(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.
"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.
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.