June 27, 2017

Kratos Receives $16 Million in Radar and System Contract Awards

SAN DIEGO, June 27, 2017 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, announced today that its Modular System Division (MSD) recently received approximately $16 million in radar and system contract awards.  MSD is a provider of specialized systems, products and equipment that support strategic National Security related programs and platforms including; radars, unmanned systems, missile and ballistic missile defense systems and satellite communications.  Work under these contract awards will be performed in a secure Kratos manufacturing facility.  Due to customer related and other considerations, no additional information will be provided related to these contract awards.

Tom Mills, President of Kratos' Modular System Division, said, "Our entire organization is proud to support our customers and their mission critical National Security programs.  With what we believe to be a recapitalization of strategic National Security platforms and systems globally currently underway, MSD is uniquely positioned to provide our customers affordable modular systems, products and solutions for their C5ISR requirements."

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is a mid-tier government contractor at the forefront of the Department of Defense's Third Offset Strategy.  Kratos is a leading technology, intellectual property and proprietary product and solution company focused on the United States and its allies' national security.  Kratos is the industry leader in high performance unmanned aerial drone target systems used to test weapon systems and to train the warfighter, and is a provider of high performance unmanned combat aerial systems for force multiplication and amplification.  Kratos is also an industry leader in satellite communications, microwave electronics, cyber security/warfare, missile defense and combat systems.  Kratos has primarily an engineering and technically oriented work force of approximately 2,900. Substantially all of Kratos' work is performed on a military base, in a secure facility or at a critical infrastructure location. Kratos' primary end customers are National Security related agencies. News and information are available at 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 25, 2016, 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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