013. Intellectual Property As of December 29, 2013, the company held U.S. patents and foreign patents. Regulations Among the most significant U.S. Government regulations affecting the company’s business are as follows: The Federal Acquisition Regulations and supplemental agency regulations, which comprehensively regulate the formation, administration, and performance under government contracts; the Truth in Negotiations Act, which requires certification and disclosure of all cost and pricing data in connection with contract negotiations; the Cost Accounting Standards, which impose accounting requirements that govern right to reimbursement under cost-based government contracts; the Foreign Corrupt Practices Act, which prohibits U.S. companies from providing anything of value to a foreign official to help obtain, retain or direct business, or obtain any unfair advantages; and the False Claims Act and the False Statements Act, which, respectively, impose penalties for payments made on the basis of false facts provided to the government, and impose penalties on the basis of false statements, even if they do not result in a payment. Competition The company’s competitors in the Federal business segment include large U.S. Government contractors such as Northrop Grumman, Lockheed Martin, General Dynamics, SAIC, ITT Systems, Computer Sciences Corporation, Raytheon, BAE Systems, L3, and CACI. Other competitors include smaller and mid-tier government contractors such as AeroVironment, API Technologies, iRobot and Mercury Computer Systems. Competitors in the PSS segment include Siemens Building Technology, Johnson Controls, Diebold, and Convergint Technologies. History Kratos Defense & Security Solutions, Inc. was founded in 1994. The company was incorporated in the state of New York in 1994. It was reincorporated in the state of Delaware in 1998.
kratos defense & security
(KTOS:Consolidated Issue Listed on NASDAQ Global Select )
Bridge Pointe Corporate Centre
4820 Eastgate Mall
San Diego, CA 92121
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