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Oct 8, 2018

Kratos Wins U.S. Air Force Contract for Global Strike Command Aerial Gunnery Training

SAN DIEGO, Oct. 08, 2018 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it was awarded a Task Order (TO) from KBR Wyle for an additional year of UH-1N Aerial Gunnery Simulation Training for the U.S. Air Force at the Kratos Aircrew Training Center (KATC) in Orlando, Florida.

Kratos has been conducting Aerial Gunnery Training (AGT) for Air Force Global Strike Command (AFGSC) Special Mission Aviators since 2017.

Kratos’ Aircrew Training Center’s full-mission simulators provide a cost-effective solution by minimizing lifecycle expenses associated with simulator ownership while maintaining training quality. AFGSC aircrew members are led by experienced Kratos instructors and train using the latest technologies and simulation systems to ensure mission readiness.

In addition to aerial gunnery training the KATC provides advanced rotary-wing and search and rescue training.

The original IDIQ contract was awarded last year by KBR Wyle. This is the second TO issued under that contract. Due to customer related, competitive and other considerations, no additional information is being provided relative to this competitive contract award.

As Jose Diaz, Senior Vice President, Kratos Training Solutions explains: “Virtual reality is a proven training alternative to live training. High-fidelity simulation systems can cost millions of dollars to own and sustain. When budget or time constraints prevent acquisition of such systems, the Kratos Aircrew Training Center can provide aircrew members with crew coordination, rescue hoist, and cargo sling operations, as well as AGT training, equivalent to what they would have received on their own simulator or aircraft while maximizing training budgets and increasing readiness.”

To meet the challenge of increasingly sophisticated weaponry, tactics and readiness demands, Kratos utilizes cutting edge technologies to develop synthetic training environments (STE) that deliver world class maintenance and operational training solutions that reduce costs, speed development and deliver high-fidelity performance. Kratos’ warfighter training solutions employ an extensive array of training products and services for air, ground and naval platforms. Integrating the latest in Virtual Reality (VR), Augmented Reality (AR) and Mixed Reality (MR) technology with its state of the art simulation systems and instructional design capabilities, Kratos’ blended training systems address a broad spectrum of training disciplines.

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises.  Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training and combat systems. For more information go to www.kratosdefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 31, 2017, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

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Source: Kratos Defense & Security Solutions, Inc.

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