SAN DIEGO, April 13, 2009 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading national defense, IT and security solutions provider, today commented on the April 6, 2009 sentencing of Pamela Banks, the owner of Advance Technical Solutions and a former subcontractor to Kratos, to two years in federal prison.
Kratos has assisted law enforcement and the United States Attorney's Office in their investigation since learning of the matter in May 2008. In that regard, Kratos has met several times with the United States Attorney's Office and federal investigative agents who have assisted them in their investigation, and has worked side-by-side with the government as it has pursued Banks and others involved in the scheme. The United States Attorney has advised Kratos that it has never been, and is not now, a target of this investigation.
Kratos is dedicated to maintaining the highest standards of business conduct in its dealings with all of its customers, including the federal government, as well as contractors and suppliers. Kratos will continue to cooperate fully with the United States Attorney's Office in its ongoing investigation.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) provides mission critical engineering, IT services and war fighter solutions for the U.S. federal government and for state and local agencies. Principal services include C4ISR, weapon systems sustainment, military weapon range operations and technical services, network engineering services, information assurance and cybersecurity solutions, security and surveillance systems, and critical infrastructure design and integration. The Company is headquartered in San Diego, California, with resources located throughout the U.S. and at key strategic military locations. News and information are available at www.KratosDefense.com.
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