Kratos closing Charleston Marine Container plant

Kratos Defense & Security Solutions said today it is consolidating certain facilities used by its modular systems division and will close its Charleston Marine Container manufacturing plant.

"The facility consolidation is being driven by the need to improve MSD manufacturing efficiencies, operational performance, profit margins and cash flow," the company said.

In a statement, Eric DeMarco, Kratos' chief executive, said the company will retain the plant so that it can be reopened when there is enough new business.

For more on Kratos, check out Inside Defense's latest story on the company: http://insidedefense.com/daily-news/seeking-growth-kratos-chief-says-company-investing-new-technology