***Kratos Receives $3 Million Security and Access Control Contract from Large National Healthcare Network
7:01 am ET July 26, 2017 (Globe Newswire) Print
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, announced today that its Public Safety & Security Division (PSS) has recently received a new $3 million contract for the first two phases of the design, engineering, deployment and integration of a physical access control system (PACS) for a large national healthcare customer in the United States. If the healthcare customer completes a proposed third phase of the project the contract value is expected to grow to $5 million. The system to be deployed will consolidate 24 separate PACS across 68 hospitals into a single system with a common database and user interface and is estimated to be completed over an 18 month period. PSS proposed an innovative, software-based physical access and identity management system that can leverage existing security infrastructure and seamlessly integrate systems across all locations. By offering this cutting edge solution, PSS was able to provide significant time and cost savings to the customer by avoiding a complete replacement of existing systems as well as create additional efficiencies in the customer's business processes. PSS is an industry leader in the design, engineering, deployment and integration of advanced security systems for public safety and critical infrastructure in the United States.
Ben Goodwin, President of Kratos' Public Safety & Security Solutions Division, said, "We are honored that our customers trust and select us to deploy these unique and specialized security systems. We strive to provide solutions on the forefront of security technology that allow our customers to thrive in the face of today's complex threat environment. We are extremely pleased to add this new large customer to our Strategic National Accounts portfolio. We are excited about this new relationship especially since we believe there is opportunity for expansion to meet our customer's operational and growth requirements with our national footprint and capabilities."
