logo
  Join        Login             Stock Quote

Kratos (KTOS) To Provide IT Services In Support Of TRICARE Management Activity

 November 13, 2012 08:16 AM


(By Balaseshan) Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS) said it has received the go ahead to provide IT services in support of the TRICARE Management Activity Defense Health Information Management System.

The $29.5 million contract was awarded to Kratos in September but was held up as the Government Accountability Office (GAO) considered a protest from the incumbent holder of the contract, whose claims were rejected by GAO.

The scope of work for the IT task order includes the delivery of management, testing, integration and development services to support new and updated software applications for the Military Health System.

[Related -Kratos Defense & Security (KTOS) 4Q Loss Widens, Guides Revenue Below Street]

"We are honored to receive this award and are excited to begin the work of providing project management services to help the military deliver a world-class health information management system for service members, their families, Combatant Commands and the user community," said Michael Smith, Senior Vice President of Enterprise Technology at Kratos.

Kratos Technology & Training Solutions (KTTS) specializes in assuring the readiness, reliability and operational effectiveness of Warfighter and C5ISR systems by supplying Information Technology, Communications and lifecycle training solutions to its defense, government and commercial customers.

Kratos is a specialized national security technology business providing products, services and solutions for the United States national security. Kratos operate in two segments: Kratos Government Solutions and Public Safety and Security.

[Related -Kratos (KTOS) Receives Specialized Missile Defense System Equipment Order]

KTOS closed Monday's regular session down 4.36% at $4.39. The stock has been trading between $4.27 and $7.79 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageWill The Sluggish US Housing Market Perk Up This Year?

Housing remains a weak spot for the US economy, as suggested by yesterday’s news of a bigger-than-expected read on...

article imageThe Only Homebuilders To Own Right Now

Now is the time to invest in the housing market, but you must be read on...

article imageUS Economic Growth Slows in Q4

US GDP growth fell short of expectations in last year’s fourth quarter, the government reports. National read on...

article imageReversals After a Gap on the Open Could Mean Anything

Yesterday stock indexes gapped up on the open but then reversed course to close sharply lower. This type of read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.